Mosaic Family Wealth Partners LLC Buys Shares of 3,147 Qualcomm Incorporated $QCOM

Mosaic Family Wealth Partners LLC bought a new position in Qualcomm Incorporated (NASDAQ:QCOMFree Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 3,147 shares of the wireless technology company’s stock, valued at approximately $405,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Baker Tilly Wealth Management LLC boosted its position in shares of Qualcomm by 1.0% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock valued at $1,095,000 after acquiring an additional 64 shares during the last quarter. Dakota Community Bank & Trust NA increased its position in Qualcomm by 3.6% during the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock worth $316,000 after purchasing an additional 65 shares during the last quarter. Burns J W & Co. Inc. NY raised its stake in Qualcomm by 2.1% during the fourth quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock worth $556,000 after purchasing an additional 66 shares during the period. S.A. Mason LLC raised its stake in Qualcomm by 5.9% during the fourth quarter. S.A. Mason LLC now owns 1,192 shares of the wireless technology company’s stock worth $204,000 after purchasing an additional 66 shares during the period. Finally, Marion Wealth Management raised its stake in Qualcomm by 4.5% during the fourth quarter. Marion Wealth Management now owns 1,567 shares of the wireless technology company’s stock worth $244,000 after purchasing an additional 67 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Qualcomm

In related news, CEO Cristiano R. Amon sold 10,000 shares of the company’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 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 $35,562,240. This represents a 4.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $197.35, for a total transaction of $493,375.00. Following the sale, the executive vice president owned 25,684 shares in the company, valued at approximately $5,068,737.40. This trade represents a 8.87% decrease in their ownership of the stock. 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 a total of 21,721 shares of company stock worth $3,918,290 over the last ninety days. Company insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

QCOM has been the subject of several analyst reports. Melius Research set a $220.00 price target on shares of Qualcomm in a research note on Monday, May 18th. UBS Group lifted their price target on shares of Qualcomm from $170.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Bank of America upped their price objective on Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a report on Tuesday, June 23rd. Morgan Stanley upgraded Qualcomm from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $146.00 to $231.00 in a research report on Thursday, June 25th. Finally, Cantor Fitzgerald set a $220.00 target price on Qualcomm and gave the company a “neutral” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $220.45.

Get Our Latest Analysis on Qualcomm

Qualcomm Trading Down 1.0%

NASDAQ:QCOM traded down $1.95 during trading hours on Friday, reaching $189.16. 7,059,391 shares of the stock were exchanged, compared to its average volume of 19,346,306. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. 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 business has a 50-day moving average of $209.59 and a two-hundred day moving average of $168.36. The company has a market capitalization of $199.37 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 5.69 and a beta of 1.63.

Qualcomm (NASDAQ:QCOMGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.09. The firm had revenue of $10.60 billion for 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% compared to the same quarter last year. 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. On average, equities analysts predict that Qualcomm Incorporated will post 7.96 EPS for the current year.

Qualcomm declared that its board has initiated a share buyback plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

Qualcomm Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Qualcomm (NASDAQ:QCOM)

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