Patricia Grech Sells 513 Shares of QUALCOMM (NASDAQ:QCOM) Stock
Patricia Grech, CAO of QUALCOMM, sold 513 shares of the company at $160.95 each, totaling $82,567.35, reducing her position by 71.65%. Post-sale, she owns 203 shares valued at $32,672.85. QUALCOMM's stock rose 2.3% to $163.30, with a market cap of $174.89 billion. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average target price of $190.38. QUALCOMM announced a quarterly dividend of $0.89 per share, payable on December 18th.
QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) CAO Patricia Grech sold 513 shares of the company's stock in a transaction on Friday, November 21st. The stock was sold at an average price of $160.95, for a total transaction of $82,567.35. Following the completion of the transaction, the chief accounting officer owned 203 shares of the company's stock, valued at $32,672.85. This trade represents a 71.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
QUALCOMM Trading Up 2.3%
- MarketBeat Week in Review – 11/17 - 11/21
Shares of NASDAQ QCOM traded up $3.71 during midday trading on Friday, hitting $163.30. 10,811,370 shares of the company traded hands, compared to its average volume of 8,798,785. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95. The firm has a market cap of $174.89 billion, a P/E ratio of 15.75, a P/E/G ratio of 2.59 and a beta of 1.26. The stock has a 50-day moving average price of $169.31 and a 200 day moving average price of $159.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.13. The business had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $10.74 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business's revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.
QUALCOMM Dividend Announcement
- Qualcomm’s Bulls Are Running Out of Room to Be Wrong
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, December 4th. QUALCOMM's dividend payout ratio is 72.80%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Bank of America lifted their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, November 6th. Wells Fargo & Company increased their target price on QUALCOMM from $140.00 to $165.00 and gave the stock an "underweight" rating in a research note on Thursday, November 6th. Cowen restated a "buy" rating on shares of QUALCOMM in a research note on Thursday, November 6th. Wall Street Zen raised shares of QUALCOMM from a "hold" rating to a "buy" rating in a report on Saturday, November 15th. Finally, Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $190.38.
- MarketBeat Week in Review – 11/10 - 11/14
Read Our Latest Analysis on QUALCOMM
Hedge Funds Weigh In On QUALCOMM
A number of institutional investors have recently bought and sold shares of QCOM. Guinness Asset Management LTD raised its holdings 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 buying an additional 5,779 shares during the period. CORDA Investment Management LLC. increased its position in shares of QUALCOMM by 18.6% in the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company's stock valued at $3,579,000 after acquiring an additional 3,524 shares during the period. PFG Advisors raised its stake 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 worth $663,000 after purchasing an additional 321 shares during the last quarter. Russell Investments Group Ltd. raised its position in QUALCOMM by 12.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock worth $203,904,000 after buying an additional 145,509 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its position in QUALCOMM by 0.5% during the first quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company's stock valued at $3,713,000 after purchasing an additional 129 shares during the period. 74.35% of the stock is owned by institutional investors.
QUALCOMM Company Profile
(Get Free Report)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.
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