Qualcomm Incorporated $QCOM Stock Position Lifted by Econ Financial Services Corp

Econ Financial Services Corp increased its position in Qualcomm Incorporated (NASDAQ:QCOM) by 101.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,668 shares of the wireless technology company’s stock after acquiring an additional 11,934 shares during the period. Qualcomm makes up 2.0% of Econ Financial Services Corp’s portfolio, making the stock its 13th biggest position. Econ Financial Services Corp’s holdings in Qualcomm were worth $4,048,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of QCOM. LeConte Wealth Management LLC boosted its holdings in shares of Qualcomm by 10.0% in the fourth quarter. LeConte Wealth Management LLC now owns 1,667 shares of the wireless technology company’s stock valued at $285,000 after acquiring an additional 152 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Qualcomm by 9.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 26,723 shares of the wireless technology company’s stock worth $4,571,000 after purchasing an additional 2,212 shares during the period. Jamison Private Wealth Management Inc. boosted its stake in Qualcomm by 1.0% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 59,126 shares of the wireless technology company’s stock valued at $10,114,000 after purchasing an additional 583 shares in the last quarter. Foster & Motley Inc. increased its position in shares of Qualcomm by 10.1% during the 4th quarter. Foster & Motley Inc. now owns 44,311 shares of the wireless technology company’s stock valued at $7,579,000 after purchasing an additional 4,051 shares during the period. Finally, Royal Fund Management LLC raised its stake in shares of Qualcomm by 17.4% in the 4th quarter. Royal Fund Management LLC now owns 64,434 shares of the wireless technology company’s stock worth $11,028,000 after buying an additional 9,557 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QCOM has been the topic of several recent research reports. Wall Street Zen cut shares of Qualcomm from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. UBS Group reissued a “neutral” rating on shares of Qualcomm in a research note on Monday, February 2nd. Wells Fargo & Company upgraded shares of Qualcomm from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $135.00 to $185.00 in a report on Tuesday, February 24th. Susquehanna cut Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 target price on the stock. in a report on Thursday, February 5th. Finally, Mizuho decreased their price objective on Qualcomm from $160.00 to $140.00 and set a “neutral” 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 assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $163.77.

Insiders Place Their Bets

In related news, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the sale, the executive vice president owned 35,599 shares in the company, valued at approximately $4,900,202.35. This represents a 8.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the sale, the executive vice president directly owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 9,866 shares of company stock worth $1,474,796. 0.05% of the stock is currently owned by insiders.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $128.78 on Wednesday. The firm has a market capitalization of $137.41 billion, a price-to-earnings ratio of 26.61 and a beta of 1.25. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. Qualcomm Incorporated has a one year low of $120.80 and a one year high of $205.95. The business has a fifty day simple moving average of $139.97 and a 200 day simple moving average of $159.81.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating 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 business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Sell-side analysts expect that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, March 5th. Qualcomm’s dividend payout ratio (DPR) is currently 73.55%.

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

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.