Davis R M Inc. Has $41.50 Million Stock Holdings in Qualcomm Incorporated $QCOM

Davis R M Inc. decreased its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 249,448 shares of the wireless technology company’s stock after selling 9,692 shares during the period. Davis R M Inc.’s holdings in Qualcomm were worth $41,498,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Qualcomm during the 2nd quarter worth approximately $2,713,603,000. Amundi grew its position in Qualcomm by 38.2% in the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock valued at $1,866,451,000 after acquiring an additional 3,186,524 shares during the period. Viking Global Investors LP raised its stake in Qualcomm by 120.1% during the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock worth $502,125,000 after acquiring an additional 1,720,529 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Qualcomm by 59.1% during the second quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock valued at $703,675,000 after acquiring an additional 1,641,068 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its stake in shares of Qualcomm by 228.6% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,130,038 shares of the wireless technology company’s stock valued at $179,970,000 after purchasing an additional 786,110 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $142.36 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The firm has a 50 day simple moving average of $157.05 and a 200 day simple moving average of $163.89. Qualcomm Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The firm has a market cap of $151.90 billion, a P/E ratio of 29.41, a P/E/G ratio of 7.11 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM) last announced 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 firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Sell-side analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, March 5th. Qualcomm’s dividend payout ratio (DPR) is presently 73.55%.

Analysts Set New Price Targets

QCOM has been the subject of a number of recent analyst reports. Zacks Research cut shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Wells Fargo & Company raised shares of Qualcomm from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $135.00 to $185.00 in a report on Tuesday, February 24th. Argus cut their target price on shares of Qualcomm from $205.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Morgan Stanley started coverage on Qualcomm in a research report on Tuesday, February 10th. They set an “underweight” rating and a $132.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price target on Qualcomm from $195.00 to $185.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. One equities research 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $168.48.

Insider Activity

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the sale, the executive vice president owned 16,393 shares in the company, valued at $2,245,841. The trade was a 16.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Patricia Y. Grech sold 203 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $170.00, for a total transaction of $34,510.00. The SEC filing for this sale provides additional information. In the last three months, insiders sold 45,704 shares of company stock worth $7,818,708. Corporate insiders own 0.05% of the company’s stock.

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.