QUALCOMM (NASDAQ:QCOM) Stock Price Up 1.7% - Here's Why

Key Points

• QUALCOMM's stock price rose 1.7% on Thursday, closing at $168.13, with trading volume increasing by 25% compared to the average.
• A number of analysts have updated their ratings on QUALCOMM, with one analyst rating it as a Strong Buy and the consensus price target being $182.82.
• QUALCOMM declared a quarterly dividend of $0.89 per share, representing an annualized dividend of $3.56 and a yield of 2.1%.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report)'s stock price rose 1.7% during trading on Thursday . The stock traded as high as $168.86 and last traded at $168.13. Approximately 10,313,512 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 8,277,361 shares. The stock had previously closed at $165.26.

Analyst Ratings Changes

QCOM has been the subject of a number of analyst reports. Rosenblatt Securities reiterated a "buy" rating and set a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. UBS Group lifted their price target on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target for the company in a research report on Tuesday, August 26th. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Finally, Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Price Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The stock has a 50-day simple moving average of $157.04 and a 200 day simple moving average of $152.36. The company has a market cap of $180.03 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.43 and a beta of 1.21.

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

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is presently 34.33%.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. This represents a 7.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the transaction, the insider directly owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,899 shares of company stock valued at $1,992,121. Company insiders own 0.08% of the company's stock.

Institutional Trading of QUALCOMM

Several large investors have recently made changes to their positions in QCOM. Watts Gwilliam & Co. LLC raised its position in QUALCOMM by 1.1% during the second quarter. Watts Gwilliam & Co. LLC now owns 6,257 shares of the wireless technology company's stock worth $1,052,000 after acquiring an additional 69 shares during the period. Canal Capital Management LLC increased its position in shares of QUALCOMM by 13.7% during the second quarter. Canal Capital Management LLC now owns 49,030 shares of the wireless technology company's stock valued at $7,809,000 after acquiring an additional 5,902 shares during the last quarter. Silicon Valley Capital Partners boosted its stake in shares of QUALCOMM by 105.1% in the second quarter. Silicon Valley Capital Partners now owns 1,042 shares of the wireless technology company's stock valued at $166,000 after purchasing an additional 534 shares during the period. NWF Advisory Services Inc. lifted its stake in QUALCOMM by 5.5% in the second quarter. NWF Advisory Services Inc. now owns 2,038 shares of the wireless technology company's stock worth $325,000 after acquiring an additional 106 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC lifted its position in shares of QUALCOMM by 20.2% during the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 1,694 shares of the wireless technology company's stock worth $270,000 after buying an additional 285 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other 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.