QUALCOMM (NASDAQ:QCOM) CFO Akash Palkhiwala Sells 3,333 Shares

by · The Cerbat Gem

QUALCOMM Incorporated (NASDAQ:QCOM – Get Free Report) CFO Akash Palkhiwala sold 3,333 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $170.33, for a total value of $567,709.89. Following the completion of the sale, the chief financial officer owned 33,208 shares of the company’s stock, valued at $5,656,318.64. This trade represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

QUALCOMM Trading Up 0.4%

NASDAQ:QCOM traded up $0.68 during trading hours on Monday, hitting $171.57. The company had a trading volume of 10,105,130 shares, compared to its average volume of 8,762,190. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $167.46 and a 200 day moving average of $158.15. The company has a market cap of $183.75 billion, a P/E ratio of 16.54, a P/E/G ratio of 2.59 and a beta of 1.26.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. During the same period in the previous year, the firm earned $2.69 EPS. The business’s revenue was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Sell-side analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio is currently 72.80%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. waypoint wealth counsel raised its position in QUALCOMM by 2.2% during the 3rd quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock worth $476,000 after buying an additional 61 shares during the last quarter. Greykasell Wealth Strategies Inc. boosted its holdings in QUALCOMM by 1.5% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock valued at $686,000 after purchasing an additional 61 shares in the last quarter. Baron Wealth Management LLC increased its position in QUALCOMM by 4.5% during the 3rd quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock worth $238,000 after purchasing an additional 62 shares during the period. Avion Wealth raised its stake in shares of QUALCOMM by 16.7% during the 2nd quarter. Avion Wealth now owns 441 shares of the wireless technology company’s stock worth $70,000 after buying an additional 63 shares in the last quarter. Finally, Insight Advisors LLC PA lifted its holdings in shares of QUALCOMM by 1.8% in the 2nd quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company’s stock valued at $556,000 after buying an additional 63 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on QCOM shares. Wall Street Zen cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Wells Fargo & Company boosted their price target on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a report on Thursday. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the company an “outperform” rating in a report on Monday, July 28th. JPMorgan Chase & Co. lifted their price target on QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Finally, Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.38.

Check Out Our Latest Stock Report 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.

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