Adell Harriman & Carpenter Inc. Decreases Holdings in Qualcomm Incorporated $QCOM

Adell Harriman & Carpenter Inc. reduced its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,599 shares of the wireless technology company’s stock after selling 8,110 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Qualcomm were worth $6,945,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Qualcomm by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock valued at $19,524,350,000 after acquiring an additional 647,076 shares during the last quarter. Amundi increased its holdings in shares of Qualcomm by 9.9% in the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after acquiring an additional 1,138,541 shares during the period. Wellington Management Group LLP raised its position in Qualcomm by 141.8% in the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock valued at $2,069,059,000 after purchasing an additional 7,292,783 shares during the last quarter. Invesco Ltd. boosted its stake in Qualcomm by 2.3% during the 3rd quarter. Invesco Ltd. now owns 9,874,113 shares of the wireless technology company’s stock worth $1,642,657,000 after purchasing an additional 220,209 shares during the period. Finally, Legal & General Group Plc increased its stake in Qualcomm by 0.4% in the third quarter. Legal & General Group Plc now owns 9,207,183 shares of the wireless technology company’s stock valued at $1,531,707,000 after purchasing an additional 38,452 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Transactions at Qualcomm

In related news, CAO Patricia Y. Grech sold 192 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $172.00, for a total value of $33,024.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 18,477 shares of company stock worth $3,268,316. 0.05% of the stock is currently owned by insiders.

Analysts Set New Price Targets

QCOM has been the topic of several recent research reports. Melius Research set a $220.00 price target on Qualcomm in a research report on Monday. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price objective on shares of Qualcomm in a research report on Thursday, April 30th. HSBC initiated coverage on shares of Qualcomm in a research note on Friday, May 8th. They issued a “buy” rating on the stock. Citigroup raised their target price on shares of Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, TD Cowen lifted their target price on shares of Qualcomm from $150.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm currently has an average rating of “Hold” and an average price target of $181.79.

Qualcomm Price Performance

Qualcomm stock opened at $195.61 on Wednesday. The company has a market cap of $206.17 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 25.22 and a beta of 1.49. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $247.90. The business has a fifty day moving average of $149.89 and a two-hundred day moving average of $157.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter last year, the business earned $2.85 earnings per share. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, analysts predict that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal year.

Qualcomm declared that its Board of Directors has initiated a share repurchase program on Tuesday, March 17th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the wireless technology company to buy up to 14.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Qualcomm Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.9%. Qualcomm’s dividend payout ratio is presently 38.70%.

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.