Private Wealth Partners LLC Has $15.03 Million Stock Position in Qualcomm Incorporated $QCOM

Private Wealth Partners LLC lowered its position in Qualcomm Incorporated (NASDAQ:QCOM) by 2.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 116,736 shares of the wireless technology company’s stock after selling 3,349 shares during the period. Qualcomm makes up about 1.2% of Private Wealth Partners LLC’s portfolio, making the stock its 25th largest position. Private Wealth Partners LLC’s holdings in Qualcomm were worth $15,033,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in QCOM. Integral Investment Advisors Inc. lifted its holdings in shares of Qualcomm by 23.9% during the 1st quarter. Integral Investment Advisors Inc. now owns 13,666 shares of the wireless technology company’s stock valued at $1,760,000 after purchasing an additional 2,635 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Qualcomm by 1.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 10,171 shares of the wireless technology company’s stock worth $1,310,000 after purchasing an additional 178 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Qualcomm by 7.2% during the 1st quarter. V Square Quantitative Management LLC now owns 9,972 shares of the wireless technology company’s stock worth $1,284,000 after purchasing an additional 668 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Qualcomm by 1.8% during the 1st quarter. QRG Capital Management Inc. now owns 181,717 shares of the wireless technology company’s stock worth $23,401,000 after buying an additional 3,196 shares during the period. Finally, Burford Brothers Inc. raised its holdings in Qualcomm by 50.6% during the 1st quarter. Burford Brothers Inc. now owns 6,262 shares of the wireless technology company’s stock worth $806,000 after buying an additional 2,103 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Buying and Selling at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the transaction, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. This represents a 7.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the firm’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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 21,721 shares of company stock valued at $3,918,290. Corporate insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Qualcomm from $160.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Susquehanna raised their price objective on shares of Qualcomm from $160.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Argus set a $220.00 price objective on shares of Qualcomm in a research report on Friday, May 1st. Morgan Stanley raised shares of Qualcomm from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $146.00 to $231.00 in a research note on Thursday, June 25th. Finally, Sanford C. Bernstein increased their target price on Qualcomm from $140.00 to $235.00 and gave the stock a “market perform” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given 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, the company has an average rating of “Hold” and a consensus price target of $220.45.

Qualcomm Price Performance

NASDAQ QCOM opened at $176.25 on Friday. The firm’s 50 day moving average is $205.65 and its 200-day moving average is $167.95. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The company 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. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS 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%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities research analysts anticipate that Qualcomm Incorporated will post 7.96 earnings per share for the current fiscal year.

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

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.