Adell Harriman & Carpenter Inc. Has $4.17 Million Stock Holdings in Qualcomm Incorporated $QCOM

Adell Harriman & Carpenter Inc. decreased its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 20.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 32,410 shares of the wireless technology company’s stock after selling 8,189 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Qualcomm were worth $4,174,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of QCOM. Checchi Capital Advisers LLC grew its stake in Qualcomm by 3.8% in the 1st quarter. Checchi Capital Advisers LLC now owns 12,637 shares of the wireless technology company’s stock valued at $1,627,000 after buying an additional 464 shares during the last quarter. Calamos Wealth Management LLC lifted its position in Qualcomm by 6.4% during the first quarter. Calamos Wealth Management LLC now owns 4,773 shares of the wireless technology company’s stock worth $615,000 after acquiring an additional 287 shares during the last quarter. Calamos Advisors LLC boosted its holdings in shares of Qualcomm by 1.3% during the first quarter. Calamos Advisors LLC now owns 212,223 shares of the wireless technology company’s stock worth $27,330,000 after acquiring an additional 2,673 shares during the period. AMG National Trust Bank boosted its holdings in shares of Qualcomm by 5.4% during the first quarter. AMG National Trust Bank now owns 16,110 shares of the wireless technology company’s stock worth $2,075,000 after acquiring an additional 832 shares during the period. Finally, Bryn Mawr Trust Advisors LLC grew its position in shares of Qualcomm by 10.7% in the first quarter. Bryn Mawr Trust Advisors LLC now owns 5,486 shares of the wireless technology company’s stock valued at $707,000 after purchasing an additional 530 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on QCOM. HSBC initiated coverage on Qualcomm in a report on Friday, May 8th. They set a “buy” rating for the company. Wells Fargo & Company upped their price objective on Qualcomm from $230.00 to $265.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Dbs Bank upgraded Qualcomm to a “moderate buy” rating in a research report on Tuesday, July 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a report on Wednesday, June 24th. Finally, TD Cowen boosted their target price on shares of Qualcomm from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $221.31.

Qualcomm Trading Down 3.2%

QCOM opened at $178.10 on Wednesday. The stock has a market capitalization of $187.72 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 5.47 and a beta of 1.63. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a 50-day simple moving average of $209.51 and a 200 day simple moving average of $168.41.

Qualcomm (NASDAQ:QCOM) last released its earnings results 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. The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts predict that Qualcomm Incorporated will post 7.96 EPS for the current fiscal year.

Qualcomm announced that its Board of Directors has authorized a stock 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 purchase up to 14.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the transaction, the chief executive officer owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. This represents a 4.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 21,721 shares of company stock worth $4,044,465. Insiders own 0.05% of the company’s stock.

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.