QUALCOMM Incorporated

(NASDAQ Global Select)
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Bullish +55

Qualcomm Incorporated $QCOM Shares Bought by Diamant Asset Management Inc.

AI-generated analysis

πŸ“ˆ Diamant Asset Management Inc. increased its Qualcomm stake by 10,276% in Q1, purchasing an additional 449,575 shares.

🏦 Norges Bank established a new $2.59 billion position in Qualcomm during the fourth quarter.

πŸ“Š Wellington Management Group grew its holdings by 141.8% to own 12.4 million shares worth $2.07 billion.

πŸ“ˆ Geode Capital Management raised its position by 12.5% to hold 28.9 million shares valued at $4.93 billion.

πŸ“ˆ Invesco Ltd. lifted its holdings by 28.1% in Q4, now owning 12.6 million shares worth $2.16 billion.

πŸ“ˆ Dimensional Fund Advisors LP increased its stake by 36.8% in Q3 to own 6.55 million shares.

πŸ“‰ EVP Heather S. Ace sold 3,200 shares for $569,024 under a pre-arranged trading plan on May 4th.

πŸ“‰ EVP Akash J. Palkhiwala sold 2,500 shares for $493,375 under a pre-arranged trading plan on June 11th.

πŸ’° Corporate insiders have collectively sold 21,806 shares valued at $3.93 million in the last 90 days.

πŸ“‰ Qualcomm reported Q1 revenue of $10.60 billion, which was down 3.5% compared to the previous year.

βœ… The company beat Q1 earnings estimates with $2.65 EPS versus a consensus of $2.56.

πŸ’Έ Qualcomm initiated a new $20 billion share buyback program authorized on March 17th.

πŸ“œ The board approved the buyback to reacquire up to 14.5% of outstanding shares via open market purchases.

πŸ’΅ The quarterly dividend was increased to $0.92 per share, paid on June 25th to shareholders of record on June 4th.

πŸ“ˆ Analysts forecast full-year earnings of $7.96 for Qualcomm Incorporated.

Bullish Signals
  • Major institutional investors including Norges Bank, Wellington Management, Geode Capital, Invesco, and Dimensional Fund Advisors all increased their stakes in QCOM during the last two quarters.
  • Qualcomm beat Q1 earnings expectations with $2.65 EPS compared to the analyst consensus of $2.56.
  • The company initiated a substantial $20 billion share buyback program, signaling management confidence in the stock's valuation.
  • Qualcomm raised its quarterly dividend from $0.89 to $0.92 per share, increasing the annualized yield to 1.9%.
  • Institutional ownership remains strong at 74.35%, indicating continued confidence from large asset managers.
Risk Factors
  • Qualcomm's quarterly revenue declined by 3.5% year-over-year to $10.60 billion, indicating potential softness in demand or pricing pressure.
  • Corporate insiders sold a total of 21,806 shares valued at $3.93 million over the last 90 days, though these were pre-arranged trades.
Full Analysis
Qualcomm Incorporated (NASDAQ:QCOM) saw significant institutional activity in recent quarters, highlighted by Diamant Asset Management Inc. boosting its stake by over 10,000% to own 453,950 shares valued at $58.46 million. Major investors including Norges Bank, Wellington Management Group, Geode Capital Management, Invesco Ltd., and Dimensional Fund Advisors also increased their holdings, with combined institutional ownership standing at 74.35% of the company's stock. On the insider trading front, Executive Vice Presidents Heather S. Ace and Akash J. Palkhiwala sold portions of their holdings in May and June under pre-arranged Rule 10b5-1 plans. In total, corporate insiders sold 21,806 shares valued at approximately $3.93 million over the last 90 days, though they still maintain a small aggregate ownership of 0.05%. Financially, Qualcomm reported Q1 earnings of $2.65 EPS, beating analyst estimates of $2.56, with revenue of $10.60 billion slightly down 3.5% year-over-year. The company recently initiated a $20 billion share buyback program and increased its quarterly dividend to $0.92 per share, reflecting a yield of 1.9% and a payout ratio of 40%. The stock currently trades at a market cap of $199.62 billion with a P/E ratio of 20.59. Analysts project full-year earnings of $7.96, while the company has provided Q3 2026 guidance ranging between $2.10 and $2.30 per share. The firm continues to leverage its Snapdragon platforms and patent licensing business across automotive, IoT, and mobile sectors.