Qualcomm (NASDAQ:QCOM) Stock Price Up 1.5% – Still a Buy?

Qualcomm Incorporated (NASDAQ:QCOM) shot up 1.5% during mid-day trading on Friday. The company traded as high as $188.95 and last traded at $184.87. 10,076,627 shares traded hands during trading, a decline of 35% from the average session volume of 15,546,704 shares. The stock had previously closed at $182.09.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on QCOM shares. Sanford C. Bernstein reissued a “market perform” rating on shares of Qualcomm in a report on Wednesday, September 9th. Citigroup decreased their target price on Qualcomm from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Zacks Research lowered Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 15th. The Goldman Sachs Group set a $160.00 price objective on Qualcomm in a report on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their price objective on Qualcomm from $160.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $204.10.

Qualcomm Stock Performance

The stock’s 50-day moving average price is $171.12 and its 200 day moving average price is $176.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a market cap of $194.16 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 3.83 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is currently 42.59%.

Insider Activity

In related news, CEO Cristiano Amon sold 10,000 shares of the business’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the transaction, the chief executive officer directly owned 177,568 shares in the company, valued at approximately $35,513,600. The trade was a 5.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 31,533 shares of company stock valued at $5,874,969 over the last three months. Corporate insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

Several institutional investors and hedge funds have recently bought and sold shares of QCOM. Baxter Bros Inc. bought a new stake in Qualcomm in the second quarter valued at $17,844,000. PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in shares of Qualcomm during the 4th quarter worth about $13,446,000. SmartHarvest Portfolios LLC acquired a new stake in shares of Qualcomm in the 4th quarter valued at about $851,000. Harvest Fund Management Co. Ltd increased its position in Qualcomm by 18.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 115,140 shares of the wireless technology company’s stock valued at $19,694,000 after buying an additional 17,928 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Qualcomm in the 2nd quarter valued at about $28,068,000. Institutional investors own 74.35% of the company’s stock.

About Qualcomm

Qualcomm Incorporated (NASDAQ: QCOM) is a technology company headquartered in San Diego, California, that develops wireless communications technologies, semiconductors and related software. Its products support mobile devices, connected computing, automotive systems, industrial equipment and consumer electronics.

Qualcomm’s semiconductor business operates primarily through its Qualcomm CDMA Technologies segment. Its offerings include Snapdragon platforms and systems-on-chip, cellular modems, radio-frequency components, connectivity products, and processors for smartphones, personal computers, extended-reality devices, vehicles and the Internet of Things.