QUALCOMM (NASDAQ:QCOM) CAO Sells $44,067.66 in Stock

Key Points

• QUALCOMM's CAO Patricia Grech sold 273 shares of stock for $44,067.66, marking a 40.32% decrease in her shareholding.
• The company reported a quarterly EPS of $2.77, exceeding estimates, with a revenue increase of 10.4% compared to the same quarter last year.
• QUALCOMM recently declared a quarterly dividend of $0.89 per share, representing an annualized dividend yield of 2.2%.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) CAO Patricia Grech sold 273 shares of QUALCOMM stock in a transaction on Friday, September 12th. The shares were sold at an average price of $161.42, for a total value of $44,067.66. Following the completion of the sale, the chief accounting officer owned 404 shares in the company, valued at $65,213.68. This represents a 40.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

QUALCOMM Stock Down 0.4%

QCOM traded down $0.61 on Monday, hitting $161.22. 5,602,104 shares of the company were exchanged, compared to its average volume of 8,280,066. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. 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 $173.96 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 2.35 and a beta of 1.21. The firm has a 50-day moving average price of $156.39 and a two-hundred day moving average price of $152.01.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating 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 firm's revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors 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 2.2%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is presently 34.33%.

Institutional Investors Weigh In On QUALCOMM

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QCOM. Brighton Jones LLC grew its holdings in QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after purchasing an additional 340 shares during the last quarter. Sentinus LLC increased its stake in shares of QUALCOMM by 11.1% in the fourth quarter. Sentinus LLC now owns 1,733 shares of the wireless technology company's stock worth $266,000 after purchasing an additional 173 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of QUALCOMM by 73.4% in the fourth quarter. Toronto Dominion Bank now owns 695,793 shares of the wireless technology company's stock worth $106,886,000 after purchasing an additional 294,501 shares in the last quarter. Finally, Strategic Global Advisors LLC boosted its position in shares of QUALCOMM by 4.1% in the fourth quarter. Strategic Global Advisors LLC now owns 23,347 shares of the wireless technology company's stock valued at $3,587,000 after acquiring an additional 925 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on QCOM shares. Piper Sandler lowered their price objective on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Wall Street Zen downgraded QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Mizuho dropped their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. 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, Citigroup reissued a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $182.82.

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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