Davidson Investment Advisors Acquires 54,174 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Davidson Investment Advisors increased its stake in QUALCOMM by 81.0%, acquiring 54,174 shares, which now totals 121,052 shares valued at approximately $19.3 million.
• Institutional investors together own 74.35% of QUALCOMM, with prominent firms like Vanguard Group and Kingstone Capital Partners significantly increasing their holdings in the technology company.
• Analysts have set a consensus price target of $182.82 for QUALCOMM, with shares currently trading around $162.97 and a majority rating the stock as a Moderate Buy.

Davidson Investment Advisors boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 81.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,052 shares of the wireless technology company's stock after purchasing an additional 54,174 shares during the quarter. Davidson Investment Advisors' holdings in QUALCOMM were worth $19,279,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in QUALCOMM by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company's stock worth $17,568,141,000 after purchasing an additional 638,284 shares during the period. Kingstone Capital Partners Texas LLC raised its holdings in shares of QUALCOMM by 656,661.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock worth $9,360,274,000 after acquiring an additional 58,764,593 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of QUALCOMM by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,422,341 shares of the wireless technology company's stock worth $1,600,976,000 after acquiring an additional 641,654 shares in the last quarter. Invesco Ltd. raised its holdings in shares of QUALCOMM by 2.2% during the 1st quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company's stock worth $1,512,458,000 after acquiring an additional 215,900 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of QUALCOMM by 5.3% during the 1st quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company's stock worth $1,441,847,000 after acquiring an additional 471,648 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of QUALCOMM in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Mizuho decreased their price objective on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. Finally, Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $162.97 on Thursday. The company has a market cap of $175.84 billion, a P/E ratio of 15.72, a P/E/G ratio of 2.36 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The business's 50 day moving average price is $161.32 and its 200-day moving average price is $153.60. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.06. The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Insider Buying and Selling

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider owned 21,193 shares of the company's stock, valued at $3,102,655.20. This represents a 7.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 791 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at $171,230.92. This trade represents a 41.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock worth $26,322,745 over the last ninety days. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

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