Cantor Fitzgerald Predicts Stronger Earnings for QUALCOMM

Key Points

• Cantor Fitzgerald raised its FY2025 EPS forecast for QUALCOMM from $9.43 to $9.67, maintaining a "Neutral" rating with a price target of $150.00.
• QUALCOMM reported quarterly earnings of $2.77 per share, exceeding expectations, with revenue of $10.37 billion, up 10.4% year-over-year.
• The company declared a quarterly dividend of $0.89 per share, translating to an annualized dividend of $3.56 and a yield of 2.4%.

QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) - Research analysts at Cantor Fitzgerald boosted their FY2025 earnings per share (EPS) estimates for shares of QUALCOMM in a research note issued to investors on Thursday, July 31st. Cantor Fitzgerald analyst C. Muse now expects that the wireless technology company will post earnings of $9.67 per share for the year, up from their prior forecast of $9.43. Cantor Fitzgerald has a "Neutral" rating and a $150.00 price target on the stock. The consensus estimate for QUALCOMM's current full-year earnings is $9.39 per share. Cantor Fitzgerald also issued estimates for QUALCOMM's FY2026 earnings at $8.61 EPS.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $10.33 billion. During the same period in the previous year, the company posted $2.33 EPS. The company's revenue for the quarter was up 10.4% on a year-over-year basis.

Other equities analysts also recently issued research reports about the company. Benchmark dropped their price objective on QUALCOMM from $240.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. UBS Group upped their price objective on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Rosenblatt Securities reissued a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a report on Thursday. Evercore ISI lowered their target price on shares of QUALCOMM from $179.00 to $157.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Finally, Loop Capital lowered their target price on shares of QUALCOMM from $180.00 to $155.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, QUALCOMM currently has a consensus rating of "Hold" and a consensus target price of $181.91.

QUALCOMM Stock Performance

QUALCOMM stock traded up $1.43 during trading on Friday, hitting $148.19. The stock had a trading volume of 12,700,280 shares, compared to its average volume of 7,744,643. QUALCOMM has a 1 year low of $120.80 and a 1 year high of $182.10. The company has a quick ratio of 2.08, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The stock's 50 day moving average is $155.11 and its two-hundred day moving average is $154.93. The stock has a market cap of $159.90 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.88 and a beta of 1.23.

Institutional Trading of QUALCOMM

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Eagle Strategies LLC lifted its holdings in QUALCOMM by 4.3% in the fourth quarter. Eagle Strategies LLC now owns 1,427 shares of the wireless technology company's stock worth $219,000 after buying an additional 59 shares during the period. Clark Capital Management Group Inc. lifted its holdings in QUALCOMM by 3.6% in the fourth quarter. Clark Capital Management Group Inc. now owns 1,717 shares of the wireless technology company's stock worth $264,000 after buying an additional 59 shares during the period. Avion Wealth lifted its holdings in QUALCOMM by 16.7% in the second quarter. Avion Wealth now owns 441 shares of the wireless technology company's stock worth $70,000 after buying an additional 63 shares during the period. Insight Advisors LLC PA lifted its holdings in QUALCOMM by 1.8% in the second quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company's stock worth $556,000 after buying an additional 63 shares during the period. Finally, Capital Advantage Inc. lifted its holdings in QUALCOMM by 2.8% in the second quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company's stock worth $375,000 after buying an additional 64 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $161.28, for a total transaction of $537,546.24. Following the completion of the sale, the chief financial officer directly owned 46,446 shares in the company, valued at approximately $7,490,810.88. This represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $6,600,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 424,099 shares of company stock worth $8,324,591. Company insiders own 0.08% of the company's stock.

QUALCOMM Announces Dividend

The company 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 dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio is currently 36.25%.

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.