Galvin Gaustad & Stein LLC Takes $12.62 Million Position in Qualcomm Incorporated $QCOM

Key Points

• Galvin Gaustad & Stein LLC bought a new stake of 73,782 shares in Qualcomm in Q4, valued at approximately $12.62 million.
• Qualcomm beat quarterly estimates with $3.50 EPS and $12.25 billion in revenue, provided Q2 2026 guidance of $2.45–$2.65 EPS, and its board authorized a $20.0 billion share buyback (up to 14.5% of shares).
• Institutional investors own 74.35% of Qualcomm, while company insiders hold only 0.05% and sold 9,118 shares (~$1.23 million) over the last quarter.

Galvin Gaustad & Stein LLC bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 73,782 shares of the wireless technology company's stock, valued at approximately $12,620,000.

A number of other large investors have also modified their holdings of QCOM. Wellington Management Group LLP grew its stake in shares of Qualcomm by 141.8% in the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company's stock valued at $2,069,059,000 after buying an additional 7,292,783 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Qualcomm by 36.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company's stock valued at $1,090,025,000 after purchasing an additional 1,764,252 shares in the last quarter. Viking Global Investors LP grew its stake in Qualcomm by 120.1% during the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company's stock valued at $502,125,000 after purchasing an additional 1,720,529 shares in the last quarter. Rafferty Asset Management LLC grew its stake in Qualcomm by 59.1% during the 2nd quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company's stock valued at $703,675,000 after purchasing an additional 1,641,068 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in 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 valued at $1,505,677,000 after purchasing an additional 1,397,466 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Buying and Selling

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $3,999,352.56. The trade was a 7.53% decrease in their position. The sale was disclosed in a legal 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, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction that occurred on Monday, February 9th. The shares were 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 owned 16,393 shares of the company's stock, valued at $2,245,841. This trade represents a 16.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,118 shares of company stock valued at $1,233,705 over the last quarter. Company insiders own 0.05% of the company's stock.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of recent analyst reports. TD Cowen lowered their price objective on Qualcomm from $190.00 to $150.00 and set a "buy" rating for the company in a research note on Thursday, February 5th. Piper Sandler restated an "overweight" rating and set a $200.00 price objective on shares of Qualcomm in a research note on Thursday, February 5th. The Goldman Sachs Group initiated coverage on Qualcomm in a research note on Monday, March 30th. They set a "neutral" rating and a $135.00 price objective for the company. Susquehanna lowered Qualcomm from a "positive" rating to a "neutral" rating and set a $140.00 price objective for the company. in a research note on Thursday, February 5th. Finally, UBS Group restated a "neutral" rating on shares of Qualcomm in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $163.77.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $131.24 on Tuesday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $205.95. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $140.03 billion, a price-to-earnings ratio of 27.12 and a beta of 1.28. The business has a 50 day simple moving average of $135.14 and a 200-day simple moving average of $157.25.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $12.16 billion. During the same period in the previous year, the business earned $3.41 EPS. The business's quarterly revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities research analysts expect that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

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

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.

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