QUALCOMM (NASDAQ:QCOM) Shares Up 1.7% - Still a Buy?

Key Points

• Shares of QUALCOMM (NASDAQ:QCOM) rose 1.7% to $169.72 during mid-day trading, with a market capitalization of $183.13 billion.
• Bank of America and other analysts have set various price targets for QUALCOMM shares, with the consensus currently at $182.82 and a rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.89, set to be paid on September 25th, representing a 2.1% yield for shareholders.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report)'s share price rose 1.7% during mid-day trading on Monday . The company traded as high as $170.22 and last traded at $169.72. Approximately 6,177,478 shares traded hands during trading, a decline of 26% from the average daily volume of 8,328,208 shares. The stock had previously closed at $166.85.

Analysts Set New Price Targets

QCOM has been the topic of a number of recent analyst reports. Piper Sandler cut their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Mizuho cut their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a research report on Tuesday, August 26th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Stock Down 0.4%

The business has a 50 day simple moving average of $157.34 and a 200 day simple moving average of $152.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The stock has a market cap of $182.48 billion, a PE ratio of 16.32, a P/E/G ratio of 2.41 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS 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 quarter in the previous year, the company posted $2.33 earnings per share. The business's quarterly revenue 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, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Insiders Place Their Bets

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer owned 1,106 shares of the company's stock, valued at $171,230.92. This trade represents a 41.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,899 shares of company stock worth $1,992,121. Corporate insiders own 0.08% of the company's stock.

Institutional Trading of QUALCOMM

Several institutional investors have recently modified their holdings of the company. Dakota Community Bank & Trust NA grew its holdings in shares of QUALCOMM by 6.9% during the 2nd quarter. Dakota Community Bank & Trust NA now owns 1,822 shares of the wireless technology company's stock worth $290,000 after purchasing an additional 118 shares in the last quarter. Caldwell Trust Co acquired a new stake in QUALCOMM in the 2nd quarter valued at $2,451,000. Watts Gwilliam & Co. LLC boosted its stake in QUALCOMM by 1.1% in the 2nd quarter. Watts Gwilliam & Co. LLC now owns 6,257 shares of the wireless technology company's stock valued at $1,052,000 after buying an additional 69 shares in the last quarter. Canal Capital Management LLC boosted its stake in QUALCOMM by 13.7% in the 2nd quarter. Canal Capital Management LLC now owns 49,030 shares of the wireless technology company's stock valued at $7,809,000 after buying an additional 5,902 shares in the last quarter. Finally, Silicon Valley Capital Partners boosted its stake in QUALCOMM by 105.1% in the 2nd quarter. Silicon Valley Capital Partners now owns 1,042 shares of the wireless technology company's stock valued at $166,000 after buying an additional 534 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

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.