Rep. Ritchie Torres Sells QUALCOMM Incorporated (NASDAQ:QCOM) Stock

Key Points

• Representative Ritchie Torres sold between $1,001 and $15,000 in QUALCOMM (NASDAQ:QCOM) stock on July 11th, with the sale disclosed in a filing on August 20th.
• QUALCOMM shares rose by 2.5% to $158.01, with a market capitalization of $170.49 billion and a price-to-earnings ratio of 15.24.
• The company announced a quarterly dividend of $0.89, representing an annualized dividend of $3.56 and a yield of 2.3%, payable on September 25th.

Representative Ritchie Torres (D-New York) recently sold shares of QUALCOMM Incorporated NASDAQ: QCOM. In a filing disclosed on August 20th, the Representative disclosed that they had sold between $1,001 and $15,000 in QUALCOMM stock on July 11th.

Representative Ritchie Torres also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Equity Lifestyle Properties NYSE: ELS on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Northrop Grumman NYSE: NOC on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Emerson Electric NYSE: EMR on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 7/11/2025.
• Sold $1,001 - $15,000 in shares of MetLife NYSE: MET on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Oracle NYSE: ORCL on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Equity Residential NYSE: EQR on 7/11/2025.
• Sold $1,001 - $15,000 in shares of McKesson NYSE: MCK on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Ares Management NYSE: ARES on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Otis Worldwide NYSE: OTIS on 7/11/2025.

QUALCOMM Trading Up 2.5%

Shares of QUALCOMM stock traded up $3.88 during trading hours on Friday, reaching $158.01. The stock had a trading volume of 7,709,088 shares, compared to its average volume of 8,388,377. The firm has a 50 day simple moving average of $155.57 and a two-hundred day simple moving average of $153.30. The firm has a market capitalization of $170.49 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 2.27 and a beta of 1.23. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10.

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

QUALCOMM Dividend Announcement

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

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the transaction, the insider directly owned 21,193 shares in the company, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,390 shares of company stock valued at $1,874,817. 0.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QUALCOMM

A number of hedge funds and other institutional investors have recently modified their holdings of QCOM. Banque Transatlantique SA acquired a new stake in QUALCOMM during the 4th quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC raised its position in 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 valued at $26,000 after acquiring an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its position in 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 valued at $26,000 after acquiring an additional 93 shares in the last quarter. WFA Asset Management Corp bought a new position in QUALCOMM during the first quarter valued at approximately $27,000. Finally, Sunbeam Capital Management LLC bought a new position in QUALCOMM during the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on QCOM. Robert W. Baird cut their target price on QUALCOMM from $250.00 to $216.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company cut their price target on QUALCOMM from $175.00 to $140.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. Wall Street Zen downgraded QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Evercore ISI cut their target price on QUALCOMM from $179.00 to $157.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $181.10.

About Representative Torres

Ritchie Torres (Democratic Party) is a member of the U.S. House, representing New York's 15th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Torres (Democratic Party) ran for re-election to the U.S. House to represent New York's 15th Congressional District. He won in the general election on November 5, 2024. Ritchie Torres lives in the Bronx, New York.

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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