Qualcomm Incorporated $QCOM Shares Purchased by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC increased its stake in Qualcomm by 9.4% to 169,354 shares (worth about $28.97 million), and institutional investors now own roughly 74.35% of the company.
• Qualcomm's Board authorized a $20.0 billion share buyback (up to 14.5% of outstanding shares) and the company recently paid a $0.89 quarterly dividend (about a 2.8% yield).
• Qualcomm beat quarterly estimates with $3.50 EPS vs. $3.38 expected and $12.25 billion in revenue, gave Q2 guidance of $2.45–$2.65 EPS, and carries a consensus analyst rating of "Hold" with a $163.77 price target.

SteelPeak Wealth LLC boosted its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 169,354 shares of the wireless technology company's stock after buying an additional 14,563 shares during the period. Qualcomm makes up approximately 0.9% of SteelPeak Wealth LLC's investment portfolio, making the stock its 26th largest holding. SteelPeak Wealth LLC's holdings in Qualcomm were worth $28,968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of QCOM. Brighton Jones LLC boosted its holdings in shares of Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Qualcomm by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after purchasing an additional 340 shares during the last quarter. Sivia Capital Partners LLC lifted its position in Qualcomm by 44.3% during the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock valued at $530,000 after purchasing an additional 1,020 shares during the period. CW Advisors LLC lifted its position in Qualcomm by 49.3% during the second quarter. CW Advisors LLC now owns 61,027 shares of the wireless technology company's stock valued at $9,719,000 after purchasing an additional 20,165 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in Qualcomm by 63.3% in the second quarter. 1832 Asset Management L.P. now owns 26,834 shares of the wireless technology company's stock valued at $4,274,000 after purchasing an additional 10,404 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Activity at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the transaction, the executive vice president owned 16,393 shares in the company, valued at $2,245,841. This trade represents a 16.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Akash J. Palkhiwala sold 3,333 shares of Qualcomm stock in a transaction on Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the sale, the executive vice president directly owned 35,599 shares in the company, valued at $4,900,202.35. This represents a 8.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 6,618 shares of company stock worth $907,855. 0.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on QCOM. Susquehanna lowered Qualcomm from a "positive" rating to a "neutral" rating and set a $140.00 price objective for the company. in a research note on Thursday, February 5th. Robert W. Baird set a $177.00 target price on Qualcomm in a research note on Thursday, February 5th. Seaport Research Partners reaffirmed a "sell" rating and set a $100.00 target price on shares of Qualcomm in a report on Monday, March 16th. Argus reduced their price target on Qualcomm from $205.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 6th. Finally, Morgan Stanley began coverage on Qualcomm in a report on Tuesday, February 10th. They issued an "underweight" rating and a $132.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $163.77.

Qualcomm Price Performance

QCOM opened at $126.80 on Friday. The company has a fifty day moving average of $138.19 and a two-hundred day moving average of $159.11. The stock has a market capitalization of $135.30 billion, a price-to-earnings ratio of 26.20 and a beta of 1.28. Qualcomm Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. 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 (NASDAQ:QCOM - Get Free Report) last posted 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. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.16 billion. During the same period in the prior year, the company posted $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. On average, research analysts expect that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm announced that its Board of Directors has initiated a stock buyback plan 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Qualcomm Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, March 5th. Qualcomm's dividend payout ratio (DPR) is presently 73.55%.

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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