Qualcomm Incorporated $QCOM Stake Trimmed by Telos Capital Management Inc.

Telos Capital Management Inc. cut its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & 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 holdings, 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 institutional investors have also recently made changes to their positions in QCOM. Your Advocates Ltd. LLP purchased a new stake in Qualcomm during the first quarter valued at approximately $26,000. ABS Investment Management LLC purchased a new position in shares of Qualcomm in the 2nd quarter worth approximately $34,000. ABS Direct Equity Fund LLC bought a new position in shares of Qualcomm during the 2nd quarter valued at approximately $34,000. Team Financial Group LLC bought a new position in shares of Qualcomm during the 3rd quarter valued at approximately $38,000. Finally, Burk Holdings LLC raised its holdings in Qualcomm by 191.7% during the 2nd quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company’s stock valued at $39,000 after buying an additional 138 shares during the period. Institutional investors own 74.35% of the company’s stock.

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Grech sold 208 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $170.00, for a total value of $35,360.00. The sale was disclosed in a filing with the SEC, which is available through this link. 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 that occurred on Friday, October 16th. The stock was 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 in the company, valued at approximately $4,503,307.50. This trade represents a 6.62% 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. Insiders sold 30,258 shares of company stock valued at $5,727,616 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

More Qualcomm News

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

A number of analysts recently issued reports on the company. UBS Group lowered their price target on Qualcomm from $185.00 to $180.00 and set a “neutral” rating for the company in a research report on Thursday. KeyCorp reiterated a “sector weight” rating on shares of Qualcomm in a research report on Wednesday, September 9th. Barclays reduced their target price on shares of Qualcomm from $180.00 to $150.00 and set an “underweight” rating on the stock in a research note on Thursday. Piper Sandler reaffirmed a “neutral” rating on shares of Qualcomm in a research note on Thursday. Finally, Robert W. Baird set a $320.00 price target on shares of Qualcomm in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Qualcomm has an average rating of “Hold” and a consensus target price of $197.55.

Qualcomm Stock Performance

QCOM stock opened at $156.75 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $178.09 and its two-hundred day simple moving average is $169.47. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The firm 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 (NASDAQ:QCOM) 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. The firm had revenue of $10.44 billion for the quarter, compared to analysts’ expectations of $10.12 billion. Qualcomm had a net margin of 31.60% and a return on equity of 31.91%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.00 earnings per share. Analysts predict that Qualcomm Incorporated will post 7.17 earnings per share for the current year.

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, December 3rd. Qualcomm’s payout ratio is 28.98%.

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.