Qualcomm Incorporated $QCOM Shares Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden cut its Qualcomm stake by 15.3% in the third quarter, selling 28,249 shares and ending the period with 156,865 shares valued at about $28.9 million.
• Qualcomm’s latest quarter slightly beat analyst estimates, with revenue of $10.44 billion and adjusted EPS of $2.17, but revenue fell 8.4% year over year and weaker handset-chip demand pressured results.
• Analyst sentiment was mixed but leaned toward caution: several firms lowered price targets, and MarketBeat reported a consensus rating of “Hold” with a $197.55 price target.

Boston Trust Walden Corp reduced its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 15.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,865 shares of the wireless technology company's stock after selling 28,249 shares during the quarter. Boston Trust Walden Corp's holdings in Qualcomm were worth $28,869,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Your Advocates Ltd. LLP acquired a new stake in shares of Qualcomm during the 1st quarter valued at approximately $26,000. ABS Investment Management LLC acquired a new position in Qualcomm in the second quarter worth $34,000. ABS Direct Equity Fund LLC bought a new stake in Qualcomm during the second quarter valued at $34,000. Team Financial Group LLC bought a new stake in Qualcomm during the third quarter valued at $38,000. Finally, Burk Holdings LLC increased its stake in Qualcomm by 191.7% during the second quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company's stock valued at $39,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reported fiscal Q4 revenue of about $10.44 billion and adjusted EPS of $2.17, slightly exceeding consensus. Automotive revenue grew strongly, and management sees potential for substantial data-center revenue growth. Article: QCOM Q4 Earnings Beat Estimates on Robust Automotive Growth
• Positive Sentiment: SpaceX selected Qualcomm’s Dragonwing platforms and software for Starlink Mobile’s planned U.S. 5G network, a multiyear deal that offers diversification beyond smartphone chips. Article: SpaceX signs deal with Qualcomm to provide network technology for U.S. mobile service
• Neutral Sentiment: Analysts cut price targets following results, though views remain mixed: UBS and JPMorgan moved to neutral, while TD Cowen and Rosenblatt retained buy ratings. The revisions reflect increased caution but still imply potential upside from the cited share price.
• Negative Sentiment: The earnings beat was overshadowed by weaker profit guidance and falling handset-chip demand. Revenue declined year over year, with handset weakness—including reduced Apple-related revenue—contributing to the pressure; memory and component costs may also weigh on margins. Article: Qualcomm slumps as weak smartphone chip sales overshadow data-center momentum
• Negative Sentiment: Investors may also be wary that data-center expansion requires heavy investment and could dilute near-term margins, while automotive and other newer businesses have yet to offset handset weakness fully. Article: Qualcomm's Data Center Investments Could Weigh on Near-Term Margins, RBC Says

Qualcomm Stock Performance

Shares of QCOM opened at $156.75 on Friday. The company has a 50-day moving average of $178.09 and a two-hundred day moving average of $169.47. The stock has a market cap of $167.38 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 3.90 and a beta of 1.70. Qualcomm Incorporated has a one year low of $121.99 and a one 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.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.01. Qualcomm had a net margin of 31.60% and a return on equity of 31.91%. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.12 billion. During the same quarter in the prior year, the business earned $3.00 EPS. The company's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities research analysts expect that Qualcomm Incorporated will post 7.17 earnings per share for the current year.

Qualcomm Dividend Announcement

The company also recently declared 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 2.3%. Qualcomm's dividend payout ratio (DPR) is currently 42.59%.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of recent research reports. Rosenblatt Securities reduced their price target on shares of Qualcomm from $235.00 to $205.00 and set a "buy" rating on the stock in a research report on Thursday. Citigroup dropped their price objective on shares of Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Susquehanna cut their target price on shares of Qualcomm from $185.00 to $165.00 and set a "neutral" rating on the stock in a report on Thursday. HSBC restated a "hold" rating on shares of Qualcomm in a research note on Wednesday, July 15th. Finally, Morgan Stanley dropped their price target on Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $197.55.

Insider Activity

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction on Friday, September 25th. The shares were sold at an average price of $200.00, for a total value of $2,000,000.00. Following the completion of the sale, the chief executive officer directly owned 177,568 shares of the company's stock, valued at $35,513,600. This represents a 5.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of Qualcomm stock in a transaction dated 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 directly owned 208 shares in the company, valued at approximately $33,872.80. This trade represents a 75.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 30,258 shares of company stock worth $5,727,616. 0.05% of the stock is owned by company 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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