Qualcomm (NASDAQ:QCOM) CAO Sells 625 Shares of Stock

Qualcomm Incorporated (NASDAQ:QCOM) CAO Patricia Grech sold 625 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the sale, the chief accounting officer owned 208 shares in the company, valued at approximately $33,872.80. The trade was a 75.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Stock Up 0.0%

QCOM traded up $0.01 on Friday, hitting $160.75. 8,516,595 shares of the company were exchanged, compared to its average volume of 15,902,503. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a market cap of $168.82 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 14.95 and a beta of 1.65. 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 firm has a 50-day moving average price of $179.28 and a two-hundred day moving average price of $168.07.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $9.69 billion. During the same period in the prior year, the business earned $2.77 EPS. Qualcomm’s revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on QCOM. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a report on Wednesday, June 24th. Dbs Bank raised Qualcomm to a “moderate buy” rating in a report on Tuesday, July 7th. Benchmark lowered their price objective on Qualcomm from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Monday, July 27th. HSBC reiterated a “hold” rating on shares of Qualcomm in a report on Wednesday, July 15th. Finally, Melius Research set a $220.00 target price on Qualcomm in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $203.63.

Hedge Funds Weigh In On Qualcomm

Large investors have recently bought and sold shares of the stock. Your Advocates Ltd. LLP acquired a new stake in shares of Qualcomm in the 1st quarter valued at about $26,000. Torren Management LLC acquired a new position in Qualcomm during the fourth quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd lifted its stake in Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. purchased a new stake in Qualcomm in the fourth quarter valued at approximately $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of Qualcomm in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm Company Profile

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.