Is Qualcomm (QCOM) Trading at an Attractive Valuation?

2 days ago 5

Soumya Eswaran

Mon, March 2, 2026 astatine 8:42 AM CST 3 min read

Cullen Capital Management, LLC, operating nether the name Schafer Cullen Capital Management, Inc. (SCCM), has released its “SCCM Enhanced Equity Income Fund” fourth-quarter capitalist letter. A transcript of the missive tin beryllium downloaded here. In the 4th quarter, the US equity marketplace continued to rally, mostly fueled by enthusiasm for artificial intelligence. The Enhanced Equity Income Strategy returned 2.0% (net) for the 4th fourth and 7.5% (net) for the year, compared to 6.5% and 8.9% from its superior benchmark, the S&P 500 Buy/Write Index, and 1.4% and 8.7% for its secondary benchmark, the SPDR Barclays High Yield Bond ETF (JNK), respectively. The Strategy's full instrumentality was importantly affected by investors' disregard for high-dividend and low-volatility factors, arsenic good arsenic an equity marketplace that failed to grow crossed sectors. The Strategy anticipates a affirmative economical outlook for 2026, driven by the Federal Reserve's interest-rate cuts, taxation reductions, capital-expenditure bonus depreciation (OBBBA), and imaginable little tariffs, each contributing to growth. In addition, delight cheque the Strategy’s apical 5 holdings to cognize its champion picks successful 2025.

In its fourth-quarter 2025 capitalist letter, SCCM Enhanced Equity Income Fund highlighted QUALCOMM Incorporated (NASDAQ:QCOM). QUALCOMM Incorporated (NASDAQ:QCOM) is simply a multinational institution focuses connected the improvement and commercialization of foundational technologies for the wireless industry. On February 27, 2026, QUALCOMM Incorporated (NASDAQ:QCOM) banal closed astatine $142.36 per share. One-month instrumentality of QUALCOMM Incorporated (NASDAQ:QCOM) was -6.72%, and its shares mislaid 7.33% implicit the past 52 weeks. QUALCOMM Incorporated (NASDAQ:QCOM) has a marketplace capitalization of $151.9 billion.

SCCM Enhanced Equity Income Fund stated the pursuing regarding QUALCOMM Incorporated (NASDAQ:QCOM) successful its 4th fourth 2025 capitalist letter:

"Shares of QUALCOMM Incorporated (NASDAQ:QCOM) were purchased successful the strategy during the quarter. Qualcomm is simply a starring planetary semiconductor and wireless exertion institution with a beardown competitory presumption successful premium smartphones and an progressively diversified portfolio crossed automotive, IoT and AI-enabled computing. While near-term uncertainty astir handset demand, competitory dynamics successful China, and the gradual simplification of Apple modem volumes has weighed connected sentiment, we presumption these factors arsenic manageable wrong a broader, improving semipermanent maturation profile. Qualcomm continues to payment from a premix displacement toward higher-end Android devices, wherever its contented per handset and pricing powerfulness are structurally higher, supporting resilience adjacent successful a level portion environment. Beyond handsets, Qualcomm’s automotive concern present represents astir 10% of QCT gross and, unneurotic with its expanding beingness successful borderline AI and AI enabled PCs, reinforces the company’s ongoing gross diversification. As these non-handset businesses standard and Apple-related headwinds diminish, we judge Qualcomm’s net illustration should go much durable implicit time. Qualcomm trades astatine an charismatic valuation of 14.0x 2026 EPS with a 2.1% dividend yield."

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