QUALCOMM (NASDAQ:QCOM) Upgraded to "Buy" at Arete

Key Points

• Arete has upgraded QUALCOMM from a "neutral" rating to a "buy" rating, setting a price target of $200, suggesting a potential upside of 27.86% from the previous close.
• Several analysts have varied ratings for QUALCOMM, with twelve issuing a "buy" rating, ten a "hold," and one a "sell," resulting in an average target price of $182.
• QUALCOMM's recent quarterly earnings exceeded expectations, reporting $2.77 EPS on revenues of $10.37 billion, up 10.4% from the same period last year.

Arete upgraded shares of QUALCOMM (NASDAQ:QCOM - Free Report) from a neutral rating to a buy rating in a research report report published on Tuesday morning, MarketBeat reports. The brokerage currently has $200.00 target price on the wireless technology company's stock.

Other analysts have also recently issued reports about the stock. Evercore ISI lowered their target price on shares of QUALCOMM from $179.00 to $157.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company dropped their price target on shares of QUALCOMM from $175.00 to $140.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. Bank of America dropped their price target on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. Cantor Fitzgerald reiterated a "neutral" rating and set a $150.00 price objective on shares of QUALCOMM in a research note on Thursday, May 1st. Finally, UBS Group increased their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM traded up $1.03 during trading hours on Tuesday, reaching $160.80. The stock had a trading volume of 8,151,095 shares, compared to its average volume of 7,963,111. The firm has a 50-day moving average of $155.84 and a 200-day moving average of $152.94. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The firm has a market cap of $173.50 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 2.32 and a beta of 1.23. QUALCOMM has a fifty-two week low of $120.80 and a fifty-two week high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the business earned $2.33 EPS. The firm'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 predict that QUALCOMM will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. QUALCOMM's dividend payout ratio is presently 34.33%.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction 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 transaction, the chief financial officer owned 46,446 shares of the company's stock, valued at approximately $7,490,810.88. This represents a 6.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Neil Martin sold 791 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the sale, the chief accounting officer owned 1,106 shares of the company's stock, valued at $171,230.92. The trade was a 41.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,626 shares of company stock valued at $1,912,190 in the last ninety days. Insiders own 0.08% of the company's stock.

Hedge Funds Weigh In On QUALCOMM

Several institutional investors and hedge funds have recently made changes to their positions in QCOM. Lavaca Capital LLC bought a new stake in QUALCOMM in the 2nd quarter valued at $32,000. MASTERINVEST Kapitalanlage GmbH bought a new position in shares of QUALCOMM in the 2nd quarter valued at about $3,896,000. Carter Financial Group INC. bought a new position in shares of QUALCOMM in the 2nd quarter valued at about $210,000. Stance Capital LLC bought a new position in shares of QUALCOMM in the 2nd quarter valued at about $1,324,000. Finally, Cim Investment Management Inc. grew its position in shares of QUALCOMM by 99.7% in the 2nd quarter. Cim Investment Management Inc. now owns 15,128 shares of the wireless technology company's stock valued at $2,367,000 after acquiring an additional 7,551 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

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.