Insider Selling: Qualcomm (NASDAQ:QCOM) EVP Sells $408,150.00 in Stock

Qualcomm Incorporated (NASDAQ:QCOM) EVP Akash Palkhiwala sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the sale, the executive vice president directly owned 20,684 shares of the company’s stock, valued at approximately $3,376,869.84. This represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Stock Performance

Qualcomm stock opened at $165.79 on Friday. The stock has a market cap of $174.12 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 15.16 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The stock’s 50 day simple moving average is $182.72 and its two-hundred day simple moving average is $167.72. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, analysts expect that Qualcomm Incorporated will post 7.76 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, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. Qualcomm’s dividend payout ratio is currently 42.59%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on QCOM shares. Melius Research set a $220.00 target price on shares of Qualcomm in a research note on Monday, May 18th. The Goldman Sachs Group set a $160.00 price target on Qualcomm in a research report on Thursday, July 30th. Citigroup cut their price target on Qualcomm from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Barclays reaffirmed an “underweight” rating and set a $180.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein set a $165.00 price objective on Qualcomm in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $203.63.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Your Advocates Ltd. LLP purchased a new stake in Qualcomm during the 1st quarter valued at $26,000. Torren Management LLC purchased a new position in shares of Qualcomm in the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Qualcomm by 17,000.0% in the fourth 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. Birchwood Financial Partners Inc. bought a new stake in shares of Qualcomm in the fourth quarter worth $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in Qualcomm during the fourth quarter valued at $32,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

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.