Freestone Capital Holdings LLC Has $17.84 Million Stock Holdings in Qualcomm Incorporated $QCOM

Key Points

• Freestone Capital Holdings LLC increased its stake in Qualcomm by 5.9% to 104,293 shares worth $17.84 million after buying an additional 5,827 shares in the quarter.
• Qualcomm’s board authorized a $20.0 billion stock buyback, allowing the company to repurchase up to about 14.5% of its shares, signaling management believes the stock is undervalued.
• Qualcomm beat quarterly expectations with $3.50 EPS vs. $3.38 expected and $12.25 billion in revenue (up 4.7% year-over-year), and set Q2 2026 guidance of $2.45–$2.65 EPS.

Freestone Capital Holdings LLC lifted its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 5.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 104,293 shares of the wireless technology company's stock after buying an additional 5,827 shares during the period. Freestone Capital Holdings LLC's holdings in Qualcomm were worth $17,839,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Amundi raised its holdings in shares of Qualcomm by 9.9% during the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company's stock worth $2,136,486,000 after buying an additional 1,138,541 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Qualcomm by 141.8% during the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company's stock worth $2,069,059,000 after buying an additional 7,292,783 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Qualcomm by 2.3% during the 3rd quarter. Invesco Ltd. now owns 9,874,113 shares of the wireless technology company's stock worth $1,642,657,000 after buying an additional 220,209 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Qualcomm by 0.4% during the 3rd quarter. Legal & General Group Plc now owns 9,207,183 shares of the wireless technology company's stock worth $1,531,707,000 after buying an additional 38,452 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Qualcomm by 18.3% during the 3rd quarter. Van ECK Associates Corp now owns 9,050,717 shares of the wireless technology company's stock worth $1,505,677,000 after buying an additional 1,397,466 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Qualcomm Stock Up 2.5%

Shares of Qualcomm stock opened at $131.24 on Tuesday. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $205.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The stock's 50-day moving average is $135.14 and its 200 day moving average is $157.25. The firm has a market cap of $140.03 billion, a price-to-earnings ratio of 27.12 and a beta of 1.28.

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

Qualcomm announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction on Monday, April 13th. The stock was sold at an average price of $130.34, for a total value of $325,850.00. Following the completion of the sale, the executive vice president directly owned 30,684 shares of the company's stock, valued at $3,999,352.56. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 firm's stock in a transaction 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 completion of the sale, the executive vice president directly 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 9,118 shares of company stock worth $1,233,705 over the last quarter. 0.05% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Qualcomm from $195.00 to $185.00 and set an "overweight" rating for the company in a report on Thursday, February 5th. Seaport Research Partners reaffirmed a "sell" rating and issued a $100.00 target price on shares of Qualcomm in a report on Monday, March 16th. Daiwa Securities Group cut Qualcomm from an "outperform" rating to a "neutral" rating and set a $140.00 target price for the company. in a report on Wednesday, February 11th. Susquehanna cut Qualcomm from a "positive" rating to a "neutral" rating and set a $140.00 target price for the company. in a report on Thursday, February 5th. Finally, Cantor Fitzgerald lowered their target price on Qualcomm from $185.00 to $160.00 and set a "neutral" rating for the company in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $163.77.

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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