Insider Trading Movement: QUALCOMM, Inc. (QCOM)

QUALCOMM, Inc. (NASDAQ:QCOM) insider has recently participated in insider trading activity. Director, STERN MARC I sold 12,500 shares for $536,875 via one transaction Feb 11. Following the transaction, the insider now owns 245,437 shares in total, priced at $10,936,673 as of Friday. Another notable insider trading was done by the same insider on Feb 10. STERN MARC I sold12,500 shares at an average price of $43.64 for a total of $545,506. Moreover, this insider carried out a sale of 12,500 shares at $44.78 each on Feb 05. The transaction amounted to $559,759. The insider also sold 12,500 shares for $569,066through one transaction Feb 04.

The stock has experienced a total of 21 insider trades in the past three months. These trades include 18 sell activities and 3 buy trades. Furthermore, over the past 12 months, the stock was traded 94 times by insiders. In 76 of these trades, the insider was a seller while an employee of the company was the buyer in just 18 instances.

QUALCOMM, Inc. (QCOM) on February 11, 2016 announced that its subsidiary, Qualcomm Technologies, Inc., has introduced its sixth-generation discrete LTE multimode chipset — the Qualcomm Snapdragon X16 LTE modem, which is built on a leading-edge 14nm FinFET process — and the Qualcomm RF Transceiver, WTR5975.  The Snapdragon X16 LTE modem is the first commercially announced Gigabit Class LTE chipset designed to deliver fiber-like LTE Category 16 download speeds of up to 1 Gbps, supporting up to 4×20 MHz downlink Carrier Aggregation (CA) across FDD and TDD spectrum with 256-QAM, and 2×20 MHz uplink carrier aggregation plus 64-QAM for uplink speeds up to 150 Mbps.

The Snapdragon X16 LTE modem is the first instantiation of Qualcomm Technologies’ new, advanced modem architecture. This highly scalable architecture, with modular components and common software, will allow Qualcomm Technologies to rapidly evolve its modem product line to address a wide range of connected applications, ranging from ultra-fast mobile broadband to power-efficient connectivity for Internet of Things (IoT) devices.

The Snapdragon X16 LTE modem also supports Licensed Assisted Access (LAA), the global standard for LTE in unlicensed spectrum, becoming the mobile industry’s first commercially announced LTE Advanced Pro modem. LTE Advanced Pro, beginning with 3GPP Release 13, marks an important next phase for 4G that will expand the technology into new applications and usage models, establishing the foundation for unified and more capable connectivity platforms into the next decade.

The Snapdragon X16 LTE modem is designed to reach Gigabit Class LTE speeds using the same amount of spectrum as Category 9 LTE devices. By using carrier aggregation and 4×4 MIMO, the Snapdragon X16 LTE modem can receive 10 unique streams of data using only three 20 MHz carriers. Its support for 256-QAM boosts the peak throughput of each stream from ~75 Mbps to ~100 Mbps, with additional gains possible with modem data compression. Additionally, with support for LAA as well as LTE-U, this combination reduces the amount of licensed spectrum required – to 40 MHz or less – to vastly expand the number of operators that can deploy Gigabit Class LTE speeds around the globe.