Qualcomm (NASDAQ:QCOM) Stock Price Down 1% on Insider Selling

Shares of Qualcomm Incorporated (NASDAQ:QCOM) dropped 1% during mid-day trading on Monday following insider selling activity. The company traded as low as $170.51 and last traded at $180.15. 13,635,817 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 15,576,974 shares. The stock had previously closed at $181.97.

Specifically, EVP Akash Palkhiwala sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $182.85, for a total value of $457,125.00. Following the transaction, the executive vice president directly owned 18,184 shares of the company’s stock, valued at approximately $3,324,944.40. This trade represents a 12.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Lake Street Capital cut Qualcomm to a “hold” rating in a report on Thursday, June 25th. Oppenheimer set a $200.00 price target on Qualcomm in a research report on Monday, July 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a research note on Wednesday, June 24th. Wells Fargo & Company decreased their price objective on Qualcomm from $265.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Finally, Dbs Bank raised shares of Qualcomm to a “moderate buy” rating in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and a consensus price target of $204.10.

Qualcomm Stock Down 1.0%

The stock has a market capitalization of $189.20 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 3.79 and a beta of 1.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The business has a fifty day moving average of $168.45 and a 200 day moving average of $171.04.

Qualcomm (NASDAQ:QCOM) last posted its earnings results 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 return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period last year, the business earned $2.77 EPS. Qualcomm’s revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is presently 42.59%.

Institutional Trading of Qualcomm

Institutional investors and hedge funds have recently bought and sold shares of the stock. Talon Private Wealth LLC increased its holdings in Qualcomm by 14.3% in the 2nd quarter. Talon Private Wealth LLC now owns 14,498 shares of the wireless technology company’s stock valued at $2,679,000 after purchasing an additional 1,819 shares during the last quarter. ABS Direct Equity Fund LLC purchased a new position in shares of Qualcomm during the second quarter worth $34,000. Bouchey Financial Group Ltd. purchased a new position in shares of Qualcomm during the second quarter worth $268,000. Core Capital Management & Research inc. acquired a new stake in shares of Qualcomm in the second quarter valued at $208,000. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Qualcomm by 9.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 153,479 shares of the wireless technology company’s stock valued at $28,361,000 after buying an additional 13,452 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Qualcomm Company Profile

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.