Greatmark Investment Partners Inc. Has $23.48 Million Stake in Qualcomm Incorporated $QCOM

Greatmark Investment Partners Inc. raised its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 2.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 182,367 shares of the wireless technology company’s stock after acquiring an additional 3,996 shares during the quarter. Qualcomm comprises 2.8% of Greatmark Investment Partners Inc.’s holdings, making the stock its 12th biggest holding. Greatmark Investment Partners Inc.’s holdings in Qualcomm were worth $23,485,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of QCOM. Richardson Financial Services Inc. raised its holdings in Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 80 shares in the last quarter. Torren Management LLC bought a new stake in shares of Qualcomm during the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. bought a new position in shares of Qualcomm in the fourth quarter valued at $31,000. Finally, Glass Jacobson Investment Advisors llc increased its holdings in Qualcomm by 113.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock worth $32,000 after buying an additional 101 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Stock Up 5.8%

Shares of NASDAQ QCOM opened at $186.48 on Tuesday. The stock has a market capitalization of $196.55 billion, a P/E ratio of 20.27, a PEG ratio of 5.24 and a beta of 1.63. The stock’s fifty day moving average is $205.65 and its 200 day moving average is $167.87. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37.

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

Insider Activity

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $130.34, for a total transaction of $325,850.00. Following the completion of the sale, the executive vice president owned 30,684 shares of the company’s stock, valued at approximately $3,999,352.56. This represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. 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 have sold a total of 21,721 shares of company stock valued at $3,918,290 over the last quarter. 0.05% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on QCOM. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 price target on shares of Qualcomm in a research note on Thursday, April 30th. Lake Street Capital cut Qualcomm to a “hold” rating in a research note on Thursday, June 25th. Argus set a $220.00 price objective on shares of Qualcomm in a report on Friday, May 1st. Raymond James Financial started coverage on shares of Qualcomm in a research report on Thursday, June 25th. They issued a “strong-buy” rating on the stock. Finally, Evercore set a $179.00 target price on shares of Qualcomm in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $220.45.

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.