Patricia Grech Sells 203 Shares of QUALCOMM (NASDAQ:QCOM) Stock

QUALCOMM Incorporated (NASDAQ:QCOM) CAO Patricia Grech sold 203 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $172.87, for a total value of $35,092.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

QUALCOMM Stock Up 0.4%

NASDAQ:QCOM traded up $0.68 during midday trading on Monday, reaching $171.57. The company had a trading volume of 10,106,865 shares, compared to its average volume of 8,762,190. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95. The firm has a market capitalization of $183.75 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 2.59 and a beta of 1.26. 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 stock’s fifty day simple moving average is $167.46 and its 200-day simple moving average is $158.15.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.QUALCOMM’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company 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 dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s payout ratio is 72.80%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on QCOM. Piper Sandler lifted their price objective on shares of QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday. Susquehanna set a $210.00 price target on QUALCOMM in a report on Thursday. Wells Fargo & Company upped their price objective on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday. Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Tuesday, August 26th. Finally, Mizuho upped their price target on QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus target price of $190.38.

Institutional Trading of QUALCOMM

A number of large investors have recently bought and sold shares of QCOM. Guinness Asset Management LTD increased its position in shares of QUALCOMM by 11.6% in the second quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock worth $8,824,000 after acquiring an additional 5,779 shares in the last quarter. CORDA Investment Management LLC. increased its position in QUALCOMM by 18.6% during the second quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock worth $3,579,000 after buying an additional 3,524 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in QUALCOMM by 565.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock worth $19,098,000 after purchasing an additional 105,631 shares during the last quarter. PFG Advisors grew its position in shares of QUALCOMM by 8.0% in the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company’s stock valued at $663,000 after purchasing an additional 321 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in QUALCOMM by 12.3% during the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company’s stock worth $203,904,000 after acquiring an additional 145,509 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

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.