Waverton Investment Management Ltd Reduces Stock Holdings in Qualcomm Incorporated $QCOM

Waverton Investment Management Ltd lessened its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 20.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 635,109 shares of the wireless technology company’s stock after selling 159,504 shares during the quarter. Qualcomm comprises about 1.4% of Waverton Investment Management Ltd’s holdings, making the stock its 22nd largest position. Waverton Investment Management Ltd’s holdings in Qualcomm were worth $105,663,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Qualcomm in the second quarter valued at $2,713,603,000. Amundi increased its position in shares of Qualcomm by 38.2% during the 2nd quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after purchasing an additional 3,186,524 shares during the last quarter. Viking Global Investors LP raised its holdings in Qualcomm by 120.1% in the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after buying an additional 1,720,529 shares during the period. Rafferty Asset Management LLC lifted its position in Qualcomm by 59.1% in 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 buying an additional 1,641,068 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its stake in Qualcomm by 228.6% during the second quarter. Worldquant Millennium Advisors LLC now owns 1,130,038 shares of the wireless technology company’s stock worth $179,970,000 after buying an additional 786,110 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on QCOM shares. Royal Bank Of Canada dropped their price objective on Qualcomm from $180.00 to $150.00 and set a “sector perform” rating for the company in a research note on Thursday, February 5th. Cantor Fitzgerald decreased their price target on shares of Qualcomm from $185.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Rosenblatt Securities decreased their target price on Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, February 5th. TD Cowen decreased their price objective on Qualcomm from $190.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $168.48.

Insider Transactions at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares of the company’s stock, valued at $2,245,841. This trade represents a 16.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Akash J. Palkhiwala sold 10,000 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the completion of the sale, the executive vice president directly owned 44,803 shares of the company’s stock, valued at approximately $7,845,901.36. This trade represents a 18.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 45,704 shares of company stock worth $7,818,708. Insiders own 0.05% of the company’s stock.

Qualcomm Trading Down 2.2%

NASDAQ:QCOM opened at $142.36 on Monday. Qualcomm Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The stock 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. 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 stock has a 50-day simple moving average of $157.05 and a 200-day simple moving average of $163.89.

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 the consensus estimate of $3.38 by $0.12. The firm had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, analysts anticipate that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a $0.89 dividend. The ex-dividend date is Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.5%. Qualcomm’s dividend payout ratio is presently 73.55%.

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.