Qualcomm (NASDAQ:QCOM) EVP Heather Ace Sells 3,200 Shares of Stock

Qualcomm Incorporated (NASDAQ:QCOM) EVP Heather Ace sold 3,200 shares of the business’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $165.42, for a total value of $529,344.00. Following the sale, the executive vice president owned 39,379 shares in the company, valued at approximately $6,514,074.18. The trade was a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Price Performance

NASDAQ QCOM traded up $6.06 during trading hours on Monday, hitting $171.47. The company had a trading volume of 16,484,755 shares, compared to its average volume of 15,211,118. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The firm has a 50 day simple moving average of $178.11 and a 200 day simple moving average of $169.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.86. The firm has a market capitalization of $183.47 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 2.61 and a beta of 1.70.

Qualcomm (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. Qualcomm had a return on equity of 30.62% and a net margin of 31.60%. The business had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.12 billion. During the same quarter in the previous year, the firm earned $3.00 EPS. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities research analysts expect that Qualcomm Incorporated will post 7.16 earnings per share for the current year.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a $0.92 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 annualized dividend and a yield of 2.1%. Qualcomm’s dividend payout ratio is currently 28.98%.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Automotive revenue rose 89% to a record $1.99 billion. Qualcomm expects non-handset revenue to grow by more than 60% in fiscal 2027, supporting its effort to diversify beyond smartphones. Qualcomm Auto Revenue Hits Record
• Positive Sentiment: ETFs made a net $28.3 million investment in Qualcomm on Nov. 5, with 49 funds adding shares and 16 reducing holdings. This signals some institutional demand, though it is not a guarantee of sustained buying. ETF Buying in Qualcomm
• Neutral Sentiment: Despite the downgrade, Freedom Broker’s new $185 price target remains above the $171.47 reference price in the report. Freedom Broker Downgrade
• Negative Sentiment: Freedom Broker cut its rating from “buy” to “hold” and lowered its price target to $185 from $200, reflecting reduced conviction in near-term upside. Freedom Broker Downgrade
• Negative Sentiment: Handset revenue fell 26%, and earnings guidance came in below expectations. Reports describe smartphone-industry headwinds as a near-term drag on Qualcomm’s core business, tempering the growth story in automotive and other markets. Qualcomm Handset Revenue and Outlook

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on QCOM shares. Sanford C. Bernstein reduced their price target on shares of Qualcomm from $165.00 to $155.00 and set a “market perform” rating for the company in a research report on Monday, November 2nd. Rosenblatt Securities decreased their price target on shares of Qualcomm from $235.00 to $205.00 and set a “buy” rating on the stock in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Qualcomm in a research report on Monday, September 21st. KeyCorp restated a “sector weight” rating on shares of Qualcomm in a research report on Wednesday, September 9th. Finally, Benchmark decreased their target price on Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $197.13.

Hedge Funds Weigh In On Qualcomm

A number of institutional investors have recently made changes to their positions in QCOM. BlackRock Inc. purchased a new position in Qualcomm in the 2nd quarter valued at approximately $17,583,115,000. Bank of New York Mellon Corp acquired a new position in Qualcomm during the second quarter worth $1,523,930,000. Deutsche Bank AG purchased a new stake in Qualcomm during the second quarter worth $1,178,349,000. Amundi boosted its position in Qualcomm by 94.1% during the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company’s stock worth $1,884,071,000 after purchasing an additional 4,942,908 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Qualcomm by 22.7% during the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock worth $3,178,872,000 after purchasing an additional 3,179,720 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Qualcomm Company Profile

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.