Qualcomm (NASDAQ:QCOM) EVP Ann Chaplin Sells 1,501 Shares of Stock

Qualcomm Incorporated (NASDAQ:QCOM) EVP Ann Chaplin sold 1,501 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $161.54, for a total transaction of $242,471.54. Following the transaction, the executive vice president directly owned 27,271 shares of the company’s stock, valued at $4,405,357.34. The trade was a 5.22% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Stock Performance

QCOM stock traded up $8.66 during trading on Friday, reaching $165.41. 19,678,727 shares of the company’s stock were exchanged, compared to its average volume of 10,479,039. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The firm has a market cap of $176.63 billion, a PE ratio of 13.02, a P/E/G ratio of 3.65 and a beta of 1.70. The company’s fifty day moving average price is $178.11 and its 200-day moving average price is $169.52. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.16 by $0.01. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $10.44 billion for the quarter, compared to analysts’ expectations of $10.12 billion. During the same quarter last year, the company earned $3.00 EPS. Qualcomm’s quarterly revenue was down 8.4% on a year-over-year basis. On average, research analysts expect that Qualcomm Incorporated will post 7.16 EPS for the current fiscal year.

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a $0.92 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. Qualcomm’s dividend payout ratio (DPR) is 28.98%.

Key Headlines Impacting Qualcomm

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 Ratings Changes

Several brokerages recently commented on QCOM. The Goldman Sachs Group reissued a “neutral” rating on shares of Qualcomm in a report on Thursday. HSBC reaffirmed a “hold” rating on shares of Qualcomm in a research note on Wednesday, July 15th. TD Cowen lowered their price target on Qualcomm from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday. Sanford C. Bernstein lowered their price target on Qualcomm from $165.00 to $155.00 and set a “market perform” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. dropped their price objective on Qualcomm from $215.00 to $200.00 and set a “neutral” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Qualcomm currently has a consensus rating of “Hold” and a consensus target price of $197.55.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Qualcomm during the 2nd quarter worth approximately $17,583,115,000. Bank of New York Mellon Corp acquired a new position in shares of Qualcomm in the 2nd quarter valued at about $1,523,930,000. Deutsche Bank AG acquired a new position in shares of Qualcomm in the 2nd quarter valued at about $1,178,349,000. Amundi lifted its position in shares of Qualcomm by 94.1% in 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 lifted its position in shares of Qualcomm by 22.7% in 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. 74.35% of the stock is owned by hedge funds and other institutional investors.

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.