Qualcomm (NASDAQ:QCOM) Trading Up 1.2% – What’s Next?

Qualcomm Incorporated (NASDAQ:QCOM)’s stock price rose 1.2% during mid-day trading on Wednesday . The company traded as high as $178.65 and last traded at $175.63. Approximately 7,635,740 shares traded hands during trading, a decline of 54% from the average session volume of 16,656,973 shares. The stock had previously closed at $173.50.

Wall Street Analysts Forecast Growth

QCOM has been the subject of several research reports. Guggenheim set a $200.00 price target on Qualcomm in a report on Monday, June 22nd. Royal Bank Of Canada increased their price objective on Qualcomm from $175.00 to $250.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 25th. Cantor Fitzgerald set a $220.00 target price on shares of Qualcomm and gave the company a “neutral” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. lifted their price objective on shares of Qualcomm from $160.00 to $265.00 and gave the stock a “neutral” rating in a research note on Friday, June 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qualcomm in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Qualcomm has a consensus rating of “Hold” and an average target price of $219.76.

Qualcomm Price Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The business has a fifty day moving average price of $204.21 and a 200 day moving average price of $168.40. The company has a market cap of $180.35 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 5.22 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. During the same period in the prior year, the company earned $2.85 EPS. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. 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 earnings per share for the current year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio is presently 40.00%.

Insider Buying and Selling

In other 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 value of $569,024.00. Following the completion of the transaction, the executive vice president directly owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. This trade represents a 7.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $180.00, for a total value of $1,800,000.00. Following the transaction, the chief executive officer owned 197,568 shares in the company, valued at $35,562,240. The trade was a 4.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 21,721 shares of company stock worth $4,044,465. Corporate insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rosenberg Matthew Hamilton raised its holdings in shares of Qualcomm by 5.8% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,899 shares of the wireless technology company’s stock worth $351,000 after acquiring an additional 104 shares during the last quarter. Pachira Investments Inc. bought a new position in shares of Qualcomm in the second quarter valued at approximately $201,000. Cypress Point Wealth Management LLC purchased a new position in shares of Qualcomm during the second quarter valued at approximately $314,000. Farther Finance Advisors LLC boosted its position in shares of Qualcomm by 4.2% during the second quarter. Farther Finance Advisors LLC now owns 84,539 shares of the wireless technology company’s stock valued at $15,627,000 after buying an additional 3,418 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in Qualcomm by 3.8% during the second quarter. Ballentine Partners LLC now owns 30,077 shares of the wireless technology company’s stock worth $5,558,000 after buying an additional 1,098 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

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.