TD Asset Management Inc Reduces Stock Position in QUALCOMM Incorporated $QCOM

TD Asset Management Inc trimmed its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,962,835 shares of the wireless technology company’s stock after selling 122,917 shares during the period. TD Asset Management Inc’s holdings in QUALCOMM were worth $326,537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of QCOM. Harbor Capital Advisors Inc. boosted its position in QUALCOMM by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 65 shares in the last quarter. Cloud Capital Management LLC acquired a new position in shares of QUALCOMM during the 3rd quarter worth $27,000. Winnow Wealth LLC purchased a new stake in shares of QUALCOMM in the 2nd quarter worth about $32,000. Lavaca Capital LLC acquired a new stake in QUALCOMM in the 2nd quarter valued at about $32,000. Finally, Howard Hughes Medical Institute purchased a new position in QUALCOMM during the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In other news, EVP Heather S. Ace sold 3,200 shares of QUALCOMM stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares of the company’s stock, valued at $2,245,841. The trade was a 16.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Alexander H. Rogers sold 15,917 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the sale, the executive vice president owned 26,071 shares of the company’s stock, valued at approximately $4,640,898.71. This represents a 37.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 45,704 shares of company stock valued at $7,818,708 in the last ninety days. Company insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on QCOM. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $200.00 price target on shares of QUALCOMM in a report on Monday, February 2nd. Argus reduced their target price on QUALCOMM from $205.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Morgan Stanley initiated coverage on QUALCOMM in a report on Tuesday, February 10th. They set an “underweight” rating and a $132.00 target price on the stock. Bank of America downgraded QUALCOMM from a “buy” rating to a “neutral” rating and set a $155.00 price target for the company. in a research report on Thursday, February 5th. Finally, DZ Bank upgraded QUALCOMM to a “strong-buy” rating in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $168.48.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $144.78 on Wednesday. The business has a fifty day simple moving average of $158.81 and a 200-day simple moving average of $164.06. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The company has a market cap of $154.48 billion, a P/E ratio of 29.91, a P/E/G ratio of 7.01 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. The company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.16 billion. QUALCOMM had a net margin of 11.96% and a return on equity of 44.09%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.41 EPS. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, March 5th. QUALCOMM’s dividend payout ratio (DPR) is 73.55%.

About QUALCOMM

QUALCOMM Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.