Cristiano Amon Sells 150,000 Shares of QUALCOMM (NASDAQ:QCOM) Stock

QUALCOMM Incorporated (NASDAQ:QCOM) CEO Cristiano Amon sold 150,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the transaction, the chief executive officer directly owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

QUALCOMM Price Performance

QCOM stock opened at $169.18 on Friday. The business has a 50 day moving average price of $159.51 and a 200 day moving average price of $153.25. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The stock has a market cap of $182.55 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 2.47 and a beta of 1.23. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. The company had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, September 4th. QUALCOMM’s dividend payout ratio is currently 34.33%.

Institutional Investors Weigh In On QUALCOMM

A number of hedge funds and other institutional investors have recently modified their holdings of QCOM. Brighton Jones LLC increased its position in shares of QUALCOMM by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after buying an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after acquiring an additional 340 shares in the last quarter. Apella Capital LLC raised its position in QUALCOMM by 2.7% during the first quarter. Apella Capital LLC now owns 5,502 shares of the wireless technology company’s stock worth $790,000 after acquiring an additional 145 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of QUALCOMM by 23.5% in the first quarter. Financial Management Professionals Inc. now owns 1,128 shares of the wireless technology company’s stock valued at $173,000 after purchasing an additional 215 shares in the last quarter. Finally, Matrix Trust Co grew its position in shares of QUALCOMM by 46.3% in the first quarter. Matrix Trust Co now owns 904 shares of the wireless technology company’s stock valued at $139,000 after purchasing an additional 286 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of research analyst reports. Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. UBS Group lifted their price target on QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Bank of America decreased their price objective on QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, June 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. Finally, Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the stock an “outperform” rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average target price of $182.82.

About QUALCOMM

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.