Cornerstone Wealth Group LLC Has $7.59 Million Stock Holdings in Qualcomm Incorporated $QCOM

Key Points

• Cornerstone Wealth Group increased its Qualcomm stake by 14.4% in Q4 to 44,355 shares, now worth about $7.59 million.
• Qualcomm topped quarterly estimates (EPS $3.50 vs. $3.38; revenue $12.25B), set Q2 guidance of $2.45–$2.65, and its board authorized a $20 billion share buyback (≈14.5% of stock).
• The street consensus is a "Hold" with a $163.77 price target; institutional investors own 74.35% of shares, while insiders sold 9,118 shares (~$1.23M) over the last quarter.

Cornerstone Wealth Group LLC boosted its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,355 shares of the wireless technology company's stock after buying an additional 5,586 shares during the quarter. Cornerstone Wealth Group LLC's holdings in Qualcomm were worth $7,587,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dakota Community Bank & Trust NA raised its position in Qualcomm by 3.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company's stock valued at $316,000 after buying an additional 65 shares during the last quarter. CWM LLC raised its position in Qualcomm by 5.1% in the 4th quarter. CWM LLC now owns 206,117 shares of the wireless technology company's stock valued at $35,256,000 after buying an additional 9,958 shares during the last quarter. Diversified Management Inc. acquired a new stake in Qualcomm in the 4th quarter valued at approximately $520,000. Childress Capital Advisors LLC raised its position in Qualcomm by 9.0% in the 4th quarter. Childress Capital Advisors LLC now owns 5,058 shares of the wireless technology company's stock valued at $865,000 after buying an additional 419 shares during the last quarter. Finally, KBC Group NV raised its position in Qualcomm by 13.5% in the 4th quarter. KBC Group NV now owns 1,330,021 shares of the wireless technology company's stock valued at $227,501,000 after buying an additional 158,710 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Seaport Research Partners restated a "sell" rating and issued a $100.00 price target on shares of Qualcomm in a research note on Monday, March 16th. Mizuho decreased their price target on Qualcomm from $160.00 to $140.00 and set a "neutral" rating for the company in a research note on Thursday, February 5th. Cantor Fitzgerald decreased their price target on Qualcomm from $185.00 to $160.00 and set a "neutral" rating for the company in a research note on Monday, February 2nd. DZ Bank upgraded Qualcomm to a "strong-buy" rating in a research note on Tuesday, February 10th. Finally, Argus decreased their price target on Qualcomm from $205.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Qualcomm presently has a consensus rating of "Hold" and a consensus price target of $163.77.

Insider Activity at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 3,333 shares of Qualcomm stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the transaction, the executive vice president directly owned 35,599 shares in the company, valued at approximately $4,900,202.35. The trade was a 8.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president owned 16,393 shares of the company's stock, valued at $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,118 shares of company stock valued at $1,233,705 over the last quarter. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $133.05 on Thursday. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $205.95. The stock has a 50 day moving average of $134.54 and a 200-day moving average of $156.83. The company has a market capitalization of $141.96 billion, a P/E ratio of 27.49 and a beta of 1.28.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.16 billion. During the same period in the previous year, the company posted $3.41 EPS. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities research analysts predict that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm announced that its board has initiated a stock buyback plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is 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.

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