Greatmark Investment Partners Inc. Purchases 3,996 Shares of Qualcomm Incorporated $QCOM

Key Points

• Greatmark Investment Partners increased its Qualcomm stake by 2.2% in the first quarter, buying 3,996 shares and bringing its total to 182,367 shares worth about $23.5 million.
• Institutional investors remain heavily involved in Qualcomm, with major firms like Vanguard, Geode, Wellington, Norges Bank, and Amundi all adding or holding large positions; institutions now own about 74.35% of the stock.
• Qualcomm reported better-than-expected quarterly EPS of $2.65 versus $2.56 estimated, and the company also authorized a $20 billion stock buyback. However, recent insider selling and a mixed analyst outlook keep sentiment more cautious, with a consensus rating of Hold.

Greatmark Investment Partners Inc. raised its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 182,367 shares of the wireless technology company's stock after purchasing an additional 3,996 shares during the period. Qualcomm accounts for approximately 2.8% of Greatmark Investment Partners Inc.'s holdings, making the stock its 12th biggest holding. Greatmark Investment Partners Inc.'s holdings in Qualcomm were worth $23,485,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Qualcomm by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company's stock worth $19,524,350,000 after buying an additional 647,076 shares during the last quarter. Geode Capital Management LLC boosted its stake in Qualcomm by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock valued at $4,931,968,000 after acquiring an additional 3,221,924 shares during the last quarter. Wellington Management Group LLP boosted its stake in Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock valued at $2,861,301,000 after acquiring an additional 4,290,622 shares during the last quarter. Norges Bank acquired a new stake in Qualcomm during the 4th quarter worth $2,591,056,000. Finally, Amundi grew its holdings in 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 acquiring an additional 1,138,541 shares during the period. Institutional investors own 74.35% of the company's stock.

Insider Activity at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the sale, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. 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 worth $3,918,290 over the last three months. 0.05% of the stock is currently owned by insiders.

Qualcomm Price Performance

Shares of QCOM opened at $186.48 on Tuesday. 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 50 day simple moving average of $205.65 and a 200 day simple moving average of $167.87. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The firm has a market capitalization of $196.55 billion, a PE ratio of 20.27, a P/E/G ratio of 5.24 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same period last year, the company posted $2.85 EPS. The business's quarterly revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts predict that Qualcomm Incorporated will post 7.96 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Tigress Financial increased their price target on Qualcomm from $270.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, May 8th. Melius Research set a $220.00 price objective on Qualcomm in a research note on Monday, May 18th. Roth Mkm started coverage on Qualcomm in a report on Friday, May 8th. They issued a "buy" rating for the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $160.00 target price on shares of Qualcomm in a research note on Thursday, April 30th. Finally, Citigroup raised their target price on Qualcomm from $160.00 to $198.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.

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