Patricia Grech Sells 208 Shares of Qualcomm (NASDAQ:QCOM) Stock

Qualcomm Incorporated (NASDAQ:QCOM) CAO Patricia Grech sold 208 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $170.00, for a total transaction of $35,360.00. The transaction was disclosed in a legal 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 3.8%

QCOM traded up $6.29 during trading on Monday, hitting $170.48. 12,733,699 shares of the company’s stock traded hands, compared to its average volume of 15,737,298. The stock has a market capitalization of $179.04 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 15.16 and a beta of 1.65. The company’s 50 day simple moving average is $172.49 and its two-hundred day simple moving average is $168.85. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio is 42.59%.

Institutional Investors Weigh In On Qualcomm

Hedge funds have recently modified their holdings of the business. Amundi raised its position in Qualcomm by 94.1% during the 2nd quarter. Amundi now owns 10,195,741 shares of the wireless technology company’s stock worth $1,884,071,000 after buying an additional 4,942,908 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Qualcomm in the second quarter worth about $23,723,000. California State Teachers Retirement System raised its position in Qualcomm by 18,251.8% during the second quarter. California State Teachers Retirement System now owns 301,278,659 shares of the wireless technology company’s stock valued at $55,673,283,000 after acquiring an additional 299,636,973 shares in the last quarter. Trans Canada Capital Inc. acquired a new position in Qualcomm in the second quarter valued at approximately $22,719,000. Finally, Ameritas Advisory Services LLC lifted its holdings in Qualcomm by 14.2% in the second quarter. Ameritas Advisory Services LLC now owns 13,861 shares of the wireless technology company’s stock valued at $2,561,000 after acquiring an additional 1,722 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

QCOM has been the topic of several research analyst reports. Robert W. Baird set a $400.00 price target on shares of Qualcomm in a research note on Thursday, July 30th. Bank of America raised their price objective on Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a research report on Tuesday, June 23rd. HSBC reaffirmed a “hold” rating on shares of Qualcomm in a report on Wednesday, July 15th. Cantor Fitzgerald decreased their target price on Qualcomm from $200.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. Finally, Guggenheim set a $200.00 price target on Qualcomm in a research note on Monday, June 22nd. Two investment 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $203.76.

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.