QUALCOMM (NASDAQ:QCOM) Trading 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.

Shares of QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) 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 were traded during mid-day 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 subject of a number of research reports. Bank of America decreased 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. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target for the company in a research note on Tuesday, August 26th. Piper Sandler decreased 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. Mizuho decreased their price target on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, QUALCOMM currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Up 1.7%

The stock has a market capitalization of $183.13 billion, a P/E ratio of 16.37, a P/E/G ratio of 2.41 and a beta of 1.21. The company's 50-day moving average price is $157.04 and its 200 day moving average price is $152.33. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $10.33 billion. During the same quarter in the previous year, the company earned $2.33 EPS. 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. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be given 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 is 34.33%.

Insiders Place Their Bets

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the business'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 completion of the sale, the chief financial officer directly owned 39,874 shares of the company's stock, valued at $6,254,635.64. The trade was a 7.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Neil Martin sold 791 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were 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 directly owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,899 shares of company stock worth $1,992,121. 0.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On QUALCOMM

A number of hedge funds and other institutional investors have recently bought and sold shares of QCOM. Kingstone Capital Partners Texas LLC increased its stake 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 worth $9,360,274,000 after acquiring an additional 58,764,593 shares during the period. Norges Bank acquired a new stake in shares of QUALCOMM in the second quarter worth $2,713,603,000. Nuveen LLC acquired a new stake in shares of QUALCOMM in the first quarter worth $529,713,000. GAMMA Investing LLC increased its stake in shares of QUALCOMM by 20,700.4% in the first quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company's stock worth $501,192,000 after acquiring an additional 3,247,068 shares during the period. Finally, Amundi increased its stake in shares of QUALCOMM by 38.2% in the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company's stock worth $1,866,451,000 after acquiring an additional 3,186,524 shares during the period. Hedge funds and other institutional investors 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.

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