Plimoth Trust Co. LLC Has $4.56 Million Position in Qualcomm Incorporated $QCOM

Plimoth Trust Co. LLC lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 26.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

Several other hedge funds have also added to or reduced their stakes in QCOM. Caitong International Asset Management Co. Ltd increased its position in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares during the period. Birchwood Financial Partners Inc. acquired a new position in shares of Qualcomm during the fourth quarter worth $31,000. ABS Investment Management LLC acquired a new position in shares of Qualcomm during the second quarter worth $34,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Qualcomm in the fourth quarter worth $32,000. Finally, Your Advocates Ltd. LLP bought a new stake in shares of Qualcomm in the first quarter worth $26,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on QCOM shares. Melius Research set a $220.00 target price on Qualcomm in a research report on Monday, May 18th. Barclays reiterated an “underweight” rating on shares of Qualcomm in a research report on Wednesday. Monness Crespi & Hardt raised Qualcomm to a “buy” rating in a research note on Thursday, June 25th. Sanford C. Bernstein restated a “market perform” rating on shares of Qualcomm in a research report on Wednesday. Finally, Benchmark cut their price objective on Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $203.76.

Qualcomm Stock Up 3.2%

Qualcomm stock opened at $174.09 on Wednesday. The company has a market capitalization of $182.84 billion, a PE ratio of 20.15, a PEG ratio of 3.52 and a beta of 1.68. The firm’s fifty day moving average is $168.43 and its 200 day moving average is $170.26. 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 12-month low of $121.99 and a 12-month high of $259.92.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 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 firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the prior year, the business earned $2.77 earnings per share. The business’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. As a group, sell-side analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is currently 42.59%.

Insider Transactions at Qualcomm

In related news, EVP Akash Palkhiwala sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the sale, the executive vice president owned 20,684 shares in the company, valued at $3,376,869.84. This represents a 10.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,533 shares of company stock valued at $1,961,219 over the last three months. Corporate insiders own 0.05% of the company’s stock.

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

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.