Parr Mcknight Wealth Management Group LLC Boosts Stock Holdings in Qualcomm Incorporated $QCOM

Parr Mcknight Wealth Management Group LLC raised its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 53.0% during the first quarter, HoldingsChannel.com reports. The fund owned 30,110 shares of the wireless technology company’s stock after purchasing an additional 10,427 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in Qualcomm were worth $3,878,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Uptick Partners LLC grew its position in shares of Qualcomm by 5.4% during the first quarter. Uptick Partners LLC now owns 1,820 shares of the wireless technology company’s stock valued at $234,000 after purchasing an additional 94 shares in the last quarter. Arbejdsmarkedets Tillaegspension lifted its position in shares of Qualcomm by 49.0% in the first quarter. Arbejdsmarkedets Tillaegspension now owns 196,911 shares of the wireless technology company’s stock worth $25,358,000 after buying an additional 64,758 shares in the last quarter. CORDA Investment Management LLC. boosted its stake in Qualcomm by 11.7% during the first quarter. CORDA Investment Management LLC. now owns 32,037 shares of the wireless technology company’s stock valued at $4,126,000 after buying an additional 3,356 shares during the last quarter. Lifeworks Advisors LLC boosted its stake in Qualcomm by 18.4% during the first quarter. Lifeworks Advisors LLC now owns 50,019 shares of the wireless technology company’s stock valued at $6,441,000 after buying an additional 7,779 shares during the last quarter. Finally, Procyon Advisors LLC grew its holdings in Qualcomm by 37.8% during the 1st quarter. Procyon Advisors LLC now owns 42,168 shares of the wireless technology company’s stock valued at $5,430,000 after buying an additional 11,564 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on QCOM shares. Barclays raised Qualcomm from an “underweight” rating to an “overweight” rating in a research note on Thursday, June 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a report on Wednesday, June 24th. Royal Bank Of Canada boosted their price target on shares of Qualcomm from $175.00 to $250.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 25th. Benchmark upped their price target on shares of Qualcomm from $225.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Finally, DZ Bank upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $220.45.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Multiple recent pieces argue Qualcomm has more upside, including bullish price-target work and comparisons with other semiconductor names, with investors focused on its AI, data-center, and server growth potential. The Road To $380 For Qualcomm Stock
• Positive Sentiment: Analysts and market commentators highlighted Qualcomm’s expanding AI-focused portfolio and ongoing opportunities in emerging AI markets, which can reinforce the stock’s long-term growth narrative. Monolithic vs. Qualcomm: Which Semiconductor Stock Has More Upside?
• Positive Sentiment: Qualcomm’s automotive business continues to stand out, with record revenue and strong Snapdragon Digital Chassis adoption helping support the idea that growth is broadening beyond smartphones. Will Qualcomm’s Automotive Business Continue Driving Top-Line Growth?
• Positive Sentiment: Recent analyst upgrades, including DBS Bank’s move to “moderate buy,” and other bullish notes suggest Wall Street sentiment is improving. Monolithic vs. Qualcomm: Which Semiconductor Stock Has More Upside?
• Neutral Sentiment: One report said Qualcomm was the recipient of a large increase in short interest, but the figures shown were zero shares, so the data appears inconclusive and is unlikely to be a major driver. Short Interest Update
• Negative Sentiment: Qualcomm’s late-June removal from several Russell growth and defensive indices may still pressure the stock through passive index-related selling, even as fundamentals and AI-related headlines improve sentiment. How Investors Are Reacting To QUALCOMM (QCOM) Index Removal And New On-Device AI Deepfake Partnership

Insider Activity

In related news, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. The trade was a 4.82% decrease in their position. The transaction was disclosed in a document filed 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 Heather S. Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares in the company, valued at $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. 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 19,221 shares of company stock worth $3,592,440. 0.05% of the stock is currently owned by insiders.

Qualcomm Price Performance

NASDAQ:QCOM opened at $189.16 on Monday. The firm has a market capitalization of $199.37 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 5.63 and a beta of 1.63. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The business has a 50 day simple moving average of $209.59 and a 200-day simple moving average of $168.32. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter in the previous year, the company posted $2.85 EPS. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities analysts forecast that Qualcomm Incorporated will post 7.96 EPS for the current year.

Qualcomm declared that its board has approved a share repurchase plan on Tuesday, March 17th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

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.