QUALCOMM Incorporated (NASDAQ:QCOM) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• QUALCOMM has received a consensus recommendation of "Moderate Buy" from 24 brokerages, with an average 1-year target price of $182.82.
• Insiders have recently sold shares of Qualcomm, with notable transactions by CAO Patricia Y. Grech and Heather S. Ace, indicating a decrease in their ownership in the company.
• QUALCOMM's recent quarterly earnings report exceeded expectations, with $2.77 earnings per share and a net revenue increase of 10.4% year-over-year.

Shares of QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty-four brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $182.8182.

A number of research analysts have commented on the stock. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a research report on Tuesday, August 26th. UBS Group upped their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Piper Sandler decreased their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Arete Research set a $200.00 target price on shares of QUALCOMM in a research report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th.

Insider Buying and Selling at QUALCOMM

In other news, CAO Patricia Y. Grech sold 201 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $170.00, for a total transaction of $34,170.00. Following the sale, the chief accounting officer owned 203 shares of the company's stock, valued at approximately $34,510. This represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares in the company, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,767 shares of company stock worth $1,488,745 over the last ninety days. Company insiders own 0.08% of the company's stock.

Hedge Funds Weigh In On QUALCOMM

Hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after purchasing an additional 9,343 shares during the period. Revolve Wealth Partners LLC lifted its holdings in QUALCOMM by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after acquiring an additional 340 shares during the period. Apella Capital LLC lifted its holdings in QUALCOMM by 2.7% in the first quarter. Apella Capital LLC now owns 5,502 shares of the wireless technology company's stock valued at $790,000 after acquiring an additional 145 shares during the period. Financial Management Professionals Inc. lifted its holdings in QUALCOMM by 23.5% in the first quarter. Financial Management Professionals Inc. now owns 1,128 shares of the wireless technology company's stock valued at $173,000 after acquiring an additional 215 shares during the period. Finally, Matrix Trust Co lifted its holdings in QUALCOMM by 46.3% in the first quarter. Matrix Trust Co now owns 904 shares of the wireless technology company's stock valued at $139,000 after acquiring an additional 286 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Trading Up 1.4%

Shares of QCOM opened at $168.85 on Friday. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM has a 12-month low of $120.80 and a 12-month high of $182.10. The firm has a 50-day moving average price of $159.29 and a 200 day moving average price of $153.20. The firm has a market capitalization of $182.19 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.43 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the firm posted $2.33 earnings per share. QUALCOMM's quarterly revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts forecast that QUALCOMM will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 4th. QUALCOMM's dividend payout ratio is currently 34.33%.

QUALCOMM Company Profile

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.

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