Rep. Ritchie Torres Sells QUALCOMM Incorporated (NASDAQ:QCOM) Stock

Representative Ritchie Torres (D-New York) recently sold shares of QUALCOMM Incorporated (NASDAQ:QCOM). In a filing disclosed on August 20th, the Representative disclosed that they had sold between $1,001 and $15,000 in QUALCOMM stock on July 11th.

Representative Ritchie Torres also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Equity Lifestyle Properties (NYSE:ELS) on 7/11/2025.
• Sold $1,001 – $15,000 in shares of Northrop Grumman (NYSE:NOC) on 7/11/2025.
• Sold $1,001 – $15,000 in shares of Emerson Electric (NYSE:EMR) on 7/11/2025.
• Sold $1,001 – $15,000 in shares of Kinder Morgan (NYSE:KMI) on 7/11/2025.
• Sold $1,001 – $15,000 in shares of MetLife (NYSE:MET) on 7/11/2025.
• Sold $1,001 – $15,000 in shares of Oracle (NYSE:ORCL) on 7/11/2025.
• Sold $1,001 – $15,000 in shares of Equity Residential (NYSE:EQR) on 7/11/2025.
• Sold $1,001 – $15,000 in shares of McKesson (NYSE:MCK) on 7/11/2025.
• Sold $1,001 – $15,000 in shares of Ares Management (NYSE:ARES) on 7/11/2025.
• Sold $1,001 – $15,000 in shares of Otis Worldwide (NYSE:OTIS) on 7/11/2025.

QUALCOMM Price Performance

NASDAQ:QCOM traded down $1.4690 on Monday, reaching $156.5410. 2,192,134 shares of the company’s stock traded hands, compared to its average volume of 8,349,292. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. 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 50-day simple moving average of $155.64 and a 200-day simple moving average of $152.93. The firm has a market cap of $168.91 billion, a PE ratio of 15.09, a P/E/G ratio of 2.30 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts forecast 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, September 25th. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.3%. QUALCOMM’s dividend payout ratio (DPR) is currently 34.33%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Mizuho reduced their target price on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Evercore ISI reduced their price objective on QUALCOMM from $179.00 to $157.00 and set an “in-line” rating on the stock in a research note on Friday, May 2nd. Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Cantor Fitzgerald reissued a “neutral” rating and set a $150.00 price objective on shares of QUALCOMM in a research note on Thursday, May 1st. Finally, Wells Fargo & Company reduced their price objective on QUALCOMM from $175.00 to $140.00 and set an “underweight” rating on the stock in a research note on Thursday, May 1st. Eleven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $181.10.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of QCOM. Eagle Strategies LLC boosted its holdings in shares of QUALCOMM by 4.3% in the fourth quarter. Eagle Strategies LLC now owns 1,427 shares of the wireless technology company’s stock valued at $219,000 after purchasing an additional 59 shares during the period. Clark Capital Management Group Inc. boosted its holdings in shares of QUALCOMM by 3.6% in the fourth quarter. Clark Capital Management Group Inc. now owns 1,717 shares of the wireless technology company’s stock valued at $264,000 after purchasing an additional 59 shares during the period. Avion Wealth boosted its holdings in shares of QUALCOMM by 16.7% in the second quarter. Avion Wealth now owns 441 shares of the wireless technology company’s stock valued at $70,000 after purchasing an additional 63 shares during the period. Insight Advisors LLC PA boosted its holdings in shares of QUALCOMM by 1.8% in the second quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company’s stock valued at $556,000 after purchasing an additional 63 shares during the period. Finally, Capital Advantage Inc. raised its stake in QUALCOMM by 2.8% in the second quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company’s stock worth $375,000 after buying an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In related news, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the transaction, the insider owned 21,193 shares of the company’s stock, valued at $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $161.28, for a total transaction of $537,546.24. Following the completion of the transaction, the chief financial officer directly owned 46,446 shares of the company’s stock, valued at $7,490,810.88. This trade represents a 6.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,390 shares of company stock valued at $1,874,817 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

About Representative Torres

Ritchie Torres (Democratic Party) is a member of the U.S. House, representing New York’s 15th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Torres (Democratic Party) ran for re-election to the U.S. House to represent New York’s 15th Congressional District. He won in the general election on November 5, 2024.

Ritchie Torres lives in the Bronx, New York.

QUALCOMM Company Profile

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.