Third View Private Wealth LLC Takes $3.81 Million Position in Qualcomm Incorporated $QCOM

Third View Private Wealth LLC bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 22,285 shares of the wireless technology company’s stock, valued at approximately $3,812,000.

Several other large investors also recently made changes to their positions in the company. Amundi grew its stake in shares of Qualcomm by 9.9% in the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after buying an additional 1,138,541 shares during the period. Wellington Management Group LLP grew its stake in shares of Qualcomm by 141.8% in 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 buying an additional 7,292,783 shares during the period. Invesco Ltd. boosted its stake in Qualcomm by 2.3% during the 3rd quarter. Invesco Ltd. now owns 9,874,113 shares of the wireless technology company’s stock valued at $1,642,657,000 after purchasing an additional 220,209 shares during the last quarter. Legal & General Group Plc boosted its stake in Qualcomm by 0.4% during the 3rd quarter. Legal & General Group Plc now owns 9,207,183 shares of the wireless technology company’s stock valued at $1,531,707,000 after purchasing an additional 38,452 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake 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 last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Price Performance

Qualcomm stock opened at $131.24 on Tuesday. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $205.95. The company’s 50 day moving average price is $135.14 and its two-hundred day moving average price is $157.25. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The stock has a market cap of $140.03 billion, a P/E ratio of 27.12 and a beta of 1.28.

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

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

Analysts Set New Price Targets

QCOM has been the subject of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and set a $200.00 price target on shares of Qualcomm in a research note on Thursday, February 5th. Citigroup reiterated a “neutral” rating on shares of Qualcomm in a research note on Thursday, January 15th. Seaport Research Partners reiterated a “sell” rating and set a $100.00 price target on shares of Qualcomm in a research note on Monday, March 16th. TD Cowen cut their price target on Qualcomm from $190.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Finally, Mizuho cut their price target on Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $163.77.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 3,333 shares of Qualcomm stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the transaction, the executive vice president owned 35,599 shares of the company’s stock, valued at $4,900,202.35. This trade represents a 8.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. This represents a 16.33% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,118 shares of company stock worth $1,233,705. Insiders own 0.05% of the company’s stock.

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.