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

Qualcomm Incorporated (NASDAQ:QCOM) EVP Ann Chaplin sold 1,501 shares of the firm’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $161.54, for a total transaction of $242,471.54. Following the completion of the sale, the executive vice president owned 27,271 shares of the company’s stock, valued at $4,405,357.34. This trade represents a 5.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Stock Performance

Shares of NASDAQ:QCOM opened at $165.41 on Friday. The company has a market capitalization of $176.99 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 3.73 and a beta of 1.70. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The firm’s 50-day moving average is $178.11 and its 200 day moving average is $169.52. The company has a current ratio of 1.86, a quick ratio of 1.28 and a debt-to-equity ratio of 0.42.

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, topping analysts’ consensus estimates of $2.16 by $0.01. The company had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.12 billion. Qualcomm had a net margin of 31.60% and a return on equity of 30.62%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.00 EPS. Research 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.2%. Qualcomm’s dividend payout ratio is currently 28.98%.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of research analyst reports. Cantor Fitzgerald decreased their price target on Qualcomm from $200.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. TD Cowen cut their price objective on Qualcomm from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday. Rosenblatt Securities reduced their target price on Qualcomm from $235.00 to $205.00 and set a “buy” rating on the stock in a research note on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Qualcomm in a research report on Monday, September 21st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Qualcomm from $215.00 to $200.00 and set a “neutral” rating for the company in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Qualcomm currently has a consensus rating of “Hold” and an average price target of $197.55.

Institutional Trading of Qualcomm

Several institutional investors and hedge funds have recently modified their holdings of the stock. Baxter Bros Inc. purchased a new stake in shares of Qualcomm in the 2nd quarter valued at about $17,844,000. Y Intercept Hong Kong Ltd purchased a new position in Qualcomm during the 2nd quarter worth approximately $28,068,000. Tensor Edge Capital LLC purchased a new position in Qualcomm during the 2nd quarter worth approximately $147,315,000. Sawyer & Company Inc purchased a new position in Qualcomm during the 3rd quarter worth approximately $2,403,000. Finally, Robinson Value Management Ltd. increased its position in Qualcomm by 40.5% during the third quarter. Robinson Value Management Ltd. now owns 34,184 shares of the wireless technology company’s stock worth $6,291,000 after buying an additional 9,858 shares during the period. Institutional investors own 74.35% of the company’s stock.

Trending Headlines about 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

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.