JM2 Capital Inc. Invests $708,000 in Qualcomm Incorporated $QCOM

Key Points

• JM2 Capital acquired a new Q4 position in Qualcomm (NASDAQ:QCOM) of 4,140 shares worth about $708,000, according to its latest 13F filing.
• Qualcomm approved a $20 billion share repurchase program (up to 14.5% of outstanding shares) and reported Q4 EPS of $3.50, topping estimates, while guiding Q2 2026 EPS to $2.45–$2.65.
• Company insiders sold 9,118 shares (~$1.23 million) in the past 90 days amid high institutional ownership (~74%), and analysts’ consensus is a "Hold" with an average price target of $163.77.

JM2 Capital Inc. acquired a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,140 shares of the wireless technology company's stock, valued at approximately $708,000.

Several other institutional investors also recently bought and sold shares of QCOM. Harbor Capital Advisors Inc. grew its stake in Qualcomm by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. Cloud Capital Management LLC purchased a new position in Qualcomm during the third quarter valued at $27,000. Richardson Financial Services Inc. grew its stake in Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock valued at $29,000 after acquiring an additional 80 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its stake in Qualcomm by 113.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock valued at $32,000 after acquiring an additional 101 shares in the last quarter. Finally, Board of the Pension Protection Fund purchased a new position in Qualcomm during the fourth quarter valued at $34,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on QCOM. Seaport Research Partners reaffirmed a "sell" rating and set a $100.00 target price on shares of Qualcomm in a research note on Monday, March 16th. Morgan Stanley assumed coverage on shares of Qualcomm in a research report on Tuesday, February 10th. They set an "underweight" rating and a $132.00 price objective for the company. UBS Group reiterated a "neutral" rating on shares of Qualcomm in a research report on Monday, February 2nd. Argus lowered their price objective on shares of Qualcomm from $205.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 6th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $140.00 price objective (down from $175.00) on shares of Qualcomm in a research report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $163.77.

Insider Activity

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction dated Monday, April 13th. The shares were 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 owned 30,684 shares in the company, valued at approximately $3,999,352.56. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 transaction, the executive vice president directly owned 16,393 shares in the company, valued at $2,245,841. This represents a 16.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,118 shares of company stock valued at $1,233,705 in the last 90 days. Company insiders own 0.05% of the company's stock.

Qualcomm Price Performance

QCOM stock opened at $131.24 on Tuesday. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $205.95. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The company has a fifty day simple moving average of $135.14 and a two-hundred day simple moving average of $157.25. The firm has a market capitalization of $140.03 billion, a P/E ratio of 27.12 and a beta of 1.28.

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

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

Qualcomm 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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