Cornerstone Wealth Group LLC Purchases 5,586 Shares of Qualcomm Incorporated $QCOM

Cornerstone Wealth Group LLC boosted its position in Qualcomm Incorporated (NASDAQ:QCOM) by 14.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 44,355 shares of the wireless technology company’s stock after buying an additional 5,586 shares during the period. Cornerstone Wealth Group LLC’s holdings in Qualcomm were worth $7,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Dakota Community Bank & Trust NA boosted its stake in Qualcomm by 3.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock valued at $316,000 after purchasing an additional 65 shares during the period. CWM LLC boosted its stake in Qualcomm by 5.1% in the 4th quarter. CWM LLC now owns 206,117 shares of the wireless technology company’s stock valued at $35,256,000 after purchasing an additional 9,958 shares during the period. Diversified Management Inc. bought a new stake in Qualcomm in the 4th quarter valued at $520,000. Childress Capital Advisors LLC boosted its stake in Qualcomm by 9.0% in the 4th quarter. Childress Capital Advisors LLC now owns 5,058 shares of the wireless technology company’s stock valued at $865,000 after purchasing an additional 419 shares during the period. Finally, KBC Group NV boosted its stake in Qualcomm by 13.5% in the 4th quarter. KBC Group NV now owns 1,330,021 shares of the wireless technology company’s stock valued at $227,501,000 after purchasing an additional 158,710 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $133.05 on Thursday. The stock has a fifty day moving average price of $134.54 and a 200-day moving average price of $156.83. The company has a market cap of $141.96 billion, a price-to-earnings ratio of 27.49 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. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $205.95.

Qualcomm (NASDAQ:QCOM) last posted its quarterly 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. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The company had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. During the same quarter in the previous year, the firm earned $3.41 EPS. Qualcomm’s revenue 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, equities analysts anticipate that Qualcomm Incorporated will post 9.39 EPS for the current fiscal year.

Qualcomm declared that its board has approved a share repurchase 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 buy up to 14.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, EVP Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the transaction, the executive vice president owned 35,599 shares of the company’s stock, valued at approximately $4,900,202.35. The trade was a 8.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the executive vice president directly owned 16,393 shares of the company’s stock, valued at $2,245,841. This trade represents a 16.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,118 shares of company stock valued at $1,233,705 in the last three months. 0.05% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on QCOM shares. Daiwa Securities Group downgraded Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research note on Wednesday, February 11th. Argus cut their target price on Qualcomm from $205.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Cantor Fitzgerald cut their target price on Qualcomm from $185.00 to $160.00 and set a “neutral” rating for the company 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 for the company in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. cut their target price on Qualcomm from $195.00 to $185.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently 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.