Qualcomm (NASDAQ:QCOM) Stock Price Up 4.7% – Still a Buy?

Qualcomm Incorporated (NASDAQ:QCOM)’s share price shot up 4.7% during trading on Friday . The company traded as high as $167.99 and last traded at $167.86. 9,561,567 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 16,394,627 shares. The stock had previously closed at $160.39.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on QCOM. Rosenblatt Securities decreased their target price on Qualcomm from $265.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Cantor Fitzgerald cut their price target on shares of Qualcomm from $200.00 to $165.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Citigroup reduced their price target on shares of Qualcomm from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Wells Fargo & Company decreased their price objective on shares of Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Finally, BNP Paribas Exane lowered shares of Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Qualcomm currently has a consensus rating of “Hold” and an average target price of $203.63.

Qualcomm Stock Performance

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The stock has a fifty day simple moving average of $191.58 and a two-hundred day simple moving average of $167.47. The stock has a market cap of $176.29 billion, a PE ratio of 19.43, a PEG ratio of 14.46 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. During the same quarter in the prior year, the business earned $2.77 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities analysts anticipate that Qualcomm Incorporated will post 7.78 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. Qualcomm’s payout ratio is 42.59%.

Insiders Place Their Bets

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total transaction of $529,750.00. Following the sale, the executive vice president directly owned 28,184 shares of the company’s stock, valued at approximately $5,972,189.60. The trade was a 8.15% decrease in their ownership of the stock. The sale was disclosed in a legal 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 business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the transaction, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their position. 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 11,529 shares of company stock worth $2,112,945 in the last quarter. 0.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Qualcomm

Several hedge funds and other institutional investors have recently bought and sold shares of the business. World Investment Advisors boosted its position in shares of Qualcomm by 14.3% in the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock valued at $11,103,000 after acquiring an additional 8,130 shares during the period. MUFG Securities EMEA plc raised its stake in Qualcomm by 112.2% during the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock valued at $7,524,000 after purchasing an additional 23,262 shares during the last quarter. Swedbank AB raised its stake in Qualcomm by 1.5% during the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock valued at $262,291,000 after purchasing an additional 23,110 shares during the last quarter. NBC Securities Inc. boosted its holdings in Qualcomm by 47.5% in the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock valued at $3,197,000 after purchasing an additional 6,018 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in Qualcomm by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock valued at $24,578,000 after purchasing an additional 7,804 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

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.