Qualcomm (NASDAQ:QCOM) Stock: Insider Sylvia Acevedo Sells 61 Shares

Qualcomm Incorporated (NASDAQ:QCOM) Director Sylvia Acevedo sold 61 shares of Qualcomm stock in a transaction on Friday, November 6th. The shares were sold at an average price of $166.05, for a total transaction of $10,129.05. Following the transaction, the director owned 9,008 shares in the company, valued at approximately $1,495,778.40. This trade represents a 0.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Qualcomm Trading Up 5.5%

Shares of QCOM stock opened at $165.41 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.28 and a current ratio of 1.86. The stock has a fifty day simple moving average of $178.11 and a two-hundred day simple moving average of $169.52. The firm has a market capitalization of $176.99 billion, a PE ratio of 13.02, a PEG ratio of 3.73 and a beta of 1.70. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 4th. The wireless technology company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.16 by $0.01. The business had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.12 billion. Qualcomm had a return on equity of 30.62% and a net margin of 31.60%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.00 earnings per share. On average, analysts predict that Qualcomm Incorporated will post 7.16 EPS for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. Qualcomm’s payout ratio is currently 28.98%.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s fiscal Q4 revenue of $10.44 billion and non-GAAP EPS of $2.17 edged past estimates. Automotive growth and the company’s data-center ambitions offer potential sources of diversification. Article: Is Qualcomm Stock Worth Buying After Mixed Q4 Results?
• Positive Sentiment: A broader market recovery helped lift shares after Thursday’s sharp sell-off, as investors reassessed fears that election-related policy changes could slow data-center investment. Article: Tech executives react to post-midterm AI sell-off
• Positive Sentiment: Alphabet disclosed a $548 million Qualcomm stake, a potentially supportive signal of institutional investor interest. Article: Alphabet discloses Qualcomm stake
• Positive Sentiment: Qualcomm is also set to provide chips and software for SpaceX’s planned terrestrial mobile network, adding a potential opportunity beyond its traditional handset market. Article: SpaceX Qualcomm 5G deal
• Neutral Sentiment: EVP Ann Chaplin sold 1,501 shares under a pre-arranged Rule 10b5-1 plan and retained 27,271 shares; the planned sale may carry limited signaling weight. SEC filing
• Negative Sentiment: Despite the beat, year-over-year revenue and earnings declined, and weak profit guidance, handset softness and rising component costs are weighing on expectations. Analysts have also cut price targets, while concerns about data-center investment and margins remain. Article: Qualcomm beat earnings, but its fastest-growing businesses have a catch

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JFS Wealth Advisors LLC lifted its position in shares of Qualcomm by 3.4% during the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock worth $295,000 after purchasing an additional 53 shares during the last quarter. Canopy Partners LLC raised its stake in Qualcomm by 1.4% during the third quarter. Canopy Partners LLC now owns 4,148 shares of the wireless technology company’s stock valued at $763,000 after buying an additional 56 shares in the last quarter. Wall Street Financial Group Inc. raised its stake in Qualcomm by 1.9% during the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock valued at $564,000 after buying an additional 57 shares in the last quarter. Sunbeam Capital Management LLC raised its stake in Qualcomm by 3.7% during the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock valued at $303,000 after buying an additional 58 shares in the last quarter. Finally, LaFleur & Godfrey LLC lifted its holdings in Qualcomm by 3.6% during the 3rd quarter. LaFleur & Godfrey LLC now owns 1,656 shares of the wireless technology company’s stock worth $305,000 after buying an additional 58 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of research analyst reports. Barclays cut their price objective on shares of Qualcomm from $180.00 to $150.00 and set an “underweight” rating for the company in a report on Thursday. Zacks Research downgraded shares of Qualcomm from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 15th. The Goldman Sachs Group restated a “neutral” rating on shares of Qualcomm in a research report on Thursday. TD Cowen dropped their target price on shares of Qualcomm from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Evercore set a $159.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Three research 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 issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $197.55.

About Qualcomm

Qualcomm Incorporated is a technology company that develops wireless communications technologies and semiconductor products. Its chips and related systems are used in smartphones and other connected devices, with products spanning mobile processors, modem-radio frequency systems, and connectivity solutions. The Snapdragon brand includes platforms for mobile devices as well as computing, automotive, and extended-reality applications.

Qualcomm also develops technology for automotive systems and the Internet of Things, including connectivity and processing solutions for vehicles, industrial equipment, and consumer devices.