D.A. Davidson & CO. Boosts Stock Holdings in QUALCOMM Incorporated $QCOM

D.A. Davidson & CO. grew its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.2% in the third quarter, HoldingsChannel reports. The firm owned 446,670 shares of the wireless technology company’s stock after buying an additional 13,774 shares during the quarter. D.A. Davidson & CO.’s holdings in QUALCOMM were worth $74,308,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in QCOM. Harbor Capital Advisors Inc. grew its holdings in QUALCOMM by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 65 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in shares of QUALCOMM during the 2nd quarter valued at approximately $32,000. Harbor Asset Planning Inc. bought a new position in shares of QUALCOMM during the 2nd quarter valued at approximately $32,000. Winnow Wealth LLC purchased a new position in shares of QUALCOMM in the second quarter valued at $32,000. Finally, Lavaca Capital LLC purchased a new position in shares of QUALCOMM in the second quarter valued at $32,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Stock Up 1.1%

Shares of NASDAQ QCOM opened at $172.98 on Monday. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The firm has a 50-day simple moving average of $173.39 and a two-hundred day simple moving average of $164.60. The company has a market cap of $185.26 billion, a P/E ratio of 35.37, a PEG ratio of 3.79 and a beta of 1.21. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. During the same period in the prior year, the business posted $2.69 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Friday, November 7th. The stock was sold at an average price of $172.87, for a total transaction of $276,592.00. Following the completion of the sale, the insider directly owned 19,593 shares in the company, valued at approximately $3,387,041.91. This trade represents a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alexander H. Rogers sold 15,917 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 26,071 shares in the company, valued at approximately $4,640,898.71. The trade was a 37.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 49,822 shares of company stock valued at $8,689,984. Insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, November 6th. TD Cowen upped their target price on shares of QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Susquehanna set a $210.00 price target on QUALCOMM in a research report on Thursday, November 6th. JPMorgan Chase & Co. boosted their price objective on QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $185.00 price objective on shares of QUALCOMM in a research note on Tuesday, December 16th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.94.

QUALCOMM Company 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.