Greenwood Capital Associates LLC Purchases 30,960 Shares of Qualcomm Incorporated $QCOM

Key Points

• Greenwood Capital Associates LLC more than doubled its Qualcomm stake in the first quarter, buying 30,960 additional shares and bringing its total holding to 58,974 shares worth about $7.6 million.
• Insiders sold shares during the period, including EVP Heather S. Ace and CEO Cristiano R. Amon, with total insider sales over the last quarter reaching 21,721 shares valued at about $3.9 million.
• Wall Street remains mixed on Qualcomm: analysts have lifted price targets and some see AI-related upside, but the overall consensus rating is still Hold with a target price around $220.45.

Greenwood Capital Associates LLC increased its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 110.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,974 shares of the wireless technology company's stock after purchasing an additional 30,960 shares during the quarter. Greenwood Capital Associates LLC's holdings in Qualcomm were worth $7,595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors boosted its holdings in shares of Qualcomm by 14.3% in the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company's stock valued at $11,103,000 after buying an additional 8,130 shares during the period. MUFG Securities EMEA plc raised its holdings in shares of Qualcomm by 112.2% during the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock worth $7,524,000 after acquiring an additional 23,262 shares during the period. Swedbank AB raised its holdings in shares of Qualcomm by 1.5% during the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after acquiring an additional 23,110 shares during the period. NBC Securities Inc. lifted its position in Qualcomm by 47.5% in the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock valued at $3,197,000 after acquiring an additional 6,018 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Qualcomm by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock valued at $24,578,000 after acquiring an additional 7,804 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the transaction, the executive vice president directly owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the business's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $180.00, for a total value of $1,800,000.00. Following the transaction, the chief executive officer directly owned 197,568 shares in the company, valued at $35,562,240. The trade was a 4.82% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 21,721 shares of company stock valued at $3,918,290. 0.05% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Rosenblatt Securities increased their target price on Qualcomm from $190.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, June 25th. Guggenheim set a $200.00 price target on Qualcomm in a report on Monday, June 22nd. Morgan Stanley raised Qualcomm from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $146.00 to $231.00 in a research report on Thursday, June 25th. Tigress Financial increased their price objective on Qualcomm from $270.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, May 8th. Finally, Seaport Research Partners reissued a "sell" rating and issued a $100.00 target price on shares of Qualcomm in a research report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $220.45.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is drawing attention for a major push into AI, with commentary suggesting its “AI factory” bet could help the company capitalize on the next phase of semiconductor demand. Qualcomm AI Factory Bet Comes as the Semiconductor Pendulum Swings
• Positive Sentiment: Recent AI semiconductor coverage highlights QCOM as one of several beaten-down chip stocks that could rebound in the second half of 2026 if product roadmaps and diversification translate into stronger estimates. 3 Beaten Down AI Semiconductor Giants of 1H 2026 That Could Soar in 2H
• Neutral Sentiment: Goldman Sachs kept its Hold rating on Qualcomm, reinforcing a wait-and-see stance rather than a clear bullish or bearish catalyst. Goldman Sachs Sticks to Its Hold Rating for Qualcomm (QCOM)
• Neutral Sentiment: Qualcomm was removed from several Russell growth and defensive indexes, which can affect passive fund flows but is more of a mechanical rebalancing event than a fundamental shift. QUALCOMM (QCOM) Leaves Russell Growth Indexes, Is The Stock Cheap Or Pricey?
• Neutral Sentiment: Recent coverage also notes Qualcomm’s valuation looks more balanced after the AI news, with some models showing the stock as roughly fairly valued despite the longer-term rally. Qualcomm (QCOM) Stock Looks Fairly Valued After Fresh AI Demand News
• Negative Sentiment: Broader semiconductor weakness and warnings about chip stocks have been a headwind, with investors still worried about pricing pressure and uneven demand across the sector. Chip Stocks Just Flashed a Warning Even Wall Street's Bulls Can't Ignore
• Negative Sentiment: Investor caution remains around Qualcomm’s near-term outlook due to possible smartphone softness and tough competition, which could limit upside if AI growth takes time to scale. Facing potential smartphone weakness and tough competition, Qualcomm stock’s outlook is not particularly strong

Qualcomm Stock Up 2.0%

Qualcomm stock opened at $186.56 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a fifty day simple moving average of $208.10 and a 200 day simple moving average of $168.10. The company has a market cap of $196.63 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 5.44 and a beta of 1.63.

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

Qualcomm announced that its Board of Directors has approved a stock repurchase program 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 shares through open market purchases. Shares buyback programs are generally a sign that the company's board 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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