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

Key Points

• Qualcomm shares rose 1.8% to $160.39 in mid-day trading, although volume was 57% below the stock’s average daily level.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with a $203.63 price target, while Susquehanna and TD Cowen recently cut their targets to $160 and $175, respectively.
• Qualcomm’s latest quarterly results slightly missed EPS expectations but exceeded revenue estimates; the company also announced a quarterly dividend of $0.92 per share, representing a 2.3% yield.

Qualcomm Incorporated (NASDAQ:QCOM - Get Free Report) shares rose 1.8% during mid-day trading on Thursday . The company traded as high as $162.60 and last traded at $160.39. 7,109,018 shares traded hands during trading, a decline of 57% from the average daily volume of 16,447,953 shares. The stock had previously closed at $157.53.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of research reports. Susquehanna decreased their target price on shares of Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Raymond James Financial started coverage on Qualcomm in a research report on Thursday, June 25th. They set a "strong-buy" rating for the company. Guggenheim set a $200.00 price objective on shares of Qualcomm in a research note on Monday, June 22nd. TD Cowen decreased their target price on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Finally, Sanford C. Bernstein set a $165.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $203.63.

Qualcomm Price Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a market cap of $168.45 billion, a PE ratio of 18.56, a PEG ratio of 14.93 and a beta of 1.65. The company has a 50 day moving average price of $193.24 and a 200 day moving average price of $167.47.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). The firm had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts expect that Qualcomm Incorporated will post 7.78 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm's payout ratio is presently 42.59%.

Insider Buying and Selling at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the completion of the sale, the executive vice president owned 28,184 shares in the company, valued at approximately $5,972,189.60. This represents a 8.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 11,529 shares of company stock valued at $2,112,945. Corporate insiders own 0.05% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Your Advocates Ltd. LLP acquired a new stake in shares of Qualcomm during the first quarter valued at $26,000. Richardson Financial Services Inc. grew its holdings in shares of Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock worth $29,000 after buying an additional 80 shares in the last quarter. Torren Management LLC purchased a new position in shares of Qualcomm during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd raised its holdings in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock valued at $29,000 after acquiring an additional 170 shares during the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new stake in Qualcomm in the 4th quarter worth about $31,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

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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