Davis R M Inc. Sells 20,868 Shares of Qualcomm Incorporated $QCOM

Davis R M Inc. lowered its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 8.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 225,390 shares of the wireless technology company’s stock after selling 20,868 shares during the period. Davis R M Inc.’s holdings in Qualcomm were worth $29,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. B&D White Capital Company LLC bought a new position in shares of Qualcomm during the 1st quarter worth about $1,520,000. Wealthspire Retirement LLC increased its position in Qualcomm by 6.1% in the 1st quarter. Wealthspire Retirement LLC now owns 4,921 shares of the wireless technology company’s stock valued at $634,000 after buying an additional 285 shares in the last quarter. Signature Equity Partners LLC increased its position in Qualcomm by 45.5% in the 1st quarter. Signature Equity Partners LLC now owns 1,264 shares of the wireless technology company’s stock valued at $163,000 after buying an additional 395 shares in the last quarter. NewEdge Wealth LLC raised its stake in Qualcomm by 7.0% during the 1st quarter. NewEdge Wealth LLC now owns 298,683 shares of the wireless technology company’s stock worth $38,464,000 after buying an additional 19,412 shares during the period. Finally, First Citizens Bank & Trust Co. raised its stake in Qualcomm by 6.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 33,551 shares of the wireless technology company’s stock worth $4,321,000 after buying an additional 2,095 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total transaction of $529,750.00. Following the completion of the sale, the executive vice president owned 28,184 shares in the company, valued at approximately $5,972,189.60. This trade represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,721 shares of company stock worth $4,044,465 in the last ninety days. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $175.63 on Thursday. The business’s fifty day simple moving average is $204.79 and its 200 day simple moving average is $168.41. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The firm has a market capitalization of $185.11 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 5.16 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter in the prior year, the company earned $2.85 EPS. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, analysts anticipate that Qualcomm Incorporated will post 7.97 EPS for the current year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s payout ratio is 40.00%.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm announced a partnership with Samsung to help power the upcoming Galaxy smartphone lineup, a win for its mobile chip franchise and a potential support for future handset revenue. Qualcomm partners with Samsung to power upcoming Galaxy lineup
• Neutral Sentiment: Shares have been trying to rebound after a large year-to-date decline, and some coverage says the stock remains attractive on earnings-based valuation metrics even though cash-flow models show it is closer to fair value. QUALCOMM (QCOM) Stock Looks Below Fair Value On Earnings Yet Near Fair Value On Cash Flow
• Neutral Sentiment: Recent trading showed Qualcomm outperforming the broad market on a daily basis, though one report noted it lagged some semiconductor peers, suggesting the move may be more of a technical rebound than a broad sector breakout. Qualcomm Inc. stock underperforms Tuesday when compared to competitors despite daily gains
• Negative Sentiment: Analysts are heading into the July 29 earnings report expecting a decline in earnings, which keeps pressure on the stock and raises the risk of disappointment if results or guidance miss expectations. Analysts Estimate Qualcomm (QCOM) to Report a Decline in Earnings: What to Look Out for
• Negative Sentiment: One report highlighted that Qualcomm has fallen more than 30% since May, with investors waiting for earnings to determine whether the recent slide is a buying opportunity or a sign that the market remains worried about growth. Qualcomm Stock Slides 30%: Buying Opportunity Ahead of July 29 Earnings

Analyst Upgrades and Downgrades

Several research analysts have issued reports on QCOM shares. Citigroup increased their price target on Qualcomm from $160.00 to $198.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Royal Bank Of Canada boosted their price objective on Qualcomm from $175.00 to $250.00 and gave the company a “sector perform” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. upped their target price on Qualcomm from $160.00 to $265.00 and gave the stock a “neutral” rating in a research report on Friday, June 5th. BNP Paribas Exane cut Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. Finally, Monness Crespi & Hardt raised shares of Qualcomm to a “buy” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $219.76.

Qualcomm Profile

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.