Mairs and Power Comments on Qualcomm

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Jul 29, 2021
  • The stock was a significant laggard.
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Qualcomm (

QCOM, Financial) has been hurt by the semiconductor shortage, since it makes the bulk of its revenue from chips used in consumer electronics and cell phones. We believe that supply problems will improve. Until then, the stock will probably struggle to outperform the broader market.

From the

Mairs and Power (Trades, Portfolio) Growth Fund's second-quarter 2021 shareholder letter.

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I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure
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