Sather Financial Group Inc Purchases 11,761 Shares of Qualcomm Incorporated $QCOM

Sather Financial Group Inc boosted its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 3.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 370,122 shares of the wireless technology company’s stock after purchasing an additional 11,761 shares during the quarter. Qualcomm makes up 2.9% of Sather Financial Group Inc’s portfolio, making the stock its 13th largest position. Sather Financial Group Inc’s holdings in Qualcomm were worth $47,664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Richardson Financial Services Inc. lifted its holdings in Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Torren Management LLC purchased a new stake in Qualcomm during the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd raised its position in shares of Qualcomm by 17,000.0% during the fourth 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 stake in shares of Qualcomm during the fourth quarter valued at approximately $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in shares of Qualcomm in the fourth quarter worth $32,000. 74.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

QCOM has been the subject of several research analyst reports. Tigress Financial raised their target price on shares of Qualcomm from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Benchmark boosted their price target on shares of Qualcomm from $225.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. TD Cowen reissued a “buy” rating and set a $200.00 price objective on shares of Qualcomm in a report on Thursday, June 25th. Freedom Capital lowered Qualcomm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Morgan Stanley raised Qualcomm from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $146.00 to $231.00 in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Qualcomm has an average rating of “Hold” and a consensus target price of $220.45.

Qualcomm Trading Down 3.4%

Shares of NASDAQ QCOM traded down $6.30 during trading hours on Tuesday, hitting $180.18. 4,384,667 shares of the company traded hands, compared to its average volume of 16,989,277. The company’s 50 day moving average price is $205.65 and its 200 day moving average price is $167.87. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The stock has a market capitalization of $189.91 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 5.24 and a beta of 1.63. 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 issued its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The company had revenue of $10.60 billion during 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%.Qualcomm’s revenue was down 3.5% on a year-over-year basis. During the same period last year, the company earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, equities research analysts anticipate that Qualcomm Incorporated will post 7.96 earnings per share for the current fiscal year.

Qualcomm declared that its board has initiated a share buyback plan 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 stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm 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 of the company’s stock, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their position. The transaction was disclosed in a document filed 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, 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 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 worth $3,918,290 over the last 90 days. Insiders own 0.05% of the company’s stock.

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.