Janney Montgomery Scott LLC Has $77.52 Million Position in Qualcomm Incorporated $QCOM

Janney Montgomery Scott LLC cut its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 12.3% during the 1st quarter, HoldingsChannel reports. The firm owned 601,987 shares of the wireless technology company’s stock after selling 84,630 shares during the period. Janney Montgomery Scott LLC’s holdings in Qualcomm were worth $77,524,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in QCOM. Richardson Financial Services Inc. boosted its position in Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 80 shares in the last quarter. Torren Management LLC acquired a new position in shares of Qualcomm during the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after buying an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. bought a new stake in Qualcomm during the 4th quarter worth $31,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in Qualcomm during the 4th quarter worth $32,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on QCOM. The Goldman Sachs Group began coverage on Qualcomm in a research report on Thursday. They issued a “neutral” rating for the company. Zacks Research upgraded Qualcomm from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. TD Cowen reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Qualcomm in a research note on Thursday. Lake Street Capital lowered shares of Qualcomm to a “hold” rating in a report on Thursday. Finally, Roth Mkm initiated coverage on shares of Qualcomm in a research report on Friday, May 8th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm presently has an average rating of “Hold” and a consensus target price of $218.03.

Qualcomm Trading Down 7.6%

NASDAQ QCOM opened at $189.39 on Friday. The business’s 50-day moving average price is $201.08 and its two-hundred day moving average price is $167.84. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The firm has a market capitalization of $199.62 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 23.53 and a beta of 1.59. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, analysts expect that Qualcomm Incorporated will post 7.96 EPS for the current year.

Qualcomm Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio (DPR) is 40.00%.

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

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm raised its fiscal 2029 non-handset revenue target to $40 billion from $22 billion and said its data center business could exceed $15 billion by 2029, reinforcing the company’s push beyond smartphone chips.
• Positive Sentiment: The company said Meta and Microsoft are early customers for its data center CPUs, giving investors outside validation for Qualcomm’s AI infrastructure strategy and helping the market see a clearer growth path.
• Positive Sentiment: Analysts turned more bullish after the update, with multiple firms raising price targets and DZ Bank upgrading Qualcomm from hold to buy, suggesting Wall Street is warming to the diversification story.
• Positive Sentiment: Qualcomm also announced a $3.9 billion acquisition of Modular, which should strengthen its AI software stack and improve its ability to compete in cloud and edge AI workloads.
• Neutral Sentiment: Commentary pieces from outlets like Seeking Alpha and 247WallSt argue the market may still be misunderstanding Qualcomm’s AI pivot, but these are opinion-driven and less directly market-moving.
• Negative Sentiment: Despite the upbeat guidance, investors may still worry that much of the promised AI chip revenue is years away and that execution risk remains high, especially as Qualcomm transitions away from its handset-heavy mix.

Insider Activity

In other news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 197,568 shares in the company, valued at approximately $35,562,240. This represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,806 shares of company stock worth $3,928,958 in the last 90 days. 0.05% of the stock is owned by company insiders.

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.