Rathbones Group PLC Sells 11,451 Shares of Qualcomm Incorporated $QCOM

Rathbones Group PLC decreased its position in Qualcomm Incorporated (NASDAQ:QCOM) by 22.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,985 shares of the wireless technology company’s stock after selling 11,451 shares during the period. Rathbones Group PLC’s holdings in Qualcomm were worth $6,486,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Qualcomm by 72.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after buying an additional 65 shares during the period. Cloud Capital Management LLC purchased a new position in shares of Qualcomm during the third quarter valued at $27,000. Winnow Wealth LLC purchased a new position in shares of Qualcomm during the second quarter valued at $32,000. Lavaca Capital LLC bought a new stake in shares of Qualcomm in the second quarter valued at about $32,000. Finally, Howard Hughes Medical Institute purchased a new stake in Qualcomm in the second quarter worth about $38,000. Institutional investors own 74.35% of the company’s stock.

Insider Activity

In other news, EVP Ann C. Chaplin sold 7,180 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the transaction, the executive vice president directly owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. This represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Akash J. Palkhiwala sold 10,000 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $175.12, for a total value of $1,751,200.00. Following the sale, the executive vice president owned 44,803 shares of the company’s stock, valued at approximately $7,845,901.36. This represents a 18.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 45,501 shares of company stock valued at $7,784,198 over the last three months. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on QCOM shares. Rosenblatt Securities dropped their target price on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. TD Cowen lowered their price target on shares of Qualcomm from $190.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Evercore dropped their price objective on shares of Qualcomm from $157.00 to $134.00 and set an “in-line” rating on the stock in a research note on Thursday, February 5th. Royal Bank Of Canada cut their price objective on shares of Qualcomm from $180.00 to $150.00 and set a “sector perform” rating on the stock in a report on Thursday, February 5th. Finally, Morgan Stanley started coverage on shares of Qualcomm in a research note on Tuesday, February 10th. They issued an “underweight” rating and a $132.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $168.48.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $135.68 on Monday. The company has a market capitalization of $144.77 billion, a PE ratio of 28.03, a P/E/G ratio of 6.78 and a beta of 1.25. The company has a 50-day simple moving average of $153.41 and a two-hundred day simple moving average of $163.22. Qualcomm Incorporated has a one year low of $120.80 and a one year high of $205.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. The business had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Research analysts expect that Qualcomm Incorporated will post 9.39 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, March 5th. Qualcomm’s payout ratio is currently 73.55%.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is pushing into robotics with a new Dragonwing robotics processor and CEO Cristiano Amon saying robotics could become a material business within ~2 years — a potential new revenue stream beyond smartphones. Qualcomm Expands Beyond Smartphones With Robotics And AI Native 6G Bets
• Positive Sentiment: Analysts and commentary argue the market may be underestimating Qualcomm’s robotics/AI opportunity, which could re-rate the stock if execution and commercialization accelerate. Qualcomm’s Robotics Push Could Be Bigger Than the Market Thinks
• Positive Sentiment: Partner/product traction at MWC: Fibocom launched a 5G MiFi solution using Qualcomm’s QMB415 platform, showing continued OEM adoption of QCOM silicon in wireless broadband devices. MWC 2026 | Fibocom Unveils 5G MiFi Solution
• Neutral Sentiment: Post-earnings drift: Zacks notes QCOM is modestly up since its earnings beat, as investors digest the quarter and the company’s Q2 guidance range. The EPS beat supports the case that results aren’t the immediate problem, but guidance and forward outlook remain focal. Why Is Qualcomm (QCOM) Up 0.5% Since Last Earnings Report?
• Neutral Sentiment: Qualcomm reiterated its role in driving AI-native 6G at MWC with executives emphasizing a 2029 commercialization target — strategic for long-term positioning but distant for near-term revenue impact. Qualcomm to bring 6G to market: ‘Massive change’ is coming, CFO says
• Negative Sentiment: Zacks highlights falling FY26–27 estimate revisions, China trade tensions, softer handset demand and rising R&D costs — factors that could pressure margins and near-term growth expectations. Should You Avoid QCOM Stock Amid Declining Estimate Revisions?
• Negative Sentiment: Sentiment/positioning signal: unusually large put buying (≈97,102 puts, ~58% above typical volume) and recent intraday weakness vs. the market suggest traders are hedging or betting on downside near term.

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.