Meridian Investment Counsel Inc. Has $3.01 Million Stock Holdings in Qualcomm Incorporated $QCOM

Meridian Investment Counsel Inc. trimmed its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,359 shares of the wireless technology company’s stock after selling 3,685 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in Qualcomm were worth $3,008,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Brighton Jones LLC grew its stake in Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after buying an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Qualcomm by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after purchasing an additional 340 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of Qualcomm by 44.3% in the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after purchasing an additional 1,020 shares during the last quarter. Main Street Financial Solutions LLC increased its stake in shares of Qualcomm by 6.1% during the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock worth $920,000 after purchasing an additional 333 shares during the period. Finally, Transamerica Financial Advisors LLC lifted its holdings in Qualcomm by 9.7% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock worth $1,083,000 after purchasing an additional 603 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $176.25 on Monday. The company has a market cap of $185.77 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 5.24 and a beta of 1.63. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two 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. The stock has a fifty day moving average price of $205.65 and a 200-day moving average price of $167.87.

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 analysts’ consensus estimates of $2.56 by $0.09. The company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities analysts anticipate that Qualcomm Incorporated will post 7.96 EPS 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 Heather S. Ace sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the transaction, the executive vice president directly owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their position. The sale was disclosed in a filing 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 company’s 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 sale, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. This trade represents a 4.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,721 shares of company stock valued at $3,918,290 in the last 90 days. 0.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of research reports. Zacks Research raised Qualcomm from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Robert W. Baird set a $300.00 target price on shares of Qualcomm in a research report on Friday, May 1st. JPMorgan Chase & Co. upped their price target on shares of Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a research note on Friday, June 5th. Seaport Research Partners reiterated a “sell” rating and issued a $100.00 price objective on shares of Qualcomm in a research note on Monday, March 16th. Finally, TD Cowen reissued a “buy” rating and issued a $200.00 price objective on shares of Qualcomm in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $220.45.

About Qualcomm

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.