IFP Advisors Inc Reduces Stock Holdings in Qualcomm Incorporated $QCOM

Key Points

• IFP Advisors cut its Qualcomm stake by 21.1% in the second quarter, selling 3,513 shares and retaining 13,120 shares valued at approximately $2.42 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but EPS of $2.21 narrowly missed forecasts and revenue declined 4% year over year. The company declared a quarterly dividend of $0.92 per share, representing a 2.0% yield.
• Analyst sentiment remains mixed, with Qualcomm receiving a consensus “Hold” rating and an average price target of $204.10. The company’s potential data-center and automotive growth, including an AWS partnership, is balanced against weaker handset demand and increasing competition from Apple’s in-house modem efforts.

IFP Advisors Inc trimmed its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 21.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,120 shares of the wireless technology company's stock after selling 3,513 shares during the period. IFP Advisors Inc's holdings in Qualcomm were worth $2,424,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. XY Planning Network Inc. bought a new stake in shares of Qualcomm during the 2nd quarter valued at about $232,000. New England Professional Planning Group Inc. purchased a new position in Qualcomm during the second quarter valued at $215,000. Arizona State Retirement System grew its holdings in Qualcomm by 1.7% during the second quarter. Arizona State Retirement System now owns 296,072 shares of the wireless technology company's stock valued at $54,711,000 after purchasing an additional 4,822 shares during the period. West Family Investments Inc. grew its holdings in Qualcomm by 70.3% during the second quarter. West Family Investments Inc. now owns 3,080 shares of the wireless technology company's stock valued at $569,000 after purchasing an additional 1,271 shares during the period. Finally, Bank OZK increased its position in Qualcomm by 7.7% in the second quarter. Bank OZK now owns 2,457 shares of the wireless technology company's stock worth $454,000 after buying an additional 176 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

Qualcomm Stock Performance

NASDAQ QCOM opened at $181.97 on Friday. The company has a market cap of $191.11 billion, a P/E ratio of 21.06, a P/E/G ratio of 3.69 and a beta of 1.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The business's 50 day moving average price is $168.45 and its 200-day moving average price is $170.82. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The business had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm's revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.0%. Qualcomm's payout ratio is presently 42.59%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on QCOM shares. Cantor Fitzgerald reduced their target price on shares of Qualcomm from $200.00 to $165.00 and set a "neutral" rating for the company in a report on Monday, July 27th. Piper Sandler began coverage on shares of Qualcomm in a research report on Wednesday. They issued a "neutral" rating and a $190.00 price target for the company. UBS Group dropped their price target on shares of Qualcomm from $190.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Royal Bank Of Canada increased their price objective on shares of Qualcomm from $160.00 to $180.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Finally, Benchmark dropped their target price on shares of Qualcomm from $300.00 to $270.00 and set a "buy" rating for the company in a report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $204.10.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm secured a multi-generational custom-silicon partnership with Qualcomm’s AWS Deal Takes Aim at Nvidia, But Comes With Fine Print Amazon Web Services. The deal provides significant validation from a major AI infrastructure customer and strengthens Qualcomm’s challenge to Nvidia in data-center computing. Qualcomm’s CFO is reportedly targeting roughly $5 billion in future data-center revenue, adding to the growth narrative.
• Positive Sentiment: Investors increasingly view automotive and data-center chips as potential growth engines that can offset slowing handset sales. Analysts and market commentary suggest the AWS agreement could lead to upward estimate revisions if Qualcomm converts the partnership into meaningful, recurring deployments. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
• Neutral Sentiment: Rosenblatt Securities reaffirmed its “Buy” rating, while Piper Sandler moved Qualcomm to “Hold.” The mixed analyst actions indicate optimism about the longer-term diversification story but limited certainty about near-term earnings growth.
• Neutral Sentiment: The AWS announcement is strategically important, but reports caution that the partnership’s structure and execution timetable could limit its immediate revenue impact. Qualcomm’s valuation and future upside therefore depend on actual customer volumes and revised forecasts, not simply the headline design win.
• Negative Sentiment: Apple’s iPhone 18 Pro includes Apple’s in-house C2 modem, signaling continued efforts to reduce reliance on Qualcomm. Although the iPhone 18 Pro Max may still use Qualcomm technology in some markets, further modem insourcing presents a long-term risk to Qualcomm’s handset revenue and margins. iPhone 18 Pro Debuts C2 Modem
• Negative Sentiment: Qualcomm’s latest quarterly results showed weaker year-over-year earnings and revenue, while earnings per share narrowly missed estimates. That performance, combined with a handset business described as shrinking, leaves investors dependent on automotive, IoT and data-center expansion to sustain the recovery.

Insider Buying and Selling

In related news, CAO Patricia Y. Grech sold 625 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the sale, the chief accounting officer owned 208 shares in the company, valued at $33,872.80. This represents a 75.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $182.85, for a total transaction of $457,125.00. Following the transaction, the executive vice president directly owned 18,184 shares of the company's stock, valued at approximately $3,324,944.40. This trade represents a 12.09% decrease in their position. 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. Insiders sold a total of 11,533 shares of company stock worth $1,924,969 in the last 90 days. 0.05% of the stock is owned by corporate insiders.

Qualcomm Profile

Qualcomm Incorporated NASDAQ: QCOM is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.

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