Qualcomm (NASDAQ:QCOM) CAO Patricia Grech Sells 208 Shares of Stock

Qualcomm Incorporated (NASDAQ:QCOM) CAO Patricia Grech sold 208 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $170.00, for a total transaction of $35,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Trading Up 3.8%

Shares of QCOM opened at $170.48 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a 50 day simple moving average of $171.46 and a 200-day simple moving average of $169.06. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The stock has a market cap of $179.04 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 15.16 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The business also recently disclosed 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. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio is currently 42.59%.

Analyst Ratings Changes

QCOM has been the topic of several analyst reports. Oppenheimer set a $200.00 price target on shares of Qualcomm in a research note on Monday, July 27th. Robert W. Baird set a $400.00 price objective on shares of Qualcomm in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on shares of Qualcomm from $160.00 to $265.00 and gave the stock a “neutral” rating in a research report on Friday, June 5th. The Goldman Sachs Group set a $160.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Finally, Barclays reissued an “underweight” rating and set a $180.00 price target on shares of Qualcomm in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $203.76.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Your Advocates Ltd. LLP purchased a new position in Qualcomm during the first quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd grew its stake 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 valued at $29,000 after buying an additional 170 shares during the period. Birchwood Financial Partners Inc. acquired a new stake in shares of Qualcomm during the 4th quarter worth $31,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of Qualcomm during the 4th quarter worth $32,000. Finally, ABS Investment Management LLC purchased a new position in shares of Qualcomm in the 2nd quarter worth $34,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Qualcomm Company Profile

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.