On November 7, 2023, Patricia Grech, the Chief Accounting Officer of QUALCOMM Incorporated, sold 203 shares of the company’s stock for a total of $35,092.61. The shares were traded at an average price of $172.87 each, and the transaction was officially disclosed in a document filed with the Securities and Exchange Commission.
Following this sale, QUALCOMM’s stock showed a slight increase, rising by $0.68 during midday trading on November 8, reaching $171.57. The trading volume for the day was approximately 10,106,865 shares, surpassing the average volume of 8,762,190 shares. QUALCOMM has maintained a strong financial position, with a current ratio of 3.19, a quick ratio of 2.38, and a debt-to-equity ratio of 0.54.
Financial Performance and Analyst Ratings
QUALCOMM’s recent performance in the market reflects its ongoing resilience. The company reported earnings of $3.00 per share for the fourth quarter, exceeding analysts’ expectations of $2.87 by $0.13. Revenue for the quarter was $11.27 billion, significantly higher than the anticipated $10.74 billion. This marks a 10.0% increase in revenue compared to the same quarter the previous year.
The company’s net margin stood at 26.77%, with a return on equity of 40.35%. QUALCOMM’s quarterly earnings guidance for Q1 2026 is projected between $3.30 and $3.50 per share. Analysts forecast an average earnings per share of 9.39 for the current year, highlighting a generally positive outlook for the company.
Wall Street analysts have varied opinions on QUALCOMM’s stock. Recent reports indicate that Wall Street Zen downgraded the company’s stock from a “buy” to a “hold” rating. Conversely, Cowen reaffirmed a “buy” rating, while Mizuho and Bank of America both raised their target prices to $200.00 and $215.00 respectively. Overall, the consensus rating is categorized as a “Moderate Buy,” with an average target price of $190.38.
Institutional Investments and Ownership Structure
Recent trading activity has seen significant changes among institutional investors in QUALCOMM. Vermillion & White Wealth Management Group LLC increased its holdings in QUALCOMM by 122.4% during the first quarter, now owning 169 shares valued at approximately $26,000. Harbor Capital Advisors Inc. also grew its position by 72.2%, adding significantly to its share count.
As of now, institutional investors own approximately 74.35% of QUALCOMM’s stock, indicating a strong institutional commitment to the company. This backing may contribute to the company’s stability and growth potential moving forward.
QUALCOMM Incorporated remains a key player in the wireless technology sector, focusing on developing and commercializing foundational technologies that drive the industry. The company operates through various segments, including Qualcomm CDMA Technologies (QCT) and Qualcomm Technology Licensing (QTL), positioning itself for continued innovation and market leadership.
