Insider Selling: QUALCOMM (NASDAQ:QCOM) CFO Sells 8,335 Shares of Stock

Key Points

• QUALCOMM CFO Akash Palkhiwala sold 8,335 shares of stock on October 20th, at an average price of $166.06, which totals over $1.38 million and represents an 18.57% decrease in his stock ownership.
• The company recently declared a quarterly dividend of $0.89 per share, to be paid on December 18th, with a dividend yield of 2.1% and a payout ratio of 34.33%.
• QUALCOMM's stock performance includes a recent trading price of $167.04 and a market cap of approximately $180.24 billion, with a strong twelve-month revenue growth of 10.4% year-over-year.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) CFO Akash Palkhiwala sold 8,335 shares of the business's stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $166.06, for a total value of $1,384,110.10. Following the transaction, the chief financial officer owned 36,541 shares of the company's stock, valued at approximately $6,067,998.46. This represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM traded up $3.59 during midday trading on Monday, hitting $167.04. 8,187,958 shares of the company's stock were exchanged, compared to its average volume of 8,235,725. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The stock's 50 day moving average price is $162.00 and its 200-day moving average price is $153.84. The firm has a market cap of $180.24 billion, a P/E ratio of 16.11, a PEG ratio of 2.38 and a beta of 1.23. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM's dividend payout ratio is currently 34.33%.

Hedge Funds Weigh In On QUALCOMM

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in QUALCOMM by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company's stock worth $18,260,635,000 after buying an additional 290,799 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its holdings in shares of QUALCOMM by 656,661.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock valued at $9,360,274,000 after purchasing an additional 58,764,593 shares during the period. State Street Corp raised its holdings in QUALCOMM by 0.8% in the 2nd quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company's stock valued at $8,547,014,000 after acquiring an additional 420,352 shares during the period. Norges Bank bought a new position in QUALCOMM in the 2nd quarter valued at about $2,713,603,000. Finally, Amundi raised its holdings in QUALCOMM by 38.2% in the 2nd quarter. Amundi now owns 11,533,094 shares of the wireless technology company's stock valued at $1,866,451,000 after acquiring an additional 3,186,524 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on QCOM shares. Citigroup reissued a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Piper Sandler reduced their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of QUALCOMM in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Company Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

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