Qualcomm (NASDAQ:QCOM) Stock Price Up 1.2% – Should You Buy?

Qualcomm Incorporated (NASDAQ:QCOM)’s stock price rose 1.2% during trading on Tuesday . The stock traded as high as $132.94 and last traded at $132.84. Approximately 7,546,826 shares traded hands during trading, a decline of 32% from the average daily volume of 11,162,222 shares. The stock had previously closed at $131.24.

Wall Street Analyst Weigh In

QCOM has been the subject of several recent analyst reports. Robert W. Baird set a $177.00 price objective on shares of Qualcomm in a research note on Thursday, February 5th. Citigroup reissued a “neutral” rating on shares of Qualcomm in a research note on Thursday, January 15th. UBS Group reissued a “neutral” rating on shares of Qualcomm in a research note on Monday, February 2nd. Bank of America started coverage on shares of Qualcomm in a research note on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 price target for the company. Finally, Loop Capital raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price target for the company in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $163.77.

Qualcomm Stock Up 1.2%

The stock’s 50 day simple moving average is $135.14 and its two-hundred day simple moving average is $157.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The firm has a market cap of $141.74 billion, a P/E ratio of 27.45 and a beta of 1.28.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The firm had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. During the same quarter in the prior year, the company posted $3.41 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, research analysts forecast that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm announced that its board has approved a share buyback 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 reacquire up to 14.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $130.34, for a total transaction of $325,850.00. Following the sale, the executive vice president owned 30,684 shares in the company, valued at $3,999,352.56. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the sale, the executive vice president owned 16,393 shares in the company, valued at approximately $2,245,841. The trade was a 16.33% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 9,118 shares of company stock worth $1,233,705. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Qualcomm

Institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its holdings in Qualcomm by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 65 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in Qualcomm in the third quarter worth approximately $27,000. Richardson Financial Services Inc. boosted its holdings in Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 80 shares during the last quarter. Torren Management LLC purchased a new stake in Qualcomm in the fourth quarter worth approximately $29,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

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.