RFG Advisory LLC Trims Holdings in QUALCOMM Incorporated $QCOM

RFG Advisory LLC trimmed its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 39.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,882 shares of the wireless technology company’s stock after selling 13,604 shares during the quarter. RFG Advisory LLC’s holdings in QUALCOMM were worth $3,474,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in QCOM. Harbor Capital Advisors Inc. lifted its stake in 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 purchasing an additional 65 shares in the last quarter. Cloud Capital Management LLC purchased a new position in shares of QUALCOMM during the 3rd quarter valued at $27,000. Harbor Asset Planning Inc. bought a new position in shares of QUALCOMM in the second quarter worth $32,000. Winnow Wealth LLC purchased a new stake in shares of QUALCOMM in the second quarter worth $32,000. Finally, Lavaca Capital LLC bought a new stake in QUALCOMM during the second quarter valued at $32,000. Institutional investors own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In related news, EVP Akash J. Palkhiwala sold 10,000 shares of QUALCOMM stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the sale, the executive vice president directly owned 44,803 shares in the company, valued at $7,845,901.36. The trade was a 18.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alexander H. Rogers sold 15,917 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the transaction, the executive vice president owned 26,071 shares of the company’s stock, valued at approximately $4,640,898.71. This trade represents a 37.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 46,217 shares of company stock valued at $7,901,275 over the last three months. Corporate insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on QCOM shares. Weiss Ratings restated a “hold (c)” rating on shares of QUALCOMM in a research note on Monday, December 29th. Argus decreased their price objective on shares of QUALCOMM from $205.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday. UBS Group reaffirmed a “neutral” rating on shares of QUALCOMM in a research note on Monday, February 2nd. Zacks Research cut shares of QUALCOMM from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Finally, TD Cowen reduced their target price on QUALCOMM from $190.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $167.68.

Key Stories Impacting QUALCOMM

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Record Q1 revenue drivers — IoT and automotive strength helped Qualcomm post a solid quarter, supporting the thesis that diversified end-markets can offset handset softness. Does Qualcomm’s Solid Q1 Earnings Warrant a Portfolio Re-Look?
• Positive Sentiment: Memory headwind framed as manageable — several analysts and outlets note that while DRAM-driven handset softness is real, Qualcomm’s longer-term opportunities in AI inference, automotive and IoT help cushion the hit. Qualcomm’s Memory Warning Sounds Scary, But It’s Not All Bad News for Investors
• Neutral Sentiment: Broader industry context — shifts at peers (e.g., Intel’s AI/memory moves) underscore structural demand for AI-related chips but also highlight supply-chain timing issues across the sector. This is context that can amplify both upside and downside for QCOM. Intel Stock Is Priced for Ruin, But the AI Offensive Is Here
• Neutral Sentiment: Value-angle debate — commentary noting QCOM’s recent ~24% pullback is prompting buy/hold debate; some investors see a buying opportunity if memory pressures are temporary. Qualcomm Stock Is Down 24% – But Is It Cheap Enough?
• Negative Sentiment: Memory shortage and OEM pullbacks — rising DRAM prices and supplier-driven smartphone production cuts prompted Qualcomm to warn on the near term, a primary driver of the recent share decline. A Money Making Strategy For Qualcomm’s Memory Crisis
• Negative Sentiment: Analyst downgrades/target cuts — recent cuts to price targets (JPMorgan to $185; Evercore to $134) increase short-term downside risk by lowering the bar for sentiment. JPMorgan Cuts QUALCOMM Price Target to $185 Evercore Cuts QUALCOMM Price Target to $134
• Negative Sentiment: Insider selling — an EVP sold 3,200 shares, trimming her position (~16% reduction), a signal some investors watch for conviction timing. SEC Filing: Insider Sale by Heather S. Ace
• Negative Sentiment: High-profile commentary highlights risks — media and pundits (including Jim Cramer coverage) emphasize the memory headwind, contributing to negative sentiment momentum. Qualcomm’s (QCOM) Hurt By Memory, Says Jim Cramer

QUALCOMM Stock Up 1.2%

Shares of NASDAQ QCOM opened at $138.93 on Tuesday. The firm’s fifty day moving average is $166.56 and its 200 day moving average is $164.86. 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 $148.24 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 6.08 and a beta of 1.22. 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 (NASDAQ:QCOM) last posted its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. The company had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. QUALCOMM had a net margin of 11.96% and a return on equity of 44.09%. QUALCOMM’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.41 earnings per share. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, equities research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, March 5th. QUALCOMM’s payout ratio is presently 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.