QUALCOMM (NASDAQ:QCOM) Shares Up 2.2% Following Dividend Announcement

Key Points

• QUALCOMM's shares rose by 2.2% after the company announced a dividend of $0.89 per share, payable on December 18th to shareholders of record on December 4th.
• Analysts have given QUALCOMM a consensus rating of "Moderate Buy", with a target price averaging around $182.82, following varied assessments from multiple firms.
• Insiders have been selling shares, with notable transactions including CFO Akash J. Palkhiwala selling 3,333 shares, indicating a 7.71% decrease in his ownership position.

Shares of QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) shot up 2.2% during trading on Monday following a dividend announcement from the company. The stock traded as high as $167.65 and last traded at $167.04. 8,178,319 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 8,235,558 shares. The stock had previously closed at $163.45.The newly announced dividend which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

Analysts Set New Price Targets

QCOM has been the subject of a number of research reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a research report on Wednesday, October 8th. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. UBS Group increased their target price on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Mizuho dropped their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Finally, Piper Sandler dropped their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, QUALCOMM has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Price Performance

The stock has a fifty day moving average of $162.00 and a two-hundred day moving average of $153.84. The stock has a market capitalization of $180.24 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 2.38 and a beta of 1.23. 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 (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business's revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the transaction, the chief financial officer directly owned 39,874 shares in the company, valued at approximately $6,254,635.64. This trade represents a 7.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the transaction, the insider owned 21,193 shares in the company, valued at $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 159,767 shares of company stock worth $26,322,745. Corporate insiders own 0.08% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC raised its stake in shares of QUALCOMM by 656,661.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock valued at $9,360,274,000 after purchasing an additional 58,764,593 shares during the period. Norges Bank acquired a new stake in shares of QUALCOMM in the second quarter valued at about $2,713,603,000. Nuveen LLC acquired a new stake in shares of QUALCOMM in the first quarter valued at about $529,713,000. Amundi increased its position in shares of QUALCOMM by 38.2% in the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company's stock valued at $1,866,451,000 after acquiring an additional 3,186,524 shares during the last quarter. Finally, Viking Global Investors LP increased its position in shares of QUALCOMM by 120.1% in the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company's stock valued at $502,125,000 after acquiring an additional 1,720,529 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

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.

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