QUALCOMM (NASDAQ:QCOM) Trading Up 3.1% - Here's Why

Key Points

• QUALCOMM's stock price rose 3.1% to $158.96 on Friday, with trading volume significantly lower than average at approximately 2 million shares.
• Several analysts adjusted their target prices for QUALCOMM, with estimates now ranging from $185.00 to $200.00, while maintaining a consensus "Hold" rating.
• The company announced a quarterly dividend of $0.89 per share, yielding 2.3%, which will be paid to shareholders on September 25th.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report)'s stock price was up 3.1% on Friday . The company traded as high as $159.89 and last traded at $158.96. Approximately 2,037,319 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 8,351,011 shares. The stock had previously closed at $154.13.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on QCOM shares. Mizuho dropped their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Susquehanna dropped their price objective on QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a research note on Thursday, May 1st. Seaport Res Ptn upgraded shares of QUALCOMM to a "hold" rating in a report on Friday, May 9th. Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, Bank of America cut their target price on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Eleven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $181.10.

QUALCOMM Stock Performance

The stock has a market capitalization of $170.49 billion, a PE ratio of 15.24, a PEG ratio of 2.27 and a beta of 1.23. The business has a 50 day moving average price of $155.57 and a 200 day moving average price of $153.30. 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, topping 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 analysts' expectations of $10.33 billion. During the same period in the prior year, the firm posted $2.33 earnings per share. The company's quarterly revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company 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 2.3%. QUALCOMM's dividend payout ratio is currently 34.33%.

Insider Buying and Selling at QUALCOMM

In other news, CAO Neil Martin sold 791 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $161.28, for a total value of $537,546.24. Following the sale, the chief financial officer directly owned 46,446 shares in the company, valued at $7,490,810.88. This trade represents a 6.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,390 shares of company stock valued at $1,874,817. 0.08% of the stock is owned by company insiders.

Institutional Trading of QUALCOMM

Large investors have recently added to or reduced their stakes in the company. WFA Asset Management Corp bought a new position in QUALCOMM in the 1st quarter valued at $27,000. Vermillion & White Wealth Management Group LLC increased its position in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 93 shares in the last quarter. Banque Transatlantique SA acquired a new stake in QUALCOMM in the fourth quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 70 shares in the last quarter. Finally, Sunbeam Capital Management LLC acquired a new stake in QUALCOMM in the fourth quarter worth about $29,000. Institutional investors own 74.35% of the company's stock.

About QUALCOMM

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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