10 Best Long Term Stocks to Buy According to Billionaires

5. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Billionaire Holders: 19

QUALCOMM Incorporated (NASDAQ:QCOM) is a California-based semiconductor manufacturing company. The rollout of 5G networks gave the company a significant boost, reinvigorating its business. With its chips found in nearly every smartphone worldwide, the initial wave of 5G device upgrades drove a noticeable increase in the company’s revenue over the past few years. But Qualcomm’s reach extends beyond smartphones—it has steadily diversified into other areas, including components for mobile network infrastructure, industrial equipment, smart home devices, virtual reality gear, and a rapidly expanding automotive technology segment. Each of these areas is also poised to benefit from the widespread adoption of 5G.

In the first quarter of fiscal 2025, QUALCOMM Incorporated (NASDAQ:QCOM) delivered a strong performance, reporting $11.7 billion in revenue—up 17.6% year-over-year—marking its third straight quarter of double-digit revenue growth and setting a new quarterly record. The chip business (QCT) led the way with $10.1 billion in revenue, a 20% increase from the prior year. Notable contributors included a 13% rise in smartphone chip sales to $7.6 billion, a 61% jump in automotive revenue to $961 million, and a 36% increase in revenue from the Internet of Things (IoT) segment, which reached $1.5 billion.

QUALCOMM Incorporated (NASDAQ:QCOM) ended the quarter with a strong balance sheet, holding more than $3.1 billion in cash and cash equivalents. It generated nearly $4.6 billion in operating cash flow and returned $942 million to shareholders through dividend payments. The company pays a quarterly dividend of $0.89 per share and has a dividend yield of 2.45%, as of April 15. QCOM has been growing its payouts for 21 consecutive years, which makes it one of the best dividend stocks.