Rep. Marjorie Taylor Greene Buys QUALCOMM Incorporated (NASDAQ:QCOM) Stock

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of QUALCOMM Incorporated NASDAQ: QCOM. In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in QUALCOMM stock on April 4th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Norfolk Southern NYSE: NSC on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Old Dominion Freight Line NASDAQ: ODFL on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of FedEx NYSE: FDX on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Berkshire Hathaway NYSE: BRK.B on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of NIKE NYSE: NKE on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Caterpillar NYSE: CAT on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/4/2025.

QUALCOMM Stock Performance

QUALCOMM stock traded up $4.85 during trading hours on Friday, hitting $139.25. 10,947,680 shares of the stock traded hands, compared to its average volume of 8,878,501. The firm's 50 day moving average price is $156.49 and its 200-day moving average price is $161.46. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The stock has a market capitalization of $154.01 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on QCOM shares. Evercore ISI reduced their target price on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating for the company in a report on Thursday, February 6th. StockNews.com downgraded QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. Cantor Fitzgerald reissued a "neutral" rating and issued a $160.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and set a $240.00 price objective on shares of QUALCOMM in a research note on Friday, February 7th. Finally, TD Cowen lowered their price target on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $201.21.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 269 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $131.10, for a total value of $35,265.90. Following the sale, the chief financial officer now directly owns 57,728 shares of the company's stock, valued at approximately $7,568,140.80. This represents a 0.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Alexander H. Rogers sold 19,287 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the sale, the insider now owns 20,762 shares in the company, valued at $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,666 shares of company stock valued at $5,047,052 in the last 90 days. Company insiders own 0.08% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. First City Capital Management Inc. grew its stake in shares of QUALCOMM by 1.5% in the first quarter. First City Capital Management Inc. now owns 5,589 shares of the wireless technology company's stock valued at $859,000 after buying an additional 82 shares in the last quarter. Harrington Investments INC lifted its position in shares of QUALCOMM by 1.6% during the first quarter. Harrington Investments INC now owns 23,087 shares of the wireless technology company's stock worth $3,546,000 after purchasing an additional 360 shares in the last quarter. Butensky & Cohen Financial Security Inc. grew its holdings in shares of QUALCOMM by 0.3% in the first quarter. Butensky & Cohen Financial Security Inc. now owns 28,789 shares of the wireless technology company's stock valued at $4,422,000 after purchasing an additional 76 shares in the last quarter. Radnor Capital Management LLC increased its stake in QUALCOMM by 3.5% during the 1st quarter. Radnor Capital Management LLC now owns 26,447 shares of the wireless technology company's stock worth $4,063,000 after buying an additional 888 shares during the period. Finally, Constitution Capital LLC acquired a new stake in QUALCOMM during the 1st quarter worth approximately $338,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2026 election.

About QUALCOMM

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.