Greenup Street Wealth Management LLC Boosts Stock Position in Qualcomm Incorporated $QCOM

Key Points

• Greenup Street Wealth Management LLC increased its stake in Qualcomm by 456.3% in Q4, finishing with 23,266 shares valued at about $3.98 million.
• Qualcomm's board authorized a $20.00 billion share buyback (up to 14.5% of shares) and the company pays a quarterly dividend of $0.89 (annualized yield ~2.8%).
• Analysts' consensus is a Hold rating with an average price target of $163.77, reflecting mixed sentiment and several recent target cuts.

Greenup Street Wealth Management LLC increased its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 456.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,266 shares of the wireless technology company's stock after purchasing an additional 19,084 shares during the quarter. Greenup Street Wealth Management LLC's holdings in Qualcomm were worth $3,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its position in Qualcomm by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 65 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in Qualcomm in the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. grew its holdings in Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock valued at $29,000 after buying an additional 80 shares during the period. Lavaca Capital LLC purchased a new stake in Qualcomm in the 2nd quarter valued at about $32,000. Finally, Glass Jacobson Investment Advisors llc grew its holdings in Qualcomm by 113.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock valued at $32,000 after buying an additional 101 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Sanford C. Bernstein restated a "market perform" rating and issued a $140.00 price target (down from $175.00) on shares of Qualcomm in a report on Thursday, March 26th. TD Cowen lowered their price target on Qualcomm from $190.00 to $150.00 and set a "buy" rating for the company in a report on Thursday, February 5th. Weiss Ratings restated a "hold (c)" rating on shares of Qualcomm in a report on Friday, March 27th. Seaport Research Partners restated a "sell" rating and issued a $100.00 price target on shares of Qualcomm in a report on Monday, March 16th. Finally, Robert W. Baird set a $177.00 price target on Qualcomm in a report on Thursday, February 5th. 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 given a Sell rating to the company's stock. According to MarketBeat.com, Qualcomm has an average rating of "Hold" and an average target price of $163.77.

Insider Transactions at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the sale, the executive vice president owned 16,393 shares in the company, valued at approximately $2,245,841. The trade was a 16.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $137.65, for a total value of $458,787.45. Following the sale, the executive vice president owned 35,599 shares of the company's stock, valued at $4,900,202.35. The trade was a 8.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,618 shares of company stock valued at $907,855 in the last quarter. Company insiders own 0.05% of the company's stock.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Snap (Specs) signed a multi‑year agreement to use Qualcomm Snapdragon processors in upcoming AR/AI smart glasses — this expands Qualcomm’s addressable market in AR hardware and strengthens customer design wins. Snap unit to use Qualcomm chips for upcoming AI smart glasses
• Positive Sentiment: Industry coverage also reported the multi‑year Snap/Qualcomm pact, underscoring potential recurring chip revenue if Specs gains traction. Snap to use Qualcomm chips in future AR glasses under new multi-year deal
• Neutral Sentiment: Analysts and comparison pieces discuss Intel vs. Qualcomm as both ramp AI chip strategies — highlights competition in AI chips that could pressure margins or force R&D investment; this is strategic context rather than an immediate earnings change. INTC vs. QCOM: Which Semiconductor Stock Is a Better Buy?
• Neutral Sentiment: Quarterly earnings preview coverage reiterates that Qualcomm is navigating a handset‑soft patch while guiding Q2 FY2026 EPS and focusing on diversification (chips + licensing). Useful for setting expectations ahead of near‑term reports. QUALCOMM Earnings Preview: What to Expect
• Neutral Sentiment: Qualcomm co‑founder Irwin Jacobs received a lifetime achievement award — a reputational positive that reminds investors of Qualcomm’s historical leadership in wireless standards but has limited immediate financial impact. Qualcomm Founder Honored As Investors Weigh Valuation And Profit Pressures
• Neutral Sentiment: Macro/sector pieces (e.g., on “old‑school” tech dividend names) mention broader rotation away from megacaps — background sector flow that may influence QCOM but isn’t company‑specific. 5 Forgotten Old-School Tech Dividend Stocks That Could Crush the Market in 2026
• Negative Sentiment: Goldman Sachs reiterated caution on QCOM, pointing to key customer losses and near‑term demand pressure — a sell‑side warning that can hurt sentiment and multiple compression. Goldman Sachs Cautious on QUALCOMM (QCOM) Amid Key Customer Losses
• Negative Sentiment: Comparative coverage favors Broadcom over Qualcomm, citing Broadcom’s stronger exposure to hyperscaler AI demand while Qualcomm still pivots from handset dependence — narrative risk that can divert investor dollars to peers. Broadcom vs. Qualcomm: Buy One, Avoid the Other
• Negative Sentiment: Coverage notes Nasdaq/sector rotation pressures that have weighed on QCOM’s multiple as the market rewards AI‑server exposures over legacy handset suppliers. Qualcomm NASDAQ: QCOM Faces Pressure As Nasdaq Index Reflects Tech Shift
• Negative Sentiment: Erste Group trimmed its FY2026 EPS forecast for Qualcomm, a direct near‑term negative for earnings expectations and analyst consensus. Qualcomm FY2026 EPS Forecast Decreased by Erste Group Bank
• Negative Sentiment: Prominent commentator Jim Cramer publicly recommended Arm over Qualcomm, which can sway retail sentiment and add to short‑term selling pressure. Jim Cramer Says He Thinks “Arm’s Much Better Than Qualcomm”

Qualcomm Stock Up 0.2%

Shares of NASDAQ:QCOM opened at $127.98 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $205.95. The stock has a market capitalization of $136.56 billion, a P/E ratio of 26.44 and a beta of 1.28. The stock has a 50-day simple moving average of $135.57 and a 200-day simple moving average of $157.63.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $12.16 billion. During the same quarter in the previous year, the business earned $3.41 EPS. The company'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 analysts forecast that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were issued a dividend of $0.89 per share. The ex-dividend date was Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.8%. Qualcomm's payout ratio is presently 73.55%.

Qualcomm declared that its board has authorized a share buyback program on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the wireless technology company to reacquire up to 14.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are 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.

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.