QUALCOMM Incorporated

(NASDAQ Global Select)
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Bullish +65

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

AI-generated analysis

πŸ“ˆ Qualcomm beat earnings estimates with $2.65 EPS versus a consensus of $2.56 and revenue of $10.60 billion.

πŸ’° The company achieved a net margin of 22.31% and a return on equity of 42.11% for the quarter.

πŸ“‰ Revenue declined 3.5% year-over-year compared to the same period in the previous year.

πŸ”„ Adell Harriman & Carpenter Inc. decreased its position by 20.2%, selling 8,189 shares during Q1.

πŸ“ˆ Brighton Jones LLC increased its stake by 116.6% to own 17,356 shares valued at $2.66 million.

πŸ“ˆ Sivia Capital Partners LLC boosted its position by 44.3% to hold 3,325 shares worth $530,000.

πŸ’Ό Institutional investors and hedge funds collectively own 74.35% of Qualcomm's outstanding stock.

πŸ“‰ EVP Heather Ace sold 3,200 shares for a total value of $569,024 under a Rule 10b5-1 plan.

πŸ“‰ CEO Cristiano Amon sold 10,000 shares for $1.8 million, representing a 4.82% decrease in ownership.

πŸ’° Insiders have sold 21,721 shares worth approximately $4.04 million over the last ninety days.

πŸ”„ The board authorized a new share repurchase plan allowing the purchase of up to $20 billion in stock.

πŸ“ˆ Benchmark raised its price target from $225 to $300 and maintained a 'buy' rating.

πŸ“ˆ Barclays upgraded its rating on Qualcomm from 'underweight' to 'overweight'.

🎯 Susquehanna increased its price objective from $160 to $190 with a 'neutral' rating.

🎯 TD Cowen lifted its price target from $200 to $225 and issued a 'buy' rating.

πŸ“Š The consensus analyst target price is currently set at $221.31 with a 'Hold' rating.

πŸš€ Qualcomm's Q3 2026 earnings guidance ranges between $2.10 and $2.30 per share.

🌐 The company operates as a global semiconductor and telecommunications equipment firm headquartered in San Diego.

πŸ“± Product portfolio includes Snapdragon SoC platforms, cellular modems, and connectivity solutions for Wi-Fi and Bluetooth.

πŸ”¬ Business model combines semiconductor design with a patent licensing program for wireless technologies.

Bullish Signals
  • Qualcomm beat quarterly earnings estimates by $0.09 per share, reporting $2.65 EPS compared to the consensus of $2.56.
  • Revenue of $10.60 billion slightly exceeded analyst expectations of $10.59 billion for the quarter.
  • The company demonstrated strong profitability with a net margin of 22.31% and a return on equity of 42.11%.
  • Benchmark upgraded its price target to $300 and maintained a 'buy' rating, indicating strong analyst confidence.
  • Barclays upgraded its rating from 'underweight' to 'overweight', reflecting improved sentiment among major institutions.
  • Susquehanna raised its price objective from $160 to $190, signaling potential upside in the stock valuation.
  • TD Cowen increased its price target to $225 and issued a 'buy' rating following recent performance.
  • The board authorized a $20 billion share repurchase program, suggesting management believes shares are undervalued.
  • Institutional ownership remains robust at 74.35%, with several funds like Brighton Jones LLC significantly increasing stakes.
  • CEO Cristiano Amon and EVP Heather Ace sold shares under pre-arranged Rule 10b5-1 plans, indicating planned liquidity rather than distress.
Risk Factors
  • Qualcomm's revenue declined 3.5% year-over-year compared to the same quarter in the previous year.
  • Adell Harriman & Carpenter Inc. reduced its position by 20.2%, selling 8,189 shares during the first quarter.
  • Insiders have collectively sold 21,721 shares worth approximately $4.04 million over the last ninety days.
  • The consensus analyst rating remains 'Hold' with a target price of $221.31, which is below some individual analyst targets.
  • One investment analyst has issued a 'Sell' rating on the company's stock.
Full Analysis
Qualcomm (NASDAQ:QCOM) reported strong quarterly financial results, beating analyst expectations on both earnings per share and revenue. The company posted $2.65 EPS against a consensus of $2.56 and generated $10.60 billion in revenue, slightly exceeding the estimated $10.59 billion. Despite a 3.5% year-over-year revenue decline, Qualcomm maintained robust profitability with a net margin of 22.31% and a return on equity of 42.11%. The company has set Q3 2026 guidance between $2.10 and $2.30 per share. Institutional ownership dynamics show mixed signals regarding Qualcomm's stock position. While Adell Harriman & Carpenter Inc. reduced its stake by 20.2% to hold 32,410 shares worth approximately $4.17 million, several other funds increased their positions significantly. Brighton Jones LLC raised its holding by 116.6%, and Sivia Capital Partners LLC boosted its stake by 44.3%. Collectively, institutional investors and hedge funds own 74.35% of the company's outstanding stock. Corporate governance and analyst sentiment indicate a generally positive outlook for Qualcomm. The board authorized a new $20 billion share repurchase program, signaling management confidence in the stock's valuation. Analysts have recently upgraded price targets and ratings; Benchmark raised its target to $300 with a 'buy' rating, while Barclays upgraded its rating to 'overweight.' The consensus analyst target price stands at $221.31, reflecting a 'Hold' rating overall. Executive insider trading activity includes recent sales by top leadership under pre-arranged Rule 10b5-1 plans. EVP Heather Ace sold 3,200 shares for approximately $569,000, while CEO Cristiano Amon sold 10,000 shares for $1.8 million on the same day. Over the last ninety days, insiders have collectively sold 21,721 shares worth roughly $4.04 million, though they still retain significant personal equity in the company.