Erste Group Bank Forecasts Reduced Earnings for Qualcomm

Qualcomm Incorporated (NASDAQ:QCOM) – Research analysts at Erste Group Bank reduced their FY2026 earnings per share (EPS) estimates for Qualcomm in a report issued on Thursday, April 2nd. Erste Group Bank analyst H. Engel now anticipates that the wireless technology company will post earnings per share of $8.29 for the year, down from their previous estimate of $8.32. The consensus estimate for Qualcomm’s current full-year earnings is $9.39 per share. Erste Group Bank also issued estimates for Qualcomm’s FY2027 earnings at $8.19 EPS.

QCOM has been the topic of a number of other reports. UBS Group reaffirmed a “neutral” rating on shares of Qualcomm in a research report on Monday, February 2nd. TD Cowen decreased their price objective on Qualcomm from $190.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Susquehanna cut Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a report on Thursday, February 5th. Zacks Research downgraded Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Wells Fargo & Company raised Qualcomm from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $135.00 to $185.00 in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $163.77.

Qualcomm Price Performance

NASDAQ QCOM opened at $124.07 on Wednesday. The stock has a 50-day moving average of $137.03 and a 200 day moving average of $158.43. The company has a market capitalization of $132.38 billion, a price-to-earnings ratio of 25.63 and a beta of 1.28. Qualcomm has a one year low of $121.74 and a one year high of $205.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51.

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

Qualcomm announced that its Board of Directors has authorized a stock buyback program on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the wireless technology company to buy up to 14.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Qualcomm Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were issued a $0.89 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.9%. Qualcomm’s dividend payout ratio is currently 73.55%.

Insider Transactions at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $137.65, for a total value of $458,787.45. Following the sale, the executive vice president directly owned 35,599 shares in the company, valued at approximately $4,900,202.35. This trade represents a 8.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 6,618 shares of company stock worth $907,855 over the last three months. Corporate insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

A number of institutional investors have recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Qualcomm by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after buying an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Qualcomm by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after purchasing an additional 340 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of Qualcomm by 44.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after buying an additional 1,020 shares during the period. Jump Financial LLC raised its holdings in shares of Qualcomm by 407.9% in the 2nd quarter. Jump Financial LLC now owns 43,890 shares of the wireless technology company’s stock valued at $6,990,000 after buying an additional 35,249 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in Qualcomm by 3.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 9,819 shares of the wireless technology company’s stock valued at $1,564,000 after buying an additional 315 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

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.