Boston Trust Walden Corp Cuts Position in QUALCOMM Incorporated $QCOM

Key Points

• Boston Trust Walden Corp reduced its stake in QUALCOMM by 4.7% during Q2, holding 283,985 shares valued at about $45.2 million.
• Insider trading activity includes a significant sale by CEO Cristiano R. Amon, who sold 150,000 shares worth nearly $24.8 million, leading to a 50.12% decrease in his position.
• Research analysts continue to show confidence in QUALCOMM, with a consensus rating of “Moderate Buy” and an average price target of $182.82.

Boston Trust Walden Corp cut its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 283,985 shares of the wireless technology company's stock after selling 14,063 shares during the quarter. Boston Trust Walden Corp's holdings in QUALCOMM were worth $45,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its stake in QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after buying an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after buying an additional 340 shares during the last quarter. GAMMA Investing LLC grew its stake in QUALCOMM by 35.4% during the 1st quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company's stock worth $3,263,000 after buying an additional 5,555 shares during the last quarter. Sound Income Strategies LLC grew its stake in QUALCOMM by 42.2% during the 1st quarter. Sound Income Strategies LLC now owns 1,055 shares of the wireless technology company's stock worth $162,000 after buying an additional 313 shares during the last quarter. Finally, Montecito Bank & Trust grew its stake in QUALCOMM by 1.9% during the 1st quarter. Montecito Bank & Trust now owns 5,320 shares of the wireless technology company's stock worth $817,000 after buying an additional 100 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Neil Martin sold 791 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the transaction, the chief accounting officer owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This represents a 41.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the company's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the transaction, the chief executive officer directly owned 149,304 shares of the company's stock, valued at $24,718,770.24. The trade was a 50.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock worth $26,322,745 in the last ninety days. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

QCOM has been the topic of several research analyst reports. Rosenblatt Securities reiterated a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. Mizuho dropped their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $161.74 on Wednesday. The stock has a market cap of $174.52 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 2.36 and a beta of 1.23. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of $160.98 and a 200-day simple moving average of $153.53.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. The company had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.QUALCOMM's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

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