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

Qualcomm Incorporated (NASDAQ:QCOM) CAO Patricia Grech sold 98 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $186.55, for a total transaction of $18,281.90. The sale was disclosed in a legal 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 Performance

NASDAQ QCOM traded up $2.78 on Friday, reaching $184.87. 10,109,509 shares of the company’s stock traded hands, compared to its average volume of 15,547,064. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. 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 firm has a market cap of $194.16 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 3.83 and a beta of 1.65. The stock has a 50 day moving average price of $171.12 and a 200-day moving average price of $176.00.

Qualcomm (NASDAQ:QCOM) last announced 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 company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities research analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on QCOM shares. Mizuho boosted their price target on Qualcomm from $170.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, June 29th. UBS Group dropped their price objective on shares of Qualcomm from $190.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Cantor Fitzgerald cut their target price on shares of Qualcomm from $200.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Zacks Research cut shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 15th. Finally, Lake Street Capital downgraded shares of Qualcomm to a “hold” rating in a report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $204.10.

Hedge Funds Weigh In On Qualcomm

A number of hedge funds have recently bought and sold shares of QCOM. Your Advocates Ltd. LLP acquired a new position in shares of Qualcomm during the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd grew its stake in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares during the period. Commonwealth Retirement Investments LLC acquired a new stake in Qualcomm in the 4th quarter valued at $32,000. ABS Investment Management LLC acquired a new stake in Qualcomm in the 2nd quarter valued at $34,000. Finally, ABS Direct Equity Fund LLC purchased a new stake in Qualcomm in the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

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.