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

Janney Montgomery Scott LLC lessened its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 12.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 owned approximately 0.06% of Qualcomm worth $77,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Certified Advisory Corp lifted its holdings in Qualcomm by 0.6% during the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after purchasing an additional 62 shares during the last quarter. ProVise Management Group LLC grew its holdings in Qualcomm by 2.6% in the 3rd quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock valued at $426,000 after buying an additional 64 shares in the last quarter. Baker Tilly Wealth Management LLC increased its position in Qualcomm by 1.0% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock worth $1,095,000 after buying an additional 64 shares during the period. Dakota Community Bank & Trust NA increased its position in Qualcomm by 3.6% during the 4th quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock worth $316,000 after buying an additional 65 shares during the period. Finally, Burns J W & Co. Inc. NY lifted its holdings in shares of Qualcomm by 2.1% during the fourth quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock worth $556,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm News Summary

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.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of recent research reports. Benchmark boosted their target price on shares of Qualcomm from $225.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. Evercore set a $179.00 price objective on shares of Qualcomm in a research note on Thursday, April 30th. Sanford C. Bernstein boosted their price objective on shares of Qualcomm from $140.00 to $235.00 and gave the company a “market perform” rating in a report on Thursday. Melius Research set a $220.00 target price on shares of Qualcomm in a research report on Monday, May 18th. Finally, Cantor Fitzgerald set a $220.00 target price on shares of Qualcomm and gave the stock a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $218.03.

Qualcomm Stock Down 7.6%

QCOM stock opened at $189.39 on Friday. The company has a market cap 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 business has a 50-day simple moving average of $201.08 and a 200 day simple moving average of $167.84. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. 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 (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.59 billion. During the same period in the prior year, the company posted $2.85 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts anticipate that Qualcomm Incorporated will post 7.96 EPS for the current fiscal year.

Qualcomm Increases Dividend

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

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 other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $130.34, for a total transaction of $325,850.00. Following the completion of the sale, the executive vice president directly owned 30,684 shares in the company, valued at $3,999,352.56. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 21,806 shares of company stock valued at $3,928,958. 0.05% of the stock is owned by insiders.

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.