Qualcomm Incorporated $QCOM Stock Holdings Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in Qualcomm Incorporated (NASDAQ:QCOM) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,318,730 shares of the wireless technology company’s stock after acquiring an additional 13,008 shares during the period. Principal Financial Group Inc.’s holdings in Qualcomm were worth $169,826,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Your Advocates Ltd. LLP bought a new stake in shares of Qualcomm during the first quarter valued at approximately $26,000. Richardson Financial Services Inc. grew its holdings in Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after buying an additional 80 shares in the last quarter. Torren Management LLC acquired a new stake in Qualcomm in the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its position in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares during the period. Finally, Birchwood Financial Partners Inc. bought a new stake in Qualcomm during the 4th quarter valued at $31,000. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the sale, the executive vice president owned 23,184 shares of the company’s stock, valued at $4,191,899.04. This trade represents a 9.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 21,721 shares of company stock valued at $4,044,465. 0.05% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on QCOM shares. Craig Hallum lowered Qualcomm from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Freedom Capital lowered Qualcomm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Sanford C. Bernstein lifted their price objective on shares of Qualcomm from $140.00 to $235.00 and gave the company a “market perform” rating in a research note on Thursday, June 25th. TD Cowen upped their price objective on shares of Qualcomm from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday. Finally, Lake Street Capital lowered shares of Qualcomm to a “hold” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $221.31.

Qualcomm Price Performance

NASDAQ:QCOM opened at $178.10 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $209.51 and its 200 day moving average price is $168.41. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The firm has a market cap of $187.72 billion, a P/E ratio of 19.36, a PEG ratio of 5.47 and a beta of 1.63.

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

Qualcomm announced that its Board of Directors has initiated 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 shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership 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.