QUALCOMM (NASDAQ:QCOM) CAO Neil Martin Sells 791 Shares

Key Points

• QUALCOMM's CAO Neil Martin sold 791 shares at an average price of $154.82, decreasing his position by 41.70% to a total of 1,106 shares valued at approximately $171,230.92.
• The company reported a 10.4% year-over-year revenue increase in its latest earnings, with an EPS of $2.77, surpassing analyst expectations.
• QUALCOMM has declared a quarterly dividend of $0.89 per share, reflecting an annualized dividend of $3.56 with a yield of 2.3%.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) CAO Neil Martin sold 791 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the transaction, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at approximately $171,230.92. The trade was a 41.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

QUALCOMM Price Performance

NASDAQ QCOM traded down $1.31 during trading on Thursday, hitting $154.13. 4,989,975 shares of the company's stock were exchanged, compared to its average volume of 8,392,606. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market cap of $166.31 billion, a PE ratio of 14.86, a P/E/G ratio of 2.28 and a beta of 1.23. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The stock's 50 day moving average price is $155.66 and its two-hundred day moving average price is $153.41.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate 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 business's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 4th. QUALCOMM's payout ratio is 34.33%.

Hedge Funds Weigh In On QUALCOMM

Institutional investors have recently added to or reduced their stakes in the business. WFA Asset Management Corp acquired a new position in QUALCOMM in the first quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC raised its position in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 93 shares during the period. Banque Transatlantique SA acquired a new position in shares of QUALCOMM during the fourth quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 70 shares during the period. Finally, Sunbeam Capital Management LLC acquired a new position in shares of QUALCOMM during the fourth quarter worth approximately $29,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on QCOM shares. Rosenblatt Securities restated a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. Bank of America reduced their price target on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. Cantor Fitzgerald restated a "neutral" rating and set a $150.00 price target on shares of QUALCOMM in a report on Thursday, May 1st. Finally, Evercore ISI reduced their price target on QUALCOMM from $179.00 to $157.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $181.10.

About QUALCOMM

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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