Qualcomm (NASDAQ:QCOM) Trading Up 1.9% - What's Next?

Key Points

• Qualcomm shares rose 1.9% on Tuesday, trading between $170.32 and $175.49, with volume below average at 12.4 million shares.
• Recent analyst updates were mixed, but the stock’s overall rating remains “Hold” with a consensus price target of $219.76; Benchmark and DZ Bank were notably bullish, while Craig Hallum downgraded the stock.
• Qualcomm recently beat quarterly EPS estimates and continues to pay a $0.92 quarterly dividend (2.1% annual yield), while insiders have been selling shares in recent months.

Shares of Qualcomm Incorporated (NASDAQ:QCOM - Get Free Report) traded up 1.9% on Tuesday . The company traded as high as $175.49 and last traded at $173.50. 12,401,276 shares changed hands during trading, a decline of 26% from the average daily volume of 16,682,324 shares. The stock had previously closed at $170.32.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Craig Hallum downgraded shares of Qualcomm from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. Benchmark boosted their price objective on shares of Qualcomm from $225.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, June 25th. Argus set a $220.00 target price on shares of Qualcomm in a report on Friday, May 1st. Cantor Fitzgerald set a $220.00 target price on shares of Qualcomm and gave the stock a "neutral" rating in a research note on Thursday, June 25th. Finally, DZ Bank raised shares of Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 price target for the company in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Qualcomm presently has a consensus rating of "Hold" and a consensus target price of $219.76.

Qualcomm Price Performance

The firm has a market capitalization of $182.87 billion, a PE ratio of 18.86, a P/E/G ratio of 5.10 and a beta of 1.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The business's 50 day moving average is $206.28 and its two-hundred day moving average is $168.36.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping analysts' consensus estimates of $2.56 by $0.09. The business had revenue of $10.60 billion during the quarter, compared to analysts' expectations of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, research analysts anticipate that Qualcomm Incorporated will post 7.97 EPS for the current year.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio is currently 40.00%.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the sale, the executive vice president owned 39,735 shares of the company's stock, valued at $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 dated Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the transaction, the executive vice president owned 23,184 shares of the company's stock, valued at $4,191,899.04. The trade was a 9.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 21,721 shares of company stock worth $4,044,465. Company insiders own 0.05% of the company's stock.

Institutional Inflows and Outflows

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

About Qualcomm

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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