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Mairs and Power Comments on Qualcomm

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Sydnee Gatewood
Jul 29, 2021

Summary

  • 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 no plans to initiate any positions within the next 72 hours.
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