Adell Harriman & Carpenter Inc. Sells 11,785 Shares of QUALCOMM Incorporated $QCOM

Adell Harriman & Carpenter Inc. cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 19.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,709 shares of the wireless technology company’s stock after selling 11,785 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in QUALCOMM were worth $8,103,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Guinness Asset Management LTD increased its holdings in shares of QUALCOMM by 11.6% in the 2nd quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock worth $8,824,000 after buying an additional 5,779 shares during the last quarter. CORDA Investment Management LLC. lifted its holdings in shares of QUALCOMM by 18.6% in the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after acquiring an additional 3,524 shares during the last quarter. Westerkirk Capital Inc. purchased a new position in QUALCOMM in the second quarter worth about $4,539,000. MASTERINVEST Kapitalanlage GmbH bought a new stake in QUALCOMM during the second quarter worth approximately $3,896,000. Finally, Inscription Capital LLC raised its position in QUALCOMM by 58.1% during the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock valued at $2,172,000 after purchasing an additional 4,799 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Ann C. Chaplin sold 7,180 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the sale, the executive vice president owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. This represents a 23.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $173.30, for a total transaction of $577,608.90. Following the transaction, the executive vice president owned 38,932 shares in the company, valued at approximately $6,746,915.60. This represents a 7.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 44,820 shares of company stock valued at $7,883,482 over the last quarter. 0.05% of the stock is owned by company insiders.

Key QUALCOMM News

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Zenith Auto AI strategy broadens growth beyond smartphones; management’s push into auto AI/edge compute supports a higher-margin, recurring-software opportunity that could re-rate the business over time. Qualcomm’s Zenith Auto AI Push Redraws Growth Mix Beyond Smartphones
• Positive Sentiment: Snapdragon Elite adoption in automotive (ECARX/Zenith) highlights product-led upside in software-defined vehicles and ADAS/AI features — a tangible revenue stream outside handsets. Will Qualcomm’s Next-Generation Snapdragon Elite Chip Fuel Its Shares?
• Positive Sentiment: Analysts and commentators note Qualcomm’s 5G and IoT businesses temper smartphone cyclicality, supporting a multi-year growth narrative if execution continues. Qualcomm Inc. (QCOM): Navigating Global Smartphone Challenges with 5G and IoT Strength
• Positive Sentiment: Notable portfolio activity (John Hussman increasing exposure) signals some institutional confidence that recent weakness creates a buying opportunity. John Hussman’s Strategic Moves: Qualcomm Inc. Takes Center Stage with 1.13% Portfolio Impact
• Neutral Sentiment: Pre-earnings coverage stresses the results call and guidance as the main catalysts; expect volatile trading around the release as investors parse handset trends vs data-center commentary. Qualcomm (QCOM) Reports Earnings Tomorrow: What To Expect
• Neutral Sentiment: Across industry coverage, Qualcomm is included among semiconductors to watch as AI, 5G and auto electrification lift demand — sector tailwinds that could help earnings if end markets stabilize. Can These 5 Semiconductor Stocks Hit Earnings Target This Season?
• Neutral Sentiment: Several buy/sell reviews and valuation pieces weigh QCOM’s long-term story versus recent price weakness — useful for investors deciding whether to buy into post-weakness risk. Assessing Qualcomm (QCOM) Valuation After Recent Share Price Weakness And Long Term Growth Narrative
• Negative Sentiment: Handset headwinds remain the principal near-term risk: analysts expect management commentary on phone chip demand and royalties to drive volatility and could pressure guidance. Qualcomm Q1 Earnings Preview: Handset headwinds, data center commentary in focus
• Negative Sentiment: Some analysts have trimmed price targets ahead of earnings, reflecting near-term uncertainty and contributing to today’s weaker sentiment. Analysts reset Qualcomm stock price target ahead of earnings

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on QCOM. Zacks Research cut QUALCOMM from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. UBS Group reaffirmed a “neutral” rating on shares of QUALCOMM in a research note on Monday. Cantor Fitzgerald reduced their target price on shares of QUALCOMM from $185.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday. JPMorgan Chase & Co. raised their target price on shares of QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Eleven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $188.50.

QUALCOMM Stock Performance

QUALCOMM stock opened at $147.18 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. The company has a market capitalization of $157.20 billion, a PE ratio of 30.10, a P/E/G ratio of 3.41 and a beta of 1.22. The company has a 50 day moving average price of $168.65 and a 200-day moving average price of $165.38. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. The company had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.QUALCOMM’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.69 earnings per share. As a group, equities analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, March 5th. QUALCOMM’s payout ratio is presently 72.80%.

About QUALCOMM

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.