Rep. Marjorie Taylor Greene Acquires Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

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 Price Performance

QUALCOMM stock traded up $4.85 during midday trading on Friday, reaching $139.25. The company had a trading volume of 10,947,680 shares, compared to its average volume of 8,878,501. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $230.63. The firm's fifty day simple moving average is $156.49 and its 200-day simple moving average 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 company has a market capitalization of $154.01 billion, a P/E ratio of 14.88, a P/E/G ratio of 2.01 and a beta of 1.28.

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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 (EPS) for the quarter, missing analysts' consensus estimates 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 anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

Insider Transactions at QUALCOMM

In other news, insider Alexander H. Rogers sold 19,287 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the transaction, the insider now directly owns 20,762 shares of the company's stock, valued at approximately $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $156.82, for a total transaction of $523,308.34. Following the sale, the chief financial officer now owns 59,778 shares in the company, valued at $9,374,385.96. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,666 shares of company stock valued at $5,047,052. 0.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen dropped their target price on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday. Evercore ISI cut their price objective 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 cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 12th. Benchmark reaffirmed a "buy" rating and issued a $240.00 price target on shares of QUALCOMM in a report on Friday, February 7th. Finally, Barclays dropped their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, QUALCOMM presently has an average rating of "Hold" and a consensus price target of $201.21.

Hedge Funds Weigh In On QUALCOMM

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