Qualcomm (NASDAQ:QCOM) Stock: Insider Sylvia Acevedo Sells 61 Shares

Qualcomm Incorporated (NASDAQ:QCOM) Director Sylvia Acevedo sold 61 shares of Qualcomm stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $166.05, for a total value of $10,129.05. Following the transaction, the director directly owned 9,008 shares in the company, valued at approximately $1,495,778.40. The trade was a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Qualcomm Price Performance

NASDAQ QCOM traded up $8.66 on Friday, reaching $165.41. The company’s stock had a trading volume of 19,678,727 shares, compared to its average volume of 10,479,039. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. 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 stock has a market cap of $176.63 billion, a PE ratio of 18.33, a PEG ratio of 3.65 and a beta of 1.70. The firm’s 50 day moving average is $178.11 and its two-hundred day moving average is $169.52.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.01. The company had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.12 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.00 EPS. As a group, sell-side analysts predict that Qualcomm Incorporated will post 7.16 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. Qualcomm’s dividend payout ratio is currently 28.98%.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s fiscal Q4 revenue of $10.44 billion and non-GAAP EPS of $2.17 edged past estimates. Automotive growth and the company’s data-center ambitions offer potential sources of diversification. Article: Is Qualcomm Stock Worth Buying After Mixed Q4 Results?
• Positive Sentiment: A broader market recovery helped lift shares after Thursday’s sharp sell-off, as investors reassessed fears that election-related policy changes could slow data-center investment. Article: Tech executives react to post-midterm AI sell-off
• Positive Sentiment: Alphabet disclosed a $548 million Qualcomm stake, a potentially supportive signal of institutional investor interest. Article: Alphabet discloses Qualcomm stake
• Positive Sentiment: Qualcomm is also set to provide chips and software for SpaceX’s planned terrestrial mobile network, adding a potential opportunity beyond its traditional handset market. Article: SpaceX Qualcomm 5G deal
• Neutral Sentiment: EVP Ann Chaplin sold 1,501 shares under a pre-arranged Rule 10b5-1 plan and retained 27,271 shares; the planned sale may carry limited signaling weight. SEC filing
• Negative Sentiment: Despite the beat, year-over-year revenue and earnings declined, and weak profit guidance, handset softness and rising component costs are weighing on expectations. Analysts have also cut price targets, while concerns about data-center investment and margins remain. Article: Qualcomm beat earnings, but its fastest-growing businesses have a catch

Analyst Upgrades and Downgrades

Several research analysts have issued reports on QCOM shares. KeyCorp restated a “sector weight” rating on shares of Qualcomm in a research report on Wednesday, September 9th. Zacks Research downgraded Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 15th. JPMorgan Chase & Co. reduced their price objective on Qualcomm from $215.00 to $200.00 and set a “neutral” rating for the company in a research note on Thursday. Citigroup decreased their target price on Qualcomm from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Finally, TD Cowen cut their target price on Qualcomm from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $197.55.

Institutional Trading of Qualcomm

Large investors have recently added to or reduced their stakes in the company. Baxter Bros Inc. purchased a new position in Qualcomm during the 2nd quarter valued at about $17,844,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Qualcomm in the 2nd quarter valued at about $28,068,000. Tensor Edge Capital LLC acquired a new position in shares of Qualcomm in the 2nd quarter valued at about $147,315,000. Sawyer & Company Inc purchased a new stake in shares of Qualcomm in the third quarter worth approximately $2,403,000. Finally, Robinson Value Management Ltd. lifted its position in shares of Qualcomm by 40.5% in the third quarter. Robinson Value Management Ltd. now owns 34,184 shares of the wireless technology company’s stock worth $6,291,000 after purchasing an additional 9,858 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

About Qualcomm

Qualcomm Incorporated is a technology company that develops wireless communications technologies and semiconductor products. Its chips and related systems are used in smartphones and other connected devices, with products spanning mobile processors, modem-radio frequency systems, and connectivity solutions. The Snapdragon brand includes platforms for mobile devices as well as computing, automotive, and extended-reality applications.

Qualcomm also develops technology for automotive systems and the Internet of Things, including connectivity and processing solutions for vehicles, industrial equipment, and consumer devices.