Qualcomm (NASDAQ:QCOM) Trading 1.8% Higher - Here's What Happened

Key Points

• Qualcomm beat estimates, reporting EPS of $3.50 versus $3.38 expected and revenue of $12.25B (up 4.7% YoY), and set Q2 2026 guidance of $2.45–$2.65 EPS.
• Shares rose 1.8% midday to $138.11 on volume ~18% above average, but remain below the 50-day ($153.41) and 200-day ($163.22) moving averages.
• Analysts recently cut targets and left a consensus rating of "Hold" with a $168.48 price target, the company declared a quarterly dividend of $0.89 (annualized $3.56, 2.6% yield), and insiders sold roughly 45,501 shares in the past three months.

Qualcomm Incorporated (NASDAQ:QCOM - Get Free Report) shot up 1.8% during mid-day trading on Monday . The stock traded as high as $138.58 and last traded at $138.11. 12,288,600 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 10,445,141 shares. The stock had previously closed at $135.69.

Analysts Set New Price Targets

QCOM has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Qualcomm from $195.00 to $185.00 and set an "overweight" rating for the company in a report on Thursday, February 5th. Mizuho reduced their price target on shares of Qualcomm from $160.00 to $140.00 and set a "neutral" rating for the company in a research report on Thursday, February 5th. Susquehanna downgraded shares of Qualcomm from a "positive" rating to a "neutral" rating and set a $140.00 price target on the stock. in a report on Thursday, February 5th. Loop Capital upgraded shares of Qualcomm from a "hold" rating to a "buy" rating and set a $185.00 price objective on the stock in a research note on Tuesday, February 24th. Finally, Citigroup restated a "neutral" rating on shares of Qualcomm in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $168.48.

Qualcomm Stock Up 1.8%

The firm has a market cap of $147.36 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 6.78 and a beta of 1.25. The firm has a fifty day simple moving average of $153.41 and a 200-day simple moving average of $163.22. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The company had revenue of $12.25 billion for the quarter, compared to analysts' expectations of $12.16 billion. During the same quarter last year, the business earned $3.41 earnings per share. Qualcomm's revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, sell-side analysts expect that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, March 5th. Qualcomm's dividend payout ratio (DPR) is 73.55%.

Insider Activity

In related news, EVP Alexander H. Rogers sold 15,917 shares of the firm's stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the completion of the sale, the executive vice president owned 26,071 shares in the company, valued at approximately $4,640,898.71. This trade represents a 37.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the sale, the executive vice president directly owned 35,599 shares in the company, valued at approximately $4,900,202.35. This trade represents a 8.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 45,501 shares of company stock worth $7,784,198. Company insiders own 0.05% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in QCOM. Brighton Jones LLC grew its stake in shares of Qualcomm by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after purchasing an additional 9,343 shares during the period. Revolve Wealth Partners LLC raised its position in Qualcomm by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after purchasing an additional 340 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Qualcomm by 44.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock worth $530,000 after acquiring an additional 1,020 shares during the last quarter. Modera Wealth Management LLC boosted its holdings in Qualcomm by 2.6% during the 2nd quarter. Modera Wealth Management LLC now owns 15,765 shares of the wireless technology company's stock valued at $2,511,000 after acquiring an additional 402 shares during the period. Finally, AE Wealth Management LLC grew its stake in Qualcomm by 5.2% in the 2nd quarter. AE Wealth Management LLC now owns 103,106 shares of the wireless technology company's stock worth $16,421,000 after acquiring an additional 5,132 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Qualcomm Company Profile

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.

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