Key Points
- Qualcomm CAO Patricia Grech sold 625 shares at an average price of $162.85, totaling $101,781.25. The Rule 10b5-1 transaction reduced her ownership by 75.03%, leaving her with 208 shares.
- Qualcomm’s latest quarterly revenue reached $9.95 billion, exceeding expectations, but EPS of $2.21 narrowly missed estimates and revenue declined 4% year over year. The company guided to fourth-quarter EPS of $2.05–$2.25.
- The company declared a quarterly dividend of $0.92 per share, equivalent to a 2.3% annual yield. Wall Street’s consensus rating is Hold, with an average price target of $203.63.
Qualcomm Incorporated (NASDAQ:QCOM - Get Free Report) CAO Patricia Grech sold 625 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the sale, the chief accounting officer owned 208 shares of the company's stock, valued at $33,872.80. This trade represents a 75.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Qualcomm Price Performance
NASDAQ QCOM opened at $160.75 on Friday. The company has a market capitalization of $168.83 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The business's fifty day moving average is $178.26 and its 200 day moving average is $168.01. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92.
Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $9.69 billion. During the same quarter in the previous year, the company earned $2.77 EPS. The business's quarterly revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.
Qualcomm Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio is currently 42.59%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. UBS Group lowered their price target on shares of Qualcomm from $190.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Cantor Fitzgerald reduced their price objective on shares of Qualcomm from $200.00 to $165.00 and set a "neutral" rating for the company in a research note on Monday, July 27th. Dbs Bank upgraded shares of Qualcomm to a "moderate buy" rating in a research report on Tuesday, July 7th. Argus set a $220.00 target price on shares of Qualcomm in a research note on Friday, May 1st. Finally, Tigress Financial upped their target price on shares of Qualcomm from $270.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $203.63.
Get Our Latest Analysis on Qualcomm
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Torren Management LLC bought a new stake in shares of Qualcomm during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after acquiring an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. bought a new position in shares of Qualcomm during the fourth quarter worth $31,000. ABS Investment Management LLC purchased a new position in Qualcomm during the second quarter valued at $34,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in Qualcomm during the fourth quarter valued at $32,000. 74.35% of the stock is currently owned by institutional investors.
About Qualcomm
(
Get Free Report)
Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.
The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.
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