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 May 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in QUALCOMM stock on May 5th. The trade occurred in the Representative’s “MARJORIE IRA” account.

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

• Purchased $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of Occidental Petroleum (NYSE:OXY) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of Paychex (NASDAQ:PAYX) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of MercadoLibre (NASDAQ:MELI) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of Starbucks (NASDAQ:SBUX) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of BP (NYSE:BP) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of Gilead Sciences (NASDAQ:GILD) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of BHP Group (NYSE:BHP) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 5/5/2025.

QUALCOMM Price Performance

QCOM stock opened at $144.54 on Thursday. The company has a fifty day simple moving average of $146.74 and a two-hundred day simple moving average of $157.91. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $230.63. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $158.70 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.03. QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. The business had revenue of $10.98 billion for the quarter, compared to the consensus estimate of $10.58 billion. During the same quarter in the prior year, the firm posted $2.44 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. Analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.89 per share. This is an increase from QUALCOMM’s previous quarterly dividend of $0.85. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, June 5th. QUALCOMM’s dividend payout ratio is currently 36.25%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. N.E.W. Advisory Services LLC acquired a new position in QUALCOMM in the 1st quarter valued at about $111,000. MB Levis & Associates LLC grew its holdings in shares of QUALCOMM by 2.2% during the 1st quarter. MB Levis & Associates LLC now owns 12,242 shares of the wireless technology company’s stock worth $1,880,000 after purchasing an additional 261 shares during the period. TCTC Holdings LLC increased its position in shares of QUALCOMM by 0.4% during the 1st quarter. TCTC Holdings LLC now owns 263,313 shares of the wireless technology company’s stock worth $40,448,000 after purchasing an additional 929 shares during the last quarter. Meeder Advisory Services Inc. lifted its position in QUALCOMM by 13.1% in the first quarter. Meeder Advisory Services Inc. now owns 20,461 shares of the wireless technology company’s stock valued at $3,143,000 after buying an additional 2,367 shares during the last quarter. Finally, Clarendon Private LLC acquired a new stake in shares of QUALCOMM during the first quarter valued at about $560,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a report on Thursday, May 1st. Loop Capital lowered their target price on QUALCOMM from $180.00 to $155.00 and set a “hold” rating for the company in a report on Thursday, May 1st. StockNews.com lowered QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 12th. TD Cowen lowered their price objective on shares of QUALCOMM from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $185.00 target price on shares of QUALCOMM in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, QUALCOMM currently has a consensus rating of “Hold” and an average price target of $192.08.

Insider Activity

In other QUALCOMM news, CAO Neil Martin sold 744 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $174.83, for a total value of $130,073.52. Following the completion of the transaction, the chief accounting officer now owns 461 shares of the company’s stock, valued at $80,596.63. This trade represents a 61.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the sale, the insider now owns 24,393 shares in the company, valued at approximately $3,762,376.32. The trade was a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,599 shares of company stock valued at $5,733,290. Company insiders own 0.08% 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.