Qualcomm (NASDAQ:QCOM) Trading 1.1% Higher – Here’s What Happened

Qualcomm Incorporated (NASDAQ:QCOM) shares rose 1.1% during mid-day trading on Monday . The stock traded as high as $210.80 and last traded at $203.64. Approximately 21,005,888 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 15,115,739 shares. The stock had previously closed at $201.49.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group downgraded shares of Qualcomm from a “neutral” rating to an “underperform” rating in a research report on Friday, May 8th. Morgan Stanley started coverage on Qualcomm in a report on Friday, May 8th. They issued an “overweight” rating for the company. Summit Insights upgraded Qualcomm from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. BNP Paribas Exane cut Qualcomm to a “neutral” rating in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada upped their target price on Qualcomm from $150.00 to $175.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and an average target price of $181.79.

Qualcomm Trading Up 1.1%

The firm has a market capitalization of $214.64 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 24.96 and a beta of 1.49. The company has a fifty day moving average price of $147.36 and a two-hundred day moving average price of $157.64. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. The firm had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, research analysts forecast that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio is presently 38.70%.

Qualcomm declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total transaction of $529,750.00. Following the transaction, the executive vice president directly owned 28,184 shares of the company’s stock, valued at $5,972,189.60. The trade was a 8.15% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 18,477 shares of company stock valued at $3,268,316 in the last ninety days. 0.05% of the stock is currently owned by company insiders.

Institutional Trading of Qualcomm

Hedge funds and other institutional investors have recently modified their holdings of the business. Cloud Capital Management LLC purchased a new position in Qualcomm during the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. increased its holdings in shares of Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 80 shares during the period. Torren Management LLC acquired a new position in Qualcomm in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd grew its position in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 170 shares during the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new position in Qualcomm during the fourth quarter worth about $31,000. 74.35% of the stock is owned by institutional investors and hedge funds.

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.