D.A. Davidson & CO. Buys 10,697 Shares of Qualcomm Incorporated $QCOM

Key Points

• D.A. Davidson & Co. increased its stake in Qualcomm by 2.4%, buying 10,697 shares to hold 457,367 shares valued at about $78.23 million at quarter-end.
• Qualcomm's board approved a $20 billion share buyback (up to 14.5% of outstanding shares) and raised its quarterly dividend to $0.92 (2.5% yield), signaling capital-return focus.
• Analyst views are mixed—several downgrades have pushed the consensus rating to "Hold" with a $158.25 target—while short-term bullish drivers include an AI narrative and unusually large call-option activity.

D.A. Davidson & CO. increased its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 457,367 shares of the wireless technology company's stock after purchasing an additional 10,697 shares during the quarter. D.A. Davidson & CO.'s holdings in Qualcomm were worth $78,233,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. waypoint wealth counsel increased its position in shares of Qualcomm by 2.2% during the 3rd quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company's stock valued at $476,000 after purchasing an additional 61 shares during the last quarter. Greykasell Wealth Strategies Inc. increased its position in shares of Qualcomm by 1.5% during the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company's stock valued at $686,000 after purchasing an additional 61 shares during the last quarter. Baron Wealth Management LLC increased its position in shares of Qualcomm by 4.5% during the 3rd quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company's stock valued at $238,000 after purchasing an additional 62 shares during the last quarter. Certified Advisory Corp increased its position in shares of Qualcomm by 0.6% during the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company's stock valued at $1,678,000 after purchasing an additional 62 shares during the last quarter. Finally, Elser Financial Planning Inc increased its position in shares of Qualcomm by 3.7% during the 3rd quarter. Elser Financial Planning Inc now owns 1,759 shares of the wireless technology company's stock valued at $297,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Semiconductor sector rally lifted shares as the chip complex caught fire, driving a sharp intraday move higher. Qualcomm Stock Jumps 11% – Here's Why It's Still Down 13% in 2026
• Positive Sentiment: Unusually large options activity: roughly 120,444 call contracts were bought (about 165% above average), indicating strong bullish positioning that can amplify upside and intraday volume.
• Positive Sentiment: AI narrative supports longer-term upside: Qualcomm is highlighted as an “AI-at-the-edge” name that could benefit from AI-driven demand beyond smartphones. QUALCOMM Incorporated (QCOM): One of the AI Stocks That Could Break Trillion Dollar Barrier
• Neutral Sentiment: Barclays began coverage / issued a new rating — a headline catalyst that can move sentiment but whose net impact depends on the specifics of the view and any price target. Barclays Begins Coverage on Qualcomm NASDAQ: QCOM
• Neutral Sentiment: Analysts and investors are focused on key Q2 metrics and guidance ahead of the quarter-end/earnings window; Zacks summarizes what Wall Street is watching for in the upcoming report. Wall Street's Insights Into Key Metrics Ahead of Qualcomm (QCOM) Q2 Earnings
• Negative Sentiment: Analyst downgrades and valuation concerns persist: recent notes highlighted weak smartphone demand, rising memory costs, and limited near-term catalysts for the handset business — factors that have pressured the stock YTD. A Look At Qualcomm (QCOM) Valuation As Analyst Downgrades Highlight Handset Weakness And Limited Near Term Catalysts
• Negative Sentiment: Peer comparison: some coverage contrasts Qualcomm with mobile-chip peers (e.g., Cirrus Logic), noting supply constraints and demand headwinds that could weigh on share gains if handset cycles remain weak. Cirrus Logic vs. Qualcomm: Which Mobile Chip Stock is the Better Buy?

Analyst Ratings Changes

Several equities analysts have recently weighed in on QCOM shares. BNP Paribas Exane downgraded Qualcomm from an "outperform" rating to a "neutral" rating and cut their target price for the company from $180.00 to $120.00 in a research report on Friday, April 17th. Susquehanna downgraded Qualcomm from a "positive" rating to a "neutral" rating and set a $140.00 price target on the stock. in a report on Thursday, February 5th. Royal Bank Of Canada reduced their price target on Qualcomm from $180.00 to $150.00 and set a "sector perform" rating on the stock in a report on Thursday, February 5th. Seaport Research Partners reiterated a "sell" rating and issued a $100.00 price target on shares of Qualcomm in a report on Monday, March 16th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $200.00 price target on shares of Qualcomm in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $158.25.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the transaction, the executive vice president directly owned 35,599 shares in the company, valued at $4,900,202.35. This trade represents a 8.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,118 shares of company stock worth $1,233,705 over the last 90 days. 0.05% of the stock is currently owned by company insiders.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $148.85 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. The business's 50 day moving average price is $134.33 and its 200-day moving average price is $155.29. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $205.95. The company has a market cap of $158.82 billion, a price-to-earnings ratio of 30.75 and a beta of 1.28.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The firm had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.16 billion. During the same period in the prior year, the business posted $3.41 earnings per share. The company's revenue for the quarter was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, sell-side analysts expect that Qualcomm Incorporated will post 8.21 earnings per share for the current year.

Qualcomm Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.5%. The ex-dividend date is Thursday, June 4th. This is an increase from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's dividend payout ratio (DPR) is 73.55%.

Qualcomm declared that its board has approved a stock repurchase program on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

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.

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