QUALCOMM (NASDAQ:QCOM) Stock Price Up 2% Following Analyst Upgrade

Key Points

• QUALCOMM's stock price rose by 2% following an upgrade from Arete from a neutral to a buy rating, with a new price target set at $200.00.
• The company recently declared a quarterly dividend of $0.89, with a dividend yield of 2.2%, highlighting its commitment to returning value to shareholders.
• QUALCOMM's quarterly earnings showed a profit of $2.77 per share, exceeding analysts' expectations, and marking a 10.4% revenue increase compared to the same quarter last year.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) shares shot up 2% during mid-day trading on Tuesday after Arete upgraded the stock from a neutral rating to a buy rating. Arete now has a $200.00 price target on the stock. QUALCOMM traded as high as $159.55 and last traded at $159.62. 1,701,111 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 8,322,785 shares. The stock had previously closed at $156.42.

QCOM has been the subject of several other research reports. Seaport Res Ptn upgraded QUALCOMM to a "hold" rating in a research note on Friday, May 9th. Loop Capital decreased their price objective on QUALCOMM from $180.00 to $155.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. Mizuho decreased their price objective on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $182.82.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $148.10, for a total value of $493,617.30. Following the transaction, the chief financial officer directly owned 43,207 shares in the company, valued at approximately $6,398,956.70. This trade represents a 7.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,390 shares of company stock valued at $1,874,817. Corporate insiders own 0.08% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of QUALCOMM by 0.3% in the second quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company's stock valued at $18,260,635,000 after purchasing an additional 290,799 shares during the period. Kingstone Capital Partners Texas LLC increased its holdings in shares of QUALCOMM by 656,661.0% in the second 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. State Street Corp increased its holdings in shares of QUALCOMM by 0.8% in the second quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company's stock valued at $8,547,014,000 after purchasing an additional 420,352 shares during the period. Norges Bank acquired a new position in shares of QUALCOMM in the second quarter valued at approximately $2,713,603,000. Finally, Northern Trust Corp increased its holdings in shares of QUALCOMM by 12.7% in the fourth quarter. Northern Trust Corp now owns 13,289,513 shares of the wireless technology company's stock valued at $2,041,535,000 after purchasing an additional 1,493,076 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Performance

The firm has a market cap of $172.11 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $155.63 and a 200-day moving average price of $152.85.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted 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. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the business earned $2.33 earnings per share. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

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

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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