Telos Capital Management Inc. Sells 3,394 Shares of Qualcomm Incorporated $QCOM

Key Points

• Telos Capital Management cut its Qualcomm stake by 2%, selling 3,394 shares in the third quarter. It retained 169,938 shares, valued at about $31.3 million, making Qualcomm its fourth-largest portfolio holding.
• Qualcomm reported quarterly revenue of $10.44 billion and EPS of $2.17, slightly above analyst expectations, but revenue declined 8.4% year over year.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to a 2.3% yield. Company insiders sold 30,258 shares worth about $5.7 million over the prior 90 days.

Telos Capital Management Inc. reduced its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 169,938 shares of the wireless technology company's stock after selling 3,394 shares during the period. Qualcomm comprises 2.8% of Telos Capital Management Inc.'s portfolio, making the stock its 4th largest holding. Telos Capital Management Inc.'s holdings in Qualcomm were worth $31,275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Paulson Wealth Management Inc. increased its position in Qualcomm by 26.4% in the third quarter. Paulson Wealth Management Inc. now owns 3,414 shares of the wireless technology company's stock worth $628,000 after buying an additional 712 shares in the last quarter. QTR Family Wealth LLC raised its stake in shares of Qualcomm by 11.0% in the third quarter. QTR Family Wealth LLC now owns 1,861 shares of the wireless technology company's stock worth $343,000 after buying an additional 185 shares during the period. Capstone Wealth Management LLC raised its stake in shares of Qualcomm by 4.3% in the third quarter. Capstone Wealth Management LLC now owns 2,051 shares of the wireless technology company's stock worth $377,000 after buying an additional 85 shares during the period. Quest 10 Wealth Builders Inc. lifted its position in shares of Qualcomm by 23.1% during the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 459 shares of the wireless technology company's stock valued at $85,000 after buying an additional 86 shares in the last quarter. Finally, TFB Advisors LLC lifted its position in shares of Qualcomm by 10.0% during the 3rd quarter. TFB Advisors LLC now owns 2,176 shares of the wireless technology company's stock valued at $400,000 after buying an additional 198 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Qualcomm

In other news, CEO Cristiano Amon sold 10,000 shares of the business's 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 transaction, the chief executive officer owned 177,568 shares of the company's stock, valued at approximately $35,513,600. The trade was a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ann Chaplin sold 1,827 shares of the firm's stock in a transaction on Friday, October 16th. The shares were sold at an average price of $174.75, for a total transaction of $319,268.25. Following the transaction, the executive vice president directly owned 25,770 shares of the company's stock, valued at $4,503,307.50. The trade was a 6.62% 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 30,258 shares of company stock worth $5,727,616 over the last ninety days. 0.05% of the stock is owned by corporate insiders.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $156.75 on Friday. The stock has a 50-day moving average price of $178.09 and a 200 day moving average price of $169.47. The stock has a market capitalization of $167.38 billion, a P/E ratio of 12.34, a P/E/G ratio of 3.90 and a beta of 1.70. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.01. Qualcomm had a return on equity of 31.91% and a net margin of 31.60%. The company had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.12 billion. During the same period in the previous year, the firm earned $3.00 EPS. The firm's revenue was down 8.4% compared to the same quarter last year. Equities research analysts forecast that Qualcomm Incorporated will post 7.17 EPS for the current fiscal year.

Qualcomm Announces Dividend

The business 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 dividend of $0.92 per share. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. Qualcomm's dividend payout ratio (DPR) is presently 28.98%.

Qualcomm News Roundup

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

Analysts Set New Price Targets

QCOM has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on Qualcomm from $265.00 to $170.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Freedom Capital upgraded shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Zacks Research cut shares of Qualcomm from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 15th. Barclays lowered their price target on shares of Qualcomm from $180.00 to $150.00 and set an "underweight" rating on the stock in a report on Thursday. Finally, Evercore set a $159.00 price target on shares of Qualcomm in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Qualcomm currently has a consensus rating of "Hold" and an average target price of $197.55.

Qualcomm Profile

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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