Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 120,746 Shares of Qualcomm Incorporated $QCOM

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors reduced its Qualcomm stake by 21.3%, selling 120,746 shares and retaining 447,344 shares valued at approximately $82.3 million. Institutional investors still own 74.35% of QCOM.
• Analyst sentiment is mixed: Qualcomm has an average “Hold” rating and a $205.83 price target, with some recent upgrades offset by target-price cuts and a reduced fiscal 2027 EPS forecast.
• Qualcomm’s upcoming fiscal 2026 results on November 4 are the next major catalyst. Investors are balancing its automotive, AI and licensing opportunities against handset weakness, recent revenue declines and modest insider selling; the company also maintains a $0.92 quarterly dividend.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 21.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 447,344 shares of the wireless technology company's stock after selling 120,746 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Qualcomm were worth $82,329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Your Advocates Ltd. LLP bought a new stake in Qualcomm during the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted its position in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock valued at $29,000 after buying an additional 170 shares during the period. ABS Investment Management LLC bought a new position in Qualcomm in the 2nd quarter worth about $34,000. ABS Direct Equity Fund LLC bought a new position in Qualcomm in the 2nd quarter worth about $34,000. Finally, Burk Holdings LLC grew its stake in Qualcomm by 191.7% in the 2nd quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company's stock worth $39,000 after acquiring an additional 138 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: ETFs recorded approximately $141.5 million in net Qualcomm purchases on Tuesday, followed by additional ETF buying reported for October 21. Passive and institutional demand can provide near-term support for QCOM. Qualcomm sees $141.5 million in net ETF buying
• Positive Sentiment: An analyst upgrade and a higher price target of $200 signal improving sentiment and suggest potential upside from current valuation levels. Qualcomm stock jumps on analyst upgrade Qualcomm price target raised to $200
• Positive Sentiment: A bullish investment thesis argues Qualcomm is being undervalued as it builds businesses in automotive, data centers and custom silicon, potentially making it a longer-term artificial-intelligence beneficiary rather than solely a handset-chip company. This chip stock could be a sleeper AI winner
• Positive Sentiment: Qualcomm declared a quarterly dividend of $0.92 per share, or $3.68 annualized, representing an approximately 2.1% yield and reinforcing its shareholder-return appeal. Qualcomm declares quarterly dividend
• Neutral Sentiment: Qualcomm will release fiscal fourth-quarter and full-year 2026 results after the market closes on November 4. The report and guidance are the next major catalysts for the stock. Qualcomm schedules fiscal 2026 earnings release
• Neutral Sentiment: Coverage from 37 analysts highlights substantial investor attention ahead of earnings, while a valuation review says the shares are near fair value after strong long-term gains. Qualcomm schedules November results Qualcomm stock remains near fair value
• Negative Sentiment: Erste Group cut its fiscal 2027 EPS forecast to $7.28 from $7.31, below the broader consensus estimate of $7.71, indicating modest pressure on forward earnings expectations. Qualcomm earnings estimate cut
• Negative Sentiment: Qualcomm’s executive vice president sold approximately $437,650 of company stock, which may weigh modestly on sentiment, although a single insider transaction is not necessarily a change in business outlook. Qualcomm insider selling
• Negative Sentiment: Comparisons with Intel point to Qualcomm’s more uneven revenue trend and recent sequential declines. Reports also describe automotive growth being offset by pressure on handset earnings, keeping smartphone weakness a key risk. Intel versus Qualcomm revenue comparison Qualcomm automotive growth and handset pressure

Analyst Ratings Changes

A number of equities analysts have recently commented on QCOM shares. Citigroup reduced their target price on shares of Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. Freedom Capital upgraded Qualcomm from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Arete Research upgraded Qualcomm to a "strong-buy" rating in a report on Friday, October 16th. Cantor Fitzgerald dropped their price objective on Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a research note on Monday, July 27th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Qualcomm in a report on Monday, September 21st. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $205.83.

Qualcomm Price Performance

Shares of QCOM stock opened at $175.91 on Monday. The stock's 50-day moving average is $176.17 and its 200 day moving average is $181.39. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The company has a market cap of $187.84 billion, a P/E ratio of 20.36, a PEG ratio of 3.96 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts predict that Qualcomm Incorporated will post 7.71 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be given a $0.92 dividend. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. Qualcomm's payout ratio is presently 42.59%.

Insider Transactions at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares of the company's stock, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 that occurred on Friday, September 11th. The shares were sold at an average price of $182.85, for a total transaction of $457,125.00. Following the completion of the sale, the executive vice president 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 33,458 shares of company stock worth $6,198,144. 0.05% of the stock is owned by corporate insiders.

About Qualcomm

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.

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