Qualcomm Incorporated (NASDAQ:QCOM – Free Report) – Erste Group Bank upped their FY2027 earnings per share (EPS) estimates for shares of Qualcomm in a report issued on Thursday, June 25th. Erste Group Bank analyst H. Engel now forecasts that the wireless technology company will post earnings of $7.74 per share for the year, up from their prior estimate of $7.66. The consensus estimate for Qualcomm’s current full-year earnings is $7.96 per share.
Qualcomm (NASDAQ:QCOM – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter in the prior year, the firm posted $2.85 earnings per share. The business’s quarterly revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS.
View Our Latest Stock Analysis on Qualcomm
Qualcomm Price Performance
Qualcomm stock opened at $184.79 on Wednesday. The stock’s 50 day moving average is $203.14 and its 200 day moving average is $167.90. Qualcomm has a one year low of $121.99 and a one year high of $259.92. The firm has a market cap of $194.77 billion, a P/E ratio of 20.09, a P/E/G ratio of 5.62 and a beta of 1.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61.
Qualcomm announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Insiders Place Their Bets
In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the business’s 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 directly owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. The trade was a 4.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares in the company, valued at $7,065,677.70. The trade was a 7.45% 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. Insiders sold a total of 21,806 shares of company stock valued at $3,928,958 in the last ninety days. 0.05% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Qualcomm by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock valued at $19,524,350,000 after purchasing an additional 647,076 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Qualcomm by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Qualcomm by 34.5% during the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares in the last quarter. Norges Bank acquired a new stake in shares of Qualcomm in the 4th quarter valued at about $2,591,056,000. Finally, Amundi grew its stake in shares of Qualcomm by 9.9% in the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after buying an additional 1,138,541 shares during the period. 74.35% of the stock is owned by institutional investors.
Key Headlines Impacting Qualcomm
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: ByteDance is reportedly working with Qualcomm as it develops an in-house CPU for AI infrastructure, which could support Qualcomm’s presence in custom silicon and future data-center demand. ByteDance targets in-house CPU for 2027 deployment, partners with Qualcomm: report
- Positive Sentiment: Analysts and market commentary continue to point to Qualcomm’s expanding AI-compute opportunity, including its Dragonfly C1000 server CPU and a stated goal of generating $15 billion in data-center revenue by fiscal 2029. Overclocking Qualcomm: Rewiring the AI Compute Market
- Positive Sentiment: Several pieces note bullish long-term price targets and constructive analyst views, suggesting Wall Street still sees upside over a 12-month horizon. Wall Street analysts set Qualcomm stock price target for 12 months
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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