Eastern Bank Has $1.34 Million Stock Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Eastern Bank reduced its stake in QUALCOMM Incorporated by 24.4% during the second quarter, owning 8,399 shares valued at approximately $1.34 million after selling over 2,700 shares.
• Insiders of QUALCOMM have sold a total of 159,767 shares worth around $26.32 million in the last 90 days, reflecting a notable decrease in their ownership positions.
• QUALCOMM's stock is currently trading 7.3% lower, with a recent earnings report showing $2.77 EPS, exceeding estimates, and a revenue increase of 10.4% compared to the previous year.

Eastern Bank lessened its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 24.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,399 shares of the wireless technology company's stock after selling 2,711 shares during the quarter. Eastern Bank's holdings in QUALCOMM were worth $1,338,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Aberdeen Group plc boosted its holdings in shares of QUALCOMM by 6.5% in the 2nd quarter. Aberdeen Group plc now owns 1,034,347 shares of the wireless technology company's stock valued at $164,937,000 after purchasing an additional 63,198 shares in the last quarter. Forefront Analytics LLC acquired a new stake in shares of QUALCOMM during the 2nd quarter valued at $1,098,000. JFS Wealth Advisors LLC boosted its holdings in shares of QUALCOMM by 16.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 1,691 shares of the wireless technology company's stock valued at $269,000 after acquiring an additional 238 shares in the last quarter. Strengthening Families & Communities LLC boosted its holdings in shares of QUALCOMM by 114.9% during the 2nd quarter. Strengthening Families & Communities LLC now owns 1,498 shares of the wireless technology company's stock valued at $230,000 after acquiring an additional 801 shares in the last quarter. Finally, PDS Planning Inc boosted its holdings in shares of QUALCOMM by 7.2% during the 2nd quarter. PDS Planning Inc now owns 5,105 shares of the wireless technology company's stock valued at $813,000 after acquiring an additional 345 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Transactions at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the transaction, the insider directly owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Neil Martin sold 791 shares of QUALCOMM 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 directly owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 159,767 shares of company stock worth $26,322,745. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Stock Down 7.3%

Shares of NASDAQ:QCOM opened at $153.64 on Friday. The firm has a market cap of $165.77 billion, a P/E ratio of 14.82, a P/E/G ratio of 2.24 and a beta of 1.23. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The business has a fifty day simple moving average of $160.39 and a 200 day simple moving average of $153.45.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on QCOM shares. Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. Mizuho cut their price objective on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Bank of America cut their price objective on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective on the stock in a report on Tuesday, August 26th. Finally, Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, QUALCOMM has a consensus rating of "Moderate Buy" and an average price target of $182.82.

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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