Westbourne Investments Inc. Makes New Investment in Qualcomm Incorporated $QCOM

Key Points

• Westbourne Investments purchased a new position of 48,000 shares (~$8.21M) of Qualcomm in Q4, making the stock its third-largest holding at 3.8% of the portfolio.
• Qualcomm beat Q4 estimates with $3.50 EPS (vs. $3.38) and $12.25B revenue, and set Q2 2026 guidance of $2.45–$2.65 EPS; analysts forecast ~9.39 EPS for the year.
• The company’s board approved a $20.00 billion share repurchase program (up to ~14.5% of shares) and paid a quarterly dividend of $0.89 ($3.56 annual, ~2.8% yield).

Westbourne Investments Inc. purchased a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 48,000 shares of the wireless technology company's stock, valued at approximately $8,210,000. Qualcomm comprises 3.8% of Westbourne Investments Inc.'s investment portfolio, making the stock its 3rd biggest position.

Other hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its stake in shares of Qualcomm by 72.2% in the third 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 during the last quarter. Cloud Capital Management LLC purchased a new position in shares of Qualcomm in the third quarter worth $27,000. Lavaca Capital LLC purchased a new position in shares of Qualcomm in the second quarter worth $32,000. Board of the Pension Protection Fund purchased a new position in shares of Qualcomm in the fourth quarter worth $34,000. Finally, Guerra Advisors Inc purchased a new position in shares of Qualcomm in the third quarter worth $39,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Qualcomm Trading Up 2.8%

Qualcomm stock opened at $127.51 on Thursday. The business has a 50-day simple moving average of $136.53 and a two-hundred day simple moving average of $158.22. The company has a market cap of $136.05 billion, a P/E ratio of 26.35 and a beta of 1.28. 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.

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

Qualcomm Announces Dividend

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

Qualcomm announced that its Board of Directors has approved a share repurchase 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 buy up to 14.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on QCOM shares. The Goldman Sachs Group started coverage on Qualcomm in a research note on Monday, March 30th. They issued a "neutral" rating and a $135.00 price target for the company. UBS Group restated a "neutral" rating on shares of Qualcomm in a research note on Monday, February 2nd. Susquehanna cut Qualcomm from a "positive" rating to a "neutral" rating and set a $140.00 price target for the company. in a research note on Thursday, February 5th. Rosenblatt Securities decreased their price target on Qualcomm from $225.00 to $190.00 and set a "buy" rating for the company in a research note on Thursday, February 5th. Finally, Piper Sandler restated an "overweight" rating and issued a $200.00 price target on shares of Qualcomm in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned 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 a consensus price target of $163.77.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 3,333 shares of the company'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 completion of the sale, the executive vice president owned 35,599 shares in the company, valued at $4,900,202.35. This represents a 8.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the sale, the executive vice president owned 16,393 shares of the company's stock, valued at approximately $2,245,841. The trade was a 16.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 6,618 shares of company stock valued at $907,855. Corporate insiders own 0.05% of the company's stock.

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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