Plimoth Trust Co. LLC Sells 8,804 Shares of Qualcomm Incorporated $QCOM

Key Points

• Plimoth Trust reduced its Qualcomm stake by 26.3%, selling 8,804 shares and retaining 24,684 shares valued at approximately $4.56 million. Institutional investors collectively own 74.35% of QCOM.
• Qualcomm reported quarterly revenue of $9.95 billion, ahead of expectations, but EPS of $2.21 missed estimates and revenue declined 4% year over year. The company also declared a $0.92 quarterly dividend, representing a 2.1% yield.
• Qualcomm’s planned collaboration with Amazon to develop AI data-center chips is viewed as a potential growth avenue beyond smartphones, though analysts remain divided; the stock carries an average “Hold” rating and a consensus price target of $203.76.

Plimoth Trust Co. LLC decreased its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 26.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,684 shares of the wireless technology company's stock after selling 8,804 shares during the quarter. Plimoth Trust Co. LLC's holdings in Qualcomm were worth $4,561,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Baxter Bros Inc. bought a new position in Qualcomm during the 2nd quarter worth $17,844,000. MUFG Securities EMEA plc lifted its position in shares of Qualcomm by 112.2% during the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock valued at $7,524,000 after acquiring an additional 23,262 shares during the period. Valley Wealth Managers Inc. lifted its position in shares of Qualcomm by 6.1% during the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock valued at $6,844,000 after acquiring an additional 2,288 shares during the period. Western Wealth Management LLC grew its holdings in shares of Qualcomm by 16.9% during the 4th quarter. Western Wealth Management LLC now owns 20,682 shares of the wireless technology company's stock worth $3,538,000 after purchasing an additional 2,990 shares in the last quarter. Finally, Requisite Capital Management LLC acquired a new stake in shares of Qualcomm during the 4th quarter worth $700,000. Institutional investors own 74.35% of the company's stock.

Insider Buying and Selling

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction 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 sale, the executive vice president owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $162.85, for a total transaction of $101,781.25. Following the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at $33,872.80. This trade represents a 75.03% decrease in their ownership of the stock. 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 $1,961,219 in the last three months. 0.05% of the stock is owned by corporate insiders.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon AI infrastructure partnership: Qualcomm and Amazon plan to develop customized chips for large-scale AI data centers, initially targeting AI inference workloads. Qualcomm’s optical connectivity technology will also support high-bandwidth data-center interconnects. The agreement gives Qualcomm a major cloud customer and an important validation of its ability to compete in AI infrastructure. Qualcomm Amazon collaboration announcement
• Positive Sentiment: New growth avenue beyond smartphones: The deal, described in coverage as potentially representing roughly $60 billion over multiple generations, prompted analysts to reassess Qualcomm’s growth outlook. Investors see AWS demand as a path toward diversifying revenue while Qualcomm’s mobile-device business matures. Qualcomm partners with Amazon in data center infrastructure deal
• Positive Sentiment: Long-term valuation upside: One analyst argued that the market is valuing QCOM primarily on a stagnant handset business, while potential data-center and robotics revenue is being overlooked. The analyst expects data-center revenue to begin scaling from 2027, with Meta also cited as a potential anchor customer. Qualcomm AI data center opportunity analysis

Qualcomm Stock Performance

NASDAQ:QCOM opened at $174.09 on Wednesday. The stock's 50-day simple moving average is $168.43 and its 200 day simple moving average is $170.26. The firm has a market capitalization of $182.84 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 3.52 and a beta of 1.68. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its earnings results 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 during the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business's revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.1%. Qualcomm's payout ratio is 42.59%.

Analyst Ratings Changes

A number of research firms recently commented on QCOM. Melius Research set a $220.00 price target on Qualcomm in a research note on Monday, May 18th. Royal Bank Of Canada reduced their price objective on shares of Qualcomm from $250.00 to $160.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 30th. Oppenheimer set a $200.00 target price on shares of Qualcomm in a report on Monday, July 27th. Freedom Capital upgraded shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Finally, Raymond James Financial assumed coverage on shares of Qualcomm in a report on Thursday, June 25th. They set a "strong-buy" rating for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $203.76.

About Qualcomm

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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