Econ Financial Services Corp Boosts Holdings in Qualcomm Incorporated $QCOM

Econ Financial Services Corp boosted its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 101.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,668 shares of the wireless technology company’s stock after acquiring an additional 11,934 shares during the period. Qualcomm comprises approximately 2.0% of Econ Financial Services Corp’s portfolio, making the stock its 13th largest position. Econ Financial Services Corp’s holdings in Qualcomm were worth $4,048,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. grew its position in shares of Qualcomm by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 65 shares during the last quarter. Cloud Capital Management LLC acquired a new position in shares of Qualcomm in the 3rd quarter valued at $27,000. Lavaca Capital LLC purchased a new stake in Qualcomm in the 2nd quarter valued at $32,000. Board of the Pension Protection Fund purchased a new stake in Qualcomm in the 4th quarter valued at $34,000. Finally, Guerra Advisors Inc acquired a new stake in Qualcomm during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 directly owned 16,393 shares in the company, valued at approximately $2,245,841. This represents a 16.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,866 shares of company stock worth $1,474,796 in the last three months. Insiders own 0.05% of the company’s stock.

Qualcomm Stock Up 1.3%

Shares of NASDAQ QCOM opened at $128.78 on Wednesday. The stock has a market capitalization of $137.41 billion, a price-to-earnings ratio of 26.61 and a beta of 1.25. Qualcomm Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The firm has a 50-day moving average price of $139.97 and a 200 day moving average price of $159.81. 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) last posted its 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. The company had revenue of $12.25 billion for 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%.Qualcomm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities research analysts anticipate that Qualcomm Incorporated will post 9.39 EPS for the current fiscal year.

Qualcomm announced that its board has authorized a share buyback plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Qualcomm Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.8%. Qualcomm’s dividend payout ratio is presently 73.55%.

Analyst Ratings Changes

QCOM has been the subject of a number of research reports. Daiwa Securities Group cut shares of Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a report on Wednesday, February 11th. Cantor Fitzgerald lowered their price target on Qualcomm from $185.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Bank of America assumed coverage on Qualcomm in a research report on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 price target on the stock. Argus reduced their price objective on Qualcomm from $205.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $200.00 price objective on shares of Qualcomm in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $163.77.

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.