Galvin Gaustad & Stein LLC Acquires New Shares in Qualcomm Incorporated $QCOM

Galvin Gaustad & Stein LLC acquired a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) in the fourth quarter, Holdings Channel reports. The fund acquired 73,782 shares of the wireless technology company’s stock, valued at approximately $12,620,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QCOM. Wellington Management Group LLP boosted its position in Qualcomm by 141.8% during the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock valued at $2,069,059,000 after purchasing an additional 7,292,783 shares during the period. Dimensional Fund Advisors LP boosted its position in Qualcomm by 36.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock valued at $1,090,025,000 after purchasing an additional 1,764,252 shares during the period. Viking Global Investors LP boosted its position in Qualcomm by 120.1% during the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after purchasing an additional 1,720,529 shares during the period. Rafferty Asset Management LLC boosted its position in Qualcomm by 59.1% during the 2nd quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock valued at $703,675,000 after purchasing an additional 1,641,068 shares during the period. Finally, Van ECK Associates Corp boosted its position in Qualcomm by 18.3% during the 3rd quarter. Van ECK Associates Corp now owns 9,050,717 shares of the wireless technology company’s stock valued at $1,505,677,000 after purchasing an additional 1,397,466 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction 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 owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. The trade was a 16.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $130.34, for a total value of $325,850.00. Following the completion of the sale, the executive vice president directly owned 30,684 shares in the company, valued at $3,999,352.56. This represents a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,118 shares of company stock worth $1,233,705 in the last three months. Company insiders own 0.05% of the company’s stock.

Qualcomm Stock Up 2.5%

Shares of Qualcomm stock opened at $131.24 on Tuesday. The business’s fifty day moving average price is $135.14 and its two-hundred day moving average price is $157.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The company has a market capitalization of $140.03 billion, a P/E ratio of 27.12 and a beta of 1.28. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $205.95.

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

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on QCOM shares. UBS Group restated a “neutral” rating on shares of Qualcomm in a research report on Monday, February 2nd. Mizuho cut their target price on Qualcomm from $160.00 to $140.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Loop Capital raised Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 target price on the stock in a research note on Tuesday, February 24th. Daiwa Securities Group downgraded Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 target price on the stock. in a research note on Wednesday, February 11th. Finally, TD Cowen cut their target price on Qualcomm from $190.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $163.77.

Qualcomm 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.