Shares of QUALCOMM Incorporated (NASDAQ:QCOM – Get Free Report) have been given a consensus rating of “Moderate Buy” by the twenty-five brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $182.8182.
A number of brokerages recently commented on QCOM. Piper Sandler dropped their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. Bank of America reduced their price target on QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, June 17th. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the stock an “outperform” rating in a report on Monday, July 28th. Finally, Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd.
View Our Latest Report on QCOM
QUALCOMM Stock Up 0.2%
QUALCOMM (NASDAQ:QCOM – Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the company earned $2.33 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts predict that QUALCOMM will post 9.39 earnings per share for the current year.
Insider Buying and Selling at QUALCOMM
In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $522,814.38. Following the transaction, the chief financial officer owned 39,874 shares of the company’s stock, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, the insider owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock worth $26,322,745 in the last ninety days. Insiders own 0.08% of the company’s stock.
Hedge Funds Weigh In On QUALCOMM
A number of institutional investors have recently added to or reduced their stakes in QCOM. Avion Wealth grew its holdings in shares of QUALCOMM by 16.7% during the second quarter. Avion Wealth now owns 441 shares of the wireless technology company’s stock worth $70,000 after purchasing an additional 63 shares in the last quarter. Insight Advisors LLC PA lifted its position in QUALCOMM by 1.8% during the second quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company’s stock valued at $556,000 after purchasing an additional 63 shares during the last quarter. Capital Advantage Inc. lifted its position in QUALCOMM by 2.8% during the second quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company’s stock valued at $375,000 after purchasing an additional 64 shares during the last quarter. Rise Advisors LLC grew its stake in QUALCOMM by 6.7% in the 1st quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company’s stock worth $161,000 after buying an additional 66 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its holdings in shares of QUALCOMM by 4.6% in the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company’s stock worth $231,000 after buying an additional 66 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.
About QUALCOMM
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.
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