Qualcomm (NASDAQ:QCOM) CAO Sells 98 Shares of Stock

Qualcomm Incorporated (NASDAQ:QCOM) CAO Patricia Grech sold 98 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $186.55, for a total transaction of $18,281.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Price Performance

Shares of QCOM traded up $2.78 during mid-day trading on Friday, hitting $184.87. 10,109,509 shares of the company were exchanged, compared to its average volume of 15,547,064. The stock has a market cap of $194.16 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 3.83 and a beta of 1.65. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a 50 day moving average of $171.12 and a 200-day moving average of $176.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02.

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

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd were given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is 42.59%.

Institutional Trading of Qualcomm

Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its holdings in shares of Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 170 shares during the period. ABS Investment Management LLC acquired a new position in shares of Qualcomm during the 2nd quarter valued at about $34,000. ABS Direct Equity Fund LLC purchased a new stake in shares of Qualcomm in the second quarter valued at about $34,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Qualcomm in the fourth quarter valued at about $32,000. Finally, Your Advocates Ltd. LLP acquired a new stake in Qualcomm during the first quarter worth about $26,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Lake Street Capital cut Qualcomm to a “hold” rating in a research report on Thursday, June 25th. UBS Group decreased their price objective on Qualcomm from $190.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Guggenheim set a $200.00 target price on shares of Qualcomm in a research note on Monday, June 22nd. Morgan Stanley lowered their target price on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Finally, Mizuho upped their target price on shares of Qualcomm from $170.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Qualcomm currently has a consensus rating of “Hold” and an average target price of $204.10.

Qualcomm Company Profile

Qualcomm Incorporated (NASDAQ: QCOM) is a technology company headquartered in San Diego, California, that develops wireless communications technologies, semiconductors and related software. Its products support mobile devices, connected computing, automotive systems, industrial equipment and consumer electronics.

Qualcomm’s semiconductor business operates primarily through its Qualcomm CDMA Technologies segment. Its offerings include Snapdragon platforms and systems-on-chip, cellular modems, radio-frequency components, connectivity products, and processors for smartphones, personal computers, extended-reality devices, vehicles and the Internet of Things.