Wilsey Asset Management Inc. Raises Stock Position in Qualcomm Incorporated $QCOM

Wilsey Asset Management Inc. boosted its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 10,383.2% in the first quarter, HoldingsChannel.com reports. The firm owned 282,313 shares of the wireless technology company’s stock after buying an additional 279,620 shares during the period. Qualcomm accounts for about 5.7% of Wilsey Asset Management Inc.’s investment portfolio, making the stock its 9th largest holding. Wilsey Asset Management Inc.’s holdings in Qualcomm were worth $36,356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Richardson Financial Services Inc. raised its holdings in Qualcomm by 90.9% during 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 during the last quarter. Torren Management LLC bought a new stake in shares of Qualcomm in the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd increased 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 worth $29,000 after buying an additional 170 shares during the period. Birchwood Financial Partners Inc. bought a new position in Qualcomm during the fourth quarter worth $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in Qualcomm in the fourth quarter valued at $32,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the transaction, the chief executive officer owned 197,568 shares of the company’s stock, valued at $35,562,240. The trade was a 4.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the sale, the executive vice president owned 39,735 shares of the company’s stock, valued at $7,065,677.70. This trade represents a 7.45% decrease in their position. 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 21,721 shares of company stock worth $3,918,290 over the last three months. Company insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of research analyst reports. Guggenheim set a $200.00 price target on shares of Qualcomm in a research report on Monday, June 22nd. Argus set a $220.00 price objective on Qualcomm in a research note on Friday, May 1st. HSBC initiated coverage on Qualcomm in a research report on Friday, May 8th. They set a “buy” rating on the stock. DZ Bank raised Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 target price for the company in a research note on Friday, June 26th. Finally, Royal Bank Of Canada lifted their target price on Qualcomm from $175.00 to $250.00 and gave the stock a “sector perform” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $220.45.

Qualcomm Stock Performance

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

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. The business 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%.The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities research analysts expect that Qualcomm Incorporated will post 7.96 EPS for the current fiscal year.

Qualcomm declared that its board has authorized a stock repurchase program on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.