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

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

Qualcomm Stock Up 1.2%

QCOM opened at $173.53 on Wednesday. The firm has a market capitalization of $185.68 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 2.71 and a beta of 1.70. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a fifty day moving average price of $178.31 and a 200-day moving average price of $169.68. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.86 and a quick ratio of 1.14.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The company 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 firm’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.00 earnings per share. Equities research analysts expect that Qualcomm Incorporated will post 7.15 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, December 3rd. Qualcomm’s dividend payout ratio is currently 28.98%.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Automotive revenue reportedly reached a record $1.99 billion, up 89%, and Qualcomm expects non-handset revenue to grow more than 60% in fiscal 2027. Those businesses could help offset softness in smartphones. Article
• Positive Sentiment: ETFs recorded $28.3 million in net QCOM purchases on Nov. 5, with more funds adding shares than trimming them—one indication of institutional demand. Article
• Neutral Sentiment: EVP Heather Ace sold 3,200 shares under a pre-arranged Rule 10b5-1 plan and retained 39,379 shares, making the transaction a less direct signal about her view of the company. SEC filing
• Negative Sentiment: Freedom Broker downgraded Qualcomm from Buy to Hold and cut its price target to $185 from $200, citing expectations that investment in newer growth businesses will pressure margins longer than anticipated. Article
• Negative Sentiment: Handset revenue reportedly fell 26%, while earnings guidance was below expectations, renewing concerns about the company’s dependence on its smartphone-chip business. Article

Institutional Investors Weigh In On Qualcomm

Hedge funds have recently added to or reduced their stakes in the company. Baxter Bros Inc. bought a new position in shares of Qualcomm during the 2nd quarter valued at $17,844,000. Y Intercept Hong Kong Ltd bought a new stake in Qualcomm in the second quarter worth $28,068,000. Cullinan Associates Inc. lifted its stake in Qualcomm by 11.3% in the third quarter. Cullinan Associates Inc. now owns 55,373 shares of the wireless technology company’s stock worth $10,191,000 after purchasing an additional 5,629 shares during the last quarter. Tensor Edge Capital LLC purchased a new stake in Qualcomm during the second quarter valued at about $147,315,000. Finally, Sawyer & Company Inc purchased a new stake in Qualcomm during the third quarter valued at about $2,403,000. Institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Oppenheimer set a $200.00 price target on Qualcomm in a research report on Monday, July 27th. TD Cowen decreased their price objective on shares of Qualcomm from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, November 5th. Robert W. Baird set a $320.00 target price on shares of Qualcomm in a research note on Thursday, November 5th. Arete Research upgraded shares of Qualcomm to a “strong-buy” rating in a research report on Friday, October 16th. Finally, Wells Fargo & Company cut their price target on shares of Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.