Investors Buy Large Volume of QUALCOMM Call Options (NASDAQ:QCOM)

by · The Cerbat Gem

QUALCOMM Incorporated (NASDAQ:QCOM – Get Free Report) was the target of unusually large options trading on Wednesday. Stock investors purchased 105,574 call options on the company. This is an increase of 73% compared to the typical daily volume of 61,147 call options.

Insiders Place Their Bets

In related news, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the transaction, the insider owned 19,593 shares in the company, valued at $3,387,041.91. This trade represents a 7.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $170.33, for a total value of $567,709.89. Following the sale, the chief financial officer directly owned 33,208 shares of the company’s stock, valued at approximately $5,656,318.64. This represents a 9.12% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 164,661 shares of company stock valued at $27,292,820. 0.08% of the stock is owned by corporate insiders.

Institutional Trading of QUALCOMM

Several large investors have recently made changes to their positions in the company. Brighton Jones LLC grew its stake in QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after acquiring an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after purchasing an additional 340 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in shares of QUALCOMM by 0.3% in the first quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company’s stock valued at $3,879,000 after purchasing an additional 69 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of QUALCOMM in the first quarter valued at approximately $3,914,000. Finally, Advyzon Investment Management LLC purchased a new position in QUALCOMM during the first quarter worth approximately $309,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Price Performance

QCOM traded up $4.32 during midday trading on Wednesday, hitting $175.02. 5,039,392 shares of the company traded hands, compared to its average volume of 8,760,550. The business has a 50 day simple moving average of $169.35 and a two-hundred day simple moving average of $160.73. QUALCOMM has a 52-week low of $120.80 and a 52-week high of $205.95. The company has a market capitalization of $187.45 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 3.68 and a beta of 1.22. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70.

QUALCOMM (NASDAQ:QCOM – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. The firm had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, equities analysts forecast that QUALCOMM will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.0%. QUALCOMM’s payout ratio is currently 72.80%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on QCOM shares. Susquehanna set a $210.00 target price on QUALCOMM in a research report on Thursday, November 6th. Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a report on Thursday, November 6th. TD Cowen boosted their target price on shares of QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. upped their price target on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Finally, Arete Research set a $200.00 price objective on QUALCOMM in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and an average price target of $190.38.

Check Out Our Latest Analysis on QUALCOMM

About QUALCOMM

(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.

Featured Articles