Brokerages Set Qualcomm Incorporated (NASDAQ:QCOM) PT at $165.14

Shares of Qualcomm Incorporated (NASDAQ:QCOM) have been assigned an average recommendation of “Hold” from the twenty-five brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $163.7727.

Several research analysts have weighed in on QCOM shares. Cantor Fitzgerald lowered their price objective on Qualcomm from $185.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Argus decreased their price target on shares of Qualcomm from $205.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. The Goldman Sachs Group assumed coverage on shares of Qualcomm in a research report on Monday. They set a “neutral” rating and a $135.00 price target on the stock. Zacks Research cut shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Finally, Wall Street Zen downgraded shares of Qualcomm from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th.

Insider Buying and Selling

In related news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the sale, the executive vice president owned 16,393 shares of the company’s stock, valued at $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $137.65, for a total value of $458,787.45. Following the transaction, the executive vice president owned 35,599 shares in the company, valued at approximately $4,900,202.35. This trade represents a 8.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,866 shares of company stock worth $1,474,796 in the last three months. 0.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. increased its holdings in Qualcomm by 72.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 65 shares during the period. Cloud Capital Management LLC bought a new stake in shares of Qualcomm during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. boosted its position in shares of Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 80 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Qualcomm during the 4th quarter worth approximately $29,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in 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 valued at $29,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm Price Performance

Qualcomm stock opened at $128.78 on Friday. Qualcomm has a 12 month low of $120.80 and a 12 month high of $205.95. The stock’s 50 day moving average is $139.97 and its 200-day moving average is $159.81. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $137.41 billion, a price-to-earnings ratio of 26.61 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.12. The business had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities research analysts expect that Qualcomm will post 9.39 EPS for the current year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, March 5th. Qualcomm’s payout ratio is presently 73.55%.

Qualcomm announced that its board has authorized a share repurchase plan on Tuesday, March 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.