Representative Jefferson Shreve (R-Indiana) recently sold shares of QUALCOMM Incorporated NASDAQ: QCOM. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in QUALCOMM stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
- Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
- Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
- Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.
QUALCOMM Stock Up 0.5%
QCOM stock traded up $0.75 during trading on Wednesday, hitting $152.09. 2,529,358 shares of the stock traded hands, compared to its average volume of 8,914,786. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $230.63. The firm's 50 day moving average is $146.16 and its two-hundred day moving average is $157.25. The stock has a market cap of $167.00 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.82 by $0.03. The firm had revenue of $10.98 billion for the quarter, compared to the consensus estimate of $10.58 billion. QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. The business's quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.44 EPS. On average, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.
QUALCOMM Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.34%. This is an increase from QUALCOMM's previous quarterly dividend of $0.85. The ex-dividend date is Thursday, June 5th. QUALCOMM's dividend payout ratio is 36.25%.
Insider Buying and Selling at QUALCOMM
In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,337 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $156.82, for a total transaction of $523,308.34. Following the transaction, the chief financial officer now owns 59,778 shares in the company, valued at $9,374,385.96. The trade was a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the transaction, the insider now owns 24,393 shares in the company, valued at $3,762,376.32. This trade represents a 6.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,312 shares of company stock worth $1,948,379 over the last quarter. Insiders own 0.08% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on QCOM. Rosenblatt Securities restated a "buy" rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, May 1st. Barclays dropped their price objective on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Cantor Fitzgerald reissued a "neutral" rating and issued a $150.00 price objective on shares of QUALCOMM in a report on Thursday, May 1st. Loop Capital dropped their price objective on shares of QUALCOMM from $180.00 to $155.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and issued a $185.00 price objective on shares of QUALCOMM in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, QUALCOMM currently has a consensus rating of "Hold" and an average price target of $192.08.
View Our Latest Report on QCOM
Institutional Investors Weigh In On QUALCOMM
Several institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in QUALCOMM by 5.2% during the third quarter. Principal Financial Group Inc. now owns 1,415,090 shares of the wireless technology company's stock valued at $240,636,000 after purchasing an additional 69,707 shares during the last quarter. Innova Wealth Partners lifted its position in QUALCOMM by 6.5% during the fourth quarter. Innova Wealth Partners now owns 1,461 shares of the wireless technology company's stock valued at $225,000 after purchasing an additional 89 shares during the last quarter. Farmers Trust Co. increased its position in QUALCOMM by 6.8% during the fourth quarter. Farmers Trust Co. now owns 3,136 shares of the wireless technology company's stock valued at $482,000 after acquiring an additional 201 shares during the last quarter. Ridgewood Investments LLC increased its position in QUALCOMM by 43.8% during the fourth quarter. Ridgewood Investments LLC now owns 12,858 shares of the wireless technology company's stock valued at $1,975,000 after acquiring an additional 3,917 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in QUALCOMM by 3.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 12,730 shares of the wireless technology company's stock valued at $1,956,000 after acquiring an additional 377 shares during the last quarter. Institutional investors own 74.35% of the company's stock.
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
About QUALCOMM
(
Get Free Report)
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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