QUALCOMM (NASDAQ:QCOM) Trading Up 1.4% - What's Next?

Key Points

• QUALCOMM's stock price rose 1.4% to $167.77 with approximately 7.17 million shares traded, reflecting a 13% decline in trading volume compared to its average.
• Analysts set varying price targets for QUALCOMM, with the highest at $225.00 from Rosenblatt Securities, while the consensus target price is $182.82.
• CEO Cristiano R. Amon sold 150,000 shares worth nearly $24.8 million, decreasing his ownership by over 50%, while insiders sold a total of approximately $26.3 million in stock over the last 90 days.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report)'s stock price was up 1.4% during trading on Wednesday . The company traded as high as $168.55 and last traded at $167.77. Approximately 7,169,177 shares changed hands during trading, a decline of 13% from the average daily volume of 8,213,396 shares. The stock had previously closed at $165.46.

Analysts Set New Price Targets

Several analysts have recently issued reports on QCOM shares. Arete Research set a $200.00 price objective on QUALCOMM in a research note on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. raised their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. UBS Group lifted their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Stock Performance

The stock has a market cap of $181.02 billion, a P/E ratio of 16.18, a PEG ratio of 2.46 and a beta of 1.23. The company has a fifty day moving average of $159.73 and a 200 day moving average of $153.39. 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 earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Cristiano R. Amon sold 150,000 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Neil Martin sold 791 shares of the firm's stock in a transaction 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 completion of the sale, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,767 shares of company stock worth $26,322,745 in the last ninety days. 0.08% of the stock is owned by insiders.

Institutional Investors Weigh In On QUALCOMM

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in 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 acquiring an additional 290,799 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its stake in shares of QUALCOMM by 656,661.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock worth $9,360,274,000 after buying an additional 58,764,593 shares during the last quarter. State Street Corp lifted its stake in shares of QUALCOMM by 0.8% during the 2nd quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company's stock worth $8,547,014,000 after buying an additional 420,352 shares during the last quarter. Norges Bank acquired a new stake in shares of QUALCOMM during the 2nd quarter worth about $2,713,603,000. Finally, Amundi lifted its stake in shares of QUALCOMM by 38.2% during the 2nd quarter. Amundi now owns 11,533,094 shares of the wireless technology company's stock worth $1,866,451,000 after buying an additional 3,186,524 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

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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