Westbourne Investments Inc. Makes New Investment in Qualcomm Incorporated $QCOM

Westbourne Investments Inc. purchased a new position in Qualcomm Incorporated (NASDAQ:QCOM) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 48,000 shares of the wireless technology company’s stock, valued at approximately $8,210,000. Qualcomm makes up approximately 3.8% of Westbourne Investments Inc.’s holdings, making the stock its 3rd largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Qualcomm during the second quarter worth about $3,896,000. Inscription Capital LLC grew its holdings in Qualcomm by 58.1% during the 3rd quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock valued at $2,172,000 after buying an additional 4,799 shares in the last quarter. Savvy Advisors Inc. grew its holdings in Qualcomm by 43.3% during the 4th quarter. Savvy Advisors Inc. now owns 19,102 shares of the wireless technology company’s stock valued at $3,267,000 after buying an additional 5,776 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Qualcomm by 1.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company’s stock valued at $167,082,000 after buying an additional 16,738 shares in the last quarter. Finally, Simplify Asset Management Inc. purchased a new position in Qualcomm during the 3rd quarter valued at approximately $725,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In other news, EVP Akash J. Palkhiwala sold 3,333 shares of Qualcomm stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $137.65, for a total value of $458,787.45. Following the completion of the transaction, the executive vice president owned 35,599 shares in the company, valued at approximately $4,900,202.35. The trade was a 8.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares of the company’s stock, valued at $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 6,618 shares of company stock valued at $907,855. Company insiders own 0.05% of the company’s stock.

Qualcomm Price Performance

Shares of Qualcomm stock opened at $127.51 on Thursday. The stock has a market cap of $136.05 billion, a price-to-earnings ratio of 26.35 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. The stock has a 50 day moving average price of $136.53 and a 200-day moving average price of $158.22. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $205.95.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. The firm had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities analysts expect that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm announced that its Board of Directors has initiated a share buyback program on Tuesday, March 17th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were issued a $0.89 dividend. The ex-dividend date was Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.8%. Qualcomm’s payout ratio is 73.55%.

Analysts Set New Price Targets

QCOM has been the subject of several research analyst reports. Seaport Research Partners restated a “sell” rating and set a $100.00 price target on shares of Qualcomm in a report on Monday, March 16th. The Goldman Sachs Group initiated coverage on Qualcomm in a report on Monday, March 30th. They set a “neutral” rating and a $135.00 price target for the company. Evercore cut their price target on Qualcomm from $157.00 to $134.00 and set an “in-line” rating for the company in a report on Thursday, February 5th. Rosenblatt Securities cut their price target on Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, Argus cut their price target on Qualcomm from $205.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $163.77.

Qualcomm Company Profile

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.