QUALCOMM (NASDAQ:QCOM) Trading 2.4% Higher - Time to Buy?

Key Points

• QUALCOMM's shares increased by 2.4% during trading, reaching a last trading price of $173.55 after a high of $174.44 on Wednesday, with a notable trading volume increase of 9% from the average.
• Several analysts have raised their price targets for QUALCOMM, with JPMorgan Chase increasing it from $190.00 to $200.00, while Bank of America adjusted their target down from $245.00 to $200.00.
• QUALCOMM announced a quarterly dividend of $0.89, representing an annual yield of 2.1%, with the dividend payment scheduled for September 25th for shareholders of record as of September 4th.

Shares of QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) traded up 2.4% during trading on Wednesday . The company traded as high as $174.44 and last traded at $173.55. 9,009,031 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 8,303,203 shares. The stock had previously closed at $169.53.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Piper Sandler cut their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Bank of America cut their price target on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, June 17th. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Citigroup reissued a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. One equities 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Trading Up 2.4%

The firm has a market capitalization of $187.26 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 2.46 and a beta of 1.21. The business's 50-day moving average is $157.65 and its 200 day moving average is $152.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping 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 business had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the firm earned $2.33 earnings per share. QUALCOMM'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. As a group, analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently announced 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 currently 34.33%.

Insider Activity

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were 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 of the company's stock, valued at $6,254,635.64. This trade represents a 7.71% decrease in their position. The transaction was disclosed in a filing 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 dated 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 transaction, the insider directly owned 21,193 shares in the company, 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. Insiders sold 13,100 shares of company stock valued at $2,026,291 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QUALCOMM

Hedge funds have recently made changes to their positions in the stock. Atlantic Edge Private Wealth Management LLC boosted its position in QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after buying an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC boosted its position in QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after buying an additional 93 shares during the period. WFA Asset Management Corp acquired a new stake in QUALCOMM during the 1st quarter worth approximately $27,000. Mascagni Wealth Management Inc. acquired a new stake in QUALCOMM during the 4th quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in QUALCOMM during the 4th quarter worth approximately $31,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

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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