Qualcomm Incorporated $QCOM Shares Sold by Eastern Bank

Eastern Bank lessened its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 43.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,085 shares of the wireless technology company’s stock after selling 3,180 shares during the period. Eastern Bank’s holdings in Qualcomm were worth $755,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Your Advocates Ltd. LLP acquired a new position in shares of Qualcomm during the 1st quarter worth approximately $26,000. Richardson Financial Services Inc. lifted its position in Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after buying an additional 80 shares in the last quarter. Torren Management LLC acquired a new position in Qualcomm during the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd boosted its stake in Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after buying an additional 170 shares during the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new stake in Qualcomm in the 4th quarter valued at $31,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a document filed with the SEC, which is available through 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 stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total transaction of $529,750.00. Following the transaction, the executive vice president directly owned 28,184 shares of the company’s stock, valued at $5,972,189.60. The trade was a 8.15% decrease in their position. 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. In the last three months, insiders have sold 11,529 shares of company stock worth $2,112,945. 0.05% of the stock is currently owned by insiders.

Qualcomm Stock Performance

NASDAQ QCOM opened at $162.67 on Wednesday. The stock has a fifty day simple moving average of $194.76 and a 200-day simple moving average of $167.49. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The stock has a market cap of $170.84 billion, a PE ratio of 18.83, a P/E/G ratio of 13.64 and a beta of 1.65. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same quarter last year, the firm posted $2.77 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities analysts anticipate that Qualcomm Incorporated will post 7.94 earnings per share for the current year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s payout ratio is 42.59%.

Analysts Set New Price Targets

QCOM has been the topic of several analyst reports. Melius Research set a $220.00 price target on shares of Qualcomm in a research report on Monday, May 18th. HSBC restated a “hold” rating on shares of Qualcomm in a research report on Wednesday, July 15th. Freedom Capital lowered shares of Qualcomm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Wells Fargo & Company dropped their price target on shares of Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Finally, Guggenheim set a $200.00 price target on shares of Qualcomm in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $203.63.

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.