Insider Selling: Qualcomm (NASDAQ:QCOM) CAO Sells 85 Shares of Stock

Qualcomm Incorporated (NASDAQ:QCOM) CAO Patricia Grech sold 85 shares of Qualcomm stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $125.50, for a total value of $10,667.50. Following the sale, the chief accounting officer owned 192 shares of the company’s stock, valued at approximately $24,096. This trade represents a 30.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Trading Down 0.4%

Shares of NASDAQ QCOM traded down $0.48 during mid-day trading on Thursday, reaching $126.80. The company had a trading volume of 8,569,420 shares, compared to its average volume of 11,397,654. The stock has a market cap of $135.30 billion, a price-to-earnings ratio of 26.20 and a beta of 1.28. Qualcomm Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The business’s 50-day moving average is $139.39 and its 200-day moving average is $159.58. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. The company had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities analysts expect that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm announced that its Board of Directors has authorized a share buyback plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, March 5th. Qualcomm’s payout ratio is currently 73.55%.

Institutional Investors Weigh In On Qualcomm

Hedge funds have recently made changes to their positions in the stock. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Qualcomm during the 2nd quarter worth about $3,896,000. Inscription Capital LLC increased its holdings in shares of Qualcomm by 58.1% in the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock valued at $2,172,000 after purchasing an additional 4,799 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Qualcomm by 1.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company’s stock valued at $167,082,000 after purchasing an additional 16,738 shares during the period. First National Trust Co raised its stake in shares of Qualcomm by 9.4% in the third quarter. First National Trust Co now owns 57,687 shares of the wireless technology company’s stock worth $9,597,000 after purchasing an additional 4,976 shares during the last quarter. Finally, Simplify Asset Management Inc. acquired a new stake in shares of Qualcomm during the third quarter worth about $725,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on QCOM shares. Mizuho cut their price target on Qualcomm from $160.00 to $140.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Wall Street Zen cut shares of Qualcomm from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Argus cut their target price on shares of Qualcomm from $205.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. TD Cowen reduced their price target on shares of Qualcomm from $190.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, DZ Bank raised shares of Qualcomm to a “strong-buy” rating in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $163.77.

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.