Ascentis Independent Advisors Grows Stock Holdings in Qualcomm Incorporated $QCOM

Ascentis Independent Advisors grew its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 81.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,656 shares of the wireless technology company’s stock after acquiring an additional 9,286 shares during the period. Ascentis Independent Advisors’ holdings in Qualcomm were worth $2,660,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Certified Advisory Corp raised its stake in shares of Qualcomm by 0.6% during the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock valued at $1,678,000 after purchasing an additional 62 shares during the period. ProVise Management Group LLC boosted its stake in shares of Qualcomm by 2.6% in the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock valued at $426,000 after purchasing an additional 64 shares during the period. Baker Tilly Wealth Management LLC grew its holdings in Qualcomm by 1.0% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock valued at $1,095,000 after purchasing an additional 64 shares in the last quarter. Dakota Community Bank & Trust NA grew its holdings in Qualcomm by 3.6% during 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 in the last quarter. Finally, Burns J W & Co. Inc. NY increased its stake in Qualcomm by 2.1% during the 4th quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock worth $556,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm Price Performance

NASDAQ:QCOM opened at $176.25 on Monday. The firm has a market capitalization of $185.77 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 5.24 and a beta of 1.63. The stock has a 50 day moving average of $205.65 and a 200-day moving average of $167.87. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts predict that Qualcomm Incorporated will post 7.96 EPS for the current year.

Qualcomm announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the wireless technology company to reacquire up to 14.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $197.35, for a total value of $493,375.00. Following the completion of the sale, the executive vice president owned 25,684 shares in the company, valued at approximately $5,068,737.40. This represents a 8.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 21,721 shares of company stock valued at $3,918,290. 0.05% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on QCOM shares. HSBC assumed coverage on shares of Qualcomm in a report on Friday, May 8th. They issued a “buy” rating on the stock. The Goldman Sachs Group initiated coverage on Qualcomm in a research report on Thursday, June 25th. They set a “neutral” rating on the stock. Oppenheimer cut Qualcomm from a “market perform” rating to a “market perform” rating in a research note on Friday, May 8th. Guggenheim set a $200.00 price target on Qualcomm in a report on Monday, June 22nd. Finally, Barclays upgraded Qualcomm from an “underweight” rating to an “overweight” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and an average price target of $220.45.

About Qualcomm

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.