ETFs Are Buying Qualcomm (QCOM) on Oct. 21

This article first appeared on GuruFocus.

ETF flows into Qualcomm (QCOM) extended a four-day buying streak in Wednesday’s session, with a net $65.6 million added. Thirty-four ETFs bought the stock while 17 sold. The run follows net purchases of $141.4 million on Oct. 20, $121.6 million on Oct. 19 and $2.9 million on Oct. 16, after a net sale of $63.4 million on Oct. 15.

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See all ETF and guru trades in QCOM on its QCOM guru trades page.

Which ETFs bought QCOM on Wednesday?

The largest buyers by dollar value were SOXX ($54.0 million), QQQM ($1.9 million) and VLUE ($1.5 million). In all, 34 ETFs added shares and 17 cut them.

SOXX drove the move, adding 303,705 shares worth $54.0 million, a 2.87% increase in its stake, with the position at a 4.15% weight. QQQM added $1.9 million, VLUE $1.5 million, TDIV $0.7 million and SPYV $0.7 million. Qualcomm sits in the Technology sector and Semiconductors industry with a market cap of $184.6 billion.

Have ETFs been buying or selling QCOM lately?

Over the last 5 reported days, ETFs were net buyers on 4 and net sellers on 1, so the recent trend is mostly buying.

What does QCOM do?

Qualcomm is the world’s leading supplier of smartphone system-on-chips and wireless modems, and the largest licensor of cellular technology patents.

Qualcomm reported trailing 12-month revenue of $44.07 billion, up 5.8% over one year, with a gross margin of 54.2% and a net margin of 21.0%. Its P/E is 20.0, P/B 6.6 and P/S 4.22, alongside a $184.6 billion market cap. The GF Score is 92, GF Value is $175.58 versus a price of $172.83, the dividend yield is 1.98% and the year-to-date return is 2.62%.

QCOM at a glance

Investors following QCOM can review its GF Value, guru trades and insider activity on the QCOM summary page.