Qualcomm (NASDAQ:QCOM) Trading Up 3.8% – Here’s What Happened

Qualcomm Incorporated (NASDAQ:QCOM) shares shot up 3.8% during mid-day trading on Monday . The stock traded as high as $171.38 and last traded at $170.48. 11,286,676 shares traded hands during trading, a decline of 28% from the average session volume of 15,728,395 shares. The stock had previously closed at $164.19.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Oppenheimer set a $200.00 price target on Qualcomm in a research note on Monday, July 27th. Morgan Stanley reduced their price objective on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Royal Bank Of Canada decreased their target price on shares of Qualcomm from $250.00 to $160.00 and set a “sector perform” rating on the stock in a report on Thursday, July 30th. JPMorgan Chase & Co. boosted their target price on shares of Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a research report on Friday, June 5th. Finally, TD Cowen cut their price target on shares of Qualcomm from $225.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $203.76.

Qualcomm Price 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 company has a market cap of $174.98 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 15.74 and a beta of 1.67. The business has a fifty day moving average price of $170.71 and a 200 day moving average price of $169.24.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued 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 dividend yield of 2.2%. Qualcomm’s payout ratio is 42.59%.

Insider Buying and Selling

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $162.85, for a total transaction of $101,781.25. Following the transaction, the chief accounting officer owned 208 shares of the company’s stock, valued at $33,872.80. This trade represents a 75.03% 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 sold a total of 11,533 shares of company stock worth $1,961,219 in the last three months. 0.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Qualcomm

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after purchasing an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. bought a new position in Qualcomm in the 4th quarter valued at approximately $31,000. ABS Investment Management LLC bought a new position in Qualcomm in the 2nd quarter valued at approximately $34,000. Commonwealth Retirement Investments LLC bought a new position in Qualcomm in the 4th quarter valued at approximately $32,000. Finally, Your Advocates Ltd. LLP acquired a new stake in Qualcomm during the 1st quarter worth approximately $26,000. 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.