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

Qualcomm Incorporated (NASDAQ:QCOM) EVP Heather Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the sale, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. The trade was a 8.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Stock Up 2.7%

QCOM stock traded up $3.96 during mid-day trading on Monday, reaching $151.57. The company had a trading volume of 13,674,354 shares, compared to its average volume of 16,570,779. The company has a market capitalization of $159.15 billion, a price-to-earnings ratio of 17.54 and a beta of 1.63. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The stock has a 50 day simple moving average of $198.21 and a two-hundred day simple moving average of $167.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data 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). The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities analysts predict that Qualcomm Incorporated will post 7.89 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio is 42.59%.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of analyst reports. Oppenheimer set a $200.00 price objective on shares of Qualcomm in a research report on Monday, July 27th. Sanford C. Bernstein set a $165.00 target price on shares of Qualcomm in a report on Thursday. Tigress Financial raised their target price on shares of Qualcomm from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Melius Research set a $220.00 price target on Qualcomm in a report on Monday, May 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Qualcomm has an average rating of “Hold” and an average target price of $203.63.

Hedge Funds Weigh In On Qualcomm

Several institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in shares of Qualcomm by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after buying an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Qualcomm by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after buying an additional 340 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Qualcomm by 44.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after buying an additional 1,020 shares during the last quarter. Main Street Financial Solutions LLC raised its holdings in Qualcomm by 6.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock valued at $920,000 after acquiring an additional 333 shares during the period. Finally, Transamerica Financial Advisors LLC raised its holdings in Qualcomm by 9.7% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock valued at $1,083,000 after acquiring an additional 603 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

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.