Qualcomm (NASDAQ:QCOM) Trading 1.1% Higher – Time to Buy?

Qualcomm Incorporated (NASDAQ:QCOM)’s share price rose 1.1% during mid-day trading on Thursday . The stock traded as high as $166.77 and last traded at $164.79. Approximately 7,678,186 shares were traded during trading, a decline of 53% from the average daily volume of 16,190,739 shares. The stock had previously closed at $163.07.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on QCOM shares. Mizuho lifted their target price on Qualcomm from $170.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. raised their price objective on shares of Qualcomm from $160.00 to $265.00 and gave the stock a “neutral” rating in a report on Friday, June 5th. Evercore set a $159.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. HSBC reaffirmed a “hold” rating on shares of Qualcomm in a report on Wednesday, July 15th. Finally, Sanford C. Bernstein set a $165.00 target price on Qualcomm in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $203.63.

Qualcomm Trading Up 0.6%

The company has a market cap of $174.12 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 15.16 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $182.72 and its 200-day moving average price is $167.72.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same period last year, the business posted $2.77 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities research analysts expect that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. Qualcomm’s dividend payout ratio (DPR) is currently 42.59%.

Insider Activity

In other news, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the transaction, the executive vice president owned 20,684 shares of the company’s stock, valued at $3,376,869.84. This trade represents a 10.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,529 shares of company stock worth $1,991,345 over the last ninety days. Company insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Qualcomm in the 2nd quarter worth about $17,583,115,000. Norges Bank purchased a new position in shares of Qualcomm during the fourth quarter worth about $2,591,056,000. Bank of New York Mellon Corp bought a new position in shares of Qualcomm in the second quarter worth approximately $1,523,930,000. Deutsche Bank AG bought a new position in shares of Qualcomm in the second quarter worth approximately $1,178,349,000. Finally, Wellington Management Group LLP raised its stake in Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock valued at $2,861,301,000 after purchasing an additional 4,290,622 shares in the last quarter. 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.