Qualcomm Incorporated $QCOM Shares Bought by Assetmark Inc.

Key Points

• Assetmark Inc. increased its Qualcomm stake by 1.7% in Q4 to 656,233 shares, worth about $112.25 million.
• Qualcomm's board approved a $20.0 billion share repurchase program, authorizing buybacks of up to 14.5% of outstanding shares.
• Insiders have sold 9,118 shares (≈$1.23 million) over the past 90 days, and the stock has a MarketBeat consensus rating of "Hold" with an average target of $163.77.

Assetmark Inc. grew its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 656,233 shares of the wireless technology company's stock after acquiring an additional 11,273 shares during the period. Assetmark Inc. owned about 0.06% of Qualcomm worth $112,249,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in QCOM. Inscription Capital LLC grew its holdings in shares of Qualcomm by 58.1% during the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company's stock valued at $2,172,000 after purchasing an additional 4,799 shares during the last quarter. Savvy Advisors Inc. grew its holdings in shares of Qualcomm by 43.3% during the fourth quarter. Savvy Advisors Inc. now owns 19,102 shares of the wireless technology company's stock valued at $3,267,000 after purchasing an additional 5,776 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Qualcomm by 1.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company's stock valued at $167,082,000 after purchasing an additional 16,738 shares during the last quarter. Simplify Asset Management Inc. bought a new stake in Qualcomm in the 3rd quarter valued at about $725,000. Finally, First National Trust Co lifted its position in Qualcomm by 9.4% in the 3rd quarter. First National Trust Co now owns 57,687 shares of the wireless technology company's stock valued at $9,597,000 after purchasing an additional 4,976 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. The trade was a 16.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $130.34, for a total transaction of $325,850.00. Following the sale, the executive vice president owned 30,684 shares in the company, valued at $3,999,352.56. This trade represents a 7.53% 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. Insiders have sold a total of 9,118 shares of company stock worth $1,233,705 over the last 90 days. 0.05% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on QCOM shares. DZ Bank upgraded shares of Qualcomm to a "strong-buy" rating in a research report on Tuesday, February 10th. Robert W. Baird set a $177.00 price objective on shares of Qualcomm in a research report on Thursday, February 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Qualcomm in a research report on Friday, March 27th. Seaport Research Partners reiterated a "sell" rating and issued a $100.00 price objective on shares of Qualcomm in a research report on Monday, March 16th. Finally, The Goldman Sachs Group started coverage on shares of Qualcomm in a research report on Monday, March 30th. They issued a "neutral" rating and a $135.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $163.77.

Qualcomm Trading Up 2.5%

Shares of NASDAQ:QCOM opened at $131.24 on Tuesday. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $205.95. The company has a market cap of $140.03 billion, a PE ratio of 27.12 and a beta of 1.28. The company's 50-day moving average price is $135.14 and its 200 day moving average price is $157.25. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64.

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

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

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.