Qualcomm (NASDAQ:QCOM) EVP Heather Ace Sells 3,200 Shares of Stock

Qualcomm Incorporated (NASDAQ:QCOM) EVP Heather Ace sold 3,200 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $165.42, for a total transaction of $529,344.00. Following the completion of the sale, the executive vice president owned 39,379 shares in the company, valued at $6,514,074.18. This represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Price Performance

NASDAQ QCOM traded up $6.06 during trading hours on Monday, reaching $171.47. The company’s stock had a trading volume of 16,484,755 shares, compared to its average volume of 15,211,118. The stock has a market cap of $183.47 billion, a PE ratio of 13.50, a PEG ratio of 2.61 and a beta of 1.70. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company’s 50-day moving average is $178.11 and its two-hundred day moving average is $169.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.86.

Qualcomm (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.01. The firm had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.12 billion. Qualcomm had a net margin of 31.60% and a return on equity of 30.62%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the firm posted $3.00 EPS. Analysts forecast that Qualcomm Incorporated will post 7.16 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be paid 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 of this dividend is Thursday, December 3rd. Qualcomm’s dividend payout ratio (DPR) is 28.98%.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Automotive revenue rose 89% to a record $1.99 billion. Qualcomm expects non-handset revenue to grow by more than 60% in fiscal 2027, supporting its effort to diversify beyond smartphones. Qualcomm Auto Revenue Hits Record
• Positive Sentiment: ETFs made a net $28.3 million investment in Qualcomm on Nov. 5, with 49 funds adding shares and 16 reducing holdings. This signals some institutional demand, though it is not a guarantee of sustained buying. ETF Buying in Qualcomm
• Neutral Sentiment: Despite the downgrade, Freedom Broker’s new $185 price target remains above the $171.47 reference price in the report. Freedom Broker Downgrade
• Negative Sentiment: Freedom Broker cut its rating from “buy” to “hold” and lowered its price target to $185 from $200, reflecting reduced conviction in near-term upside. Freedom Broker Downgrade
• Negative Sentiment: Handset revenue fell 26%, and earnings guidance came in below expectations. Reports describe smartphone-industry headwinds as a near-term drag on Qualcomm’s core business, tempering the growth story in automotive and other markets. Qualcomm Handset Revenue and Outlook

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QCOM. Baxter Bros Inc. purchased a new stake in Qualcomm in the 2nd quarter valued at about $17,844,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Qualcomm during the 2nd quarter worth about $28,068,000. Tensor Edge Capital LLC purchased a new position in shares of Qualcomm during the 2nd quarter worth about $147,315,000. Sawyer & Company Inc purchased a new position in shares of Qualcomm during the 3rd quarter worth about $2,403,000. Finally, Robinson Value Management Ltd. boosted its position in shares of Qualcomm by 40.5% in the third quarter. Robinson Value Management Ltd. now owns 34,184 shares of the wireless technology company’s stock worth $6,291,000 after acquiring an additional 9,858 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Freedom Capital raised Qualcomm from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. dropped their price target on Qualcomm from $215.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday. UBS Group dropped their price target on Qualcomm from $185.00 to $180.00 and set a “neutral” rating for the company in a research report on Thursday. Wells Fargo & Company reduced their price objective on Qualcomm from $265.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Finally, Zacks Research lowered Qualcomm from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-two have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $197.13.

Qualcomm Company Profile

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.