Insider Selling: Qualcomm (NASDAQ:QCOM) CEO Sells $1,800,000.00 in Stock

Qualcomm Incorporated (NASDAQ:QCOMGet Free Report) CEO Cristiano Amon sold 10,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $180.00, for a total value of $1,800,000.00. Following the transaction, the chief executive officer directly owned 197,568 shares in the company, valued at approximately $35,562,240. This represents a 4.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $192.61 on Thursday. The company has a market cap of $203.01 billion, a P/E ratio of 20.94, a P/E/G ratio of 23.02 and a beta of 1.49. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $205.95. The business has a fifty day simple moving average of $137.61 and a 200-day simple moving average of $155.61.

Qualcomm (NASDAQ:QCOMGet Free Report) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same period in the prior year, the business posted $2.85 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities research analysts forecast that Qualcomm Incorporated will post 8.02 EPS for the current year.

Qualcomm declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Qualcomm Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, June 4th. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s payout ratio is currently 40.00%.

Analysts Set New Price Targets

Several equities analysts recently commented on QCOM shares. UBS Group upped their price target on shares of Qualcomm from $150.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Seaport Research Partners reissued a “sell” rating and set a $100.00 price objective on shares of Qualcomm in a research note on Monday, March 16th. Evercore set a $179.00 price objective on Qualcomm in a report on Thursday, April 30th. Citigroup increased their target price on Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $146.00 target price on shares of Qualcomm in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $172.40.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. World Investment Advisors grew its stake in Qualcomm by 14.3% during the 4th quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock worth $11,103,000 after buying an additional 8,130 shares during the last quarter. NBC Securities Inc. increased its position in Qualcomm by 47.5% in the fourth quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock worth $3,197,000 after buying an additional 6,018 shares during the period. Swedbank AB lifted its stake in Qualcomm by 1.5% in the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock valued at $262,291,000 after buying an additional 23,110 shares during the last quarter. Inscription Capital LLC boosted its holdings in shares of Qualcomm by 58.1% during the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock valued at $2,172,000 after acquiring an additional 4,799 shares during the period. Finally, Wealthfront Advisers LLC boosted its holdings in shares of Qualcomm by 9.9% during the fourth quarter. Wealthfront Advisers LLC now owns 121,828 shares of the wireless technology company’s stock valued at $20,839,000 after acquiring an additional 10,927 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

About Qualcomm

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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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Insider Buying and Selling by Quarter for Qualcomm (NASDAQ:QCOM)

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