Westerkirk Capital Inc. Has $7.89 Million Position in Qualcomm Incorporated $QCOM

Westerkirk Capital Inc. boosted its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 57.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 46,100 shares of the wireless technology company’s stock after acquiring an additional 16,900 shares during the quarter. Qualcomm comprises about 0.8% of Westerkirk Capital Inc.’s investment portfolio, making the stock its 28th biggest position. Westerkirk Capital Inc.’s holdings in Qualcomm were worth $7,885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QCOM. Richardson Financial Services Inc. lifted its holdings in shares of Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 80 shares during the period. Torren Management LLC bought a new position in shares of Qualcomm during the fourth quarter valued at $29,000. Glass Jacobson Investment Advisors llc lifted its holdings in shares of Qualcomm by 113.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock valued at $32,000 after acquiring an additional 101 shares during the period. Commonwealth Retirement Investments LLC bought a new position in shares of Qualcomm during the fourth quarter valued at $32,000. Finally, Board of the Pension Protection Fund bought a new position in shares of Qualcomm during the fourth quarter valued at $34,000. 74.35% of the stock is owned by institutional investors.

Qualcomm Stock Up 0.8%

Shares of NASDAQ:QCOM opened at $217.77 on Tuesday. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a 50 day moving average of $178.41 and a 200-day moving average of $163.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The stock has a market cap of $229.53 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 26.75 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM) last issued its quarterly 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. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter in the previous year, the company earned $2.85 EPS. Qualcomm’s revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, sell-side analysts forecast that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

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

Qualcomm Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, June 4th. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio is presently 40.00%.

Insider Buying and Selling

In other news, CAO Patricia Y. Grech sold 829 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the transaction, the chief executive officer owned 197,568 shares of the company’s stock, valued at $35,562,240. This represents a 4.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 19,306 shares of company stock valued at $3,435,583 over the last 90 days. 0.05% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on QCOM. The Goldman Sachs Group began coverage on Qualcomm in a report on Monday, March 30th. They set a “neutral” rating and a $135.00 price objective for the company. BNP Paribas Exane cut Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. Seaport Research Partners reissued a “sell” rating and set a $100.00 price objective on shares of Qualcomm in a report on Monday, March 16th. Benchmark lifted their price objective on Qualcomm from $200.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Oppenheimer cut Qualcomm from a “market perform” rating to a “market perform” rating in a report on Friday, May 8th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $181.79.

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.