QUALCOMM (NASDAQ:QCOM) Trading 3.1% Higher – Here’s What Happened

QUALCOMM Incorporated (NASDAQ:QCOM) rose 3.1% during trading on Tuesday . The stock traded as high as $146.37 and last traded at $144.78. Approximately 10,996,099 shares were traded during mid-day trading, an increase of 4% from the average daily volume of 10,607,156 shares. The stock had previously closed at $140.41.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Robert W. Baird set a $177.00 price objective on shares of QUALCOMM in a research report on Thursday, February 5th. Royal Bank Of Canada lowered their price target on QUALCOMM from $180.00 to $150.00 and set a “sector perform” rating for the company in a report on Thursday, February 5th. Bank of America downgraded QUALCOMM from a “buy” rating to a “neutral” rating and set a $155.00 target price for the company. in a research report on Thursday, February 5th. Daiwa Securities Group lowered QUALCOMM from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a research note on Wednesday, February 11th. Finally, TD Cowen reduced their price target on QUALCOMM from $190.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, QUALCOMM has an average rating of “Hold” and a consensus price target of $168.48.

QUALCOMM Stock Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. The company has a market capitalization of $154.48 billion, a PE ratio of 29.91, a PEG ratio of 7.08 and a beta of 1.22. The company has a 50 day moving average price of $159.44 and a 200 day moving average price of $164.08.

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

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.56 annualized dividend and a yield of 2.5%. QUALCOMM’s dividend payout ratio is presently 73.55%.

Insider Buying and Selling

In other news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the sale, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. The trade was a 16.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Patricia Y. Grech sold 203 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $170.00, for a total value of $34,510.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 45,704 shares of company stock worth $7,818,708. 0.05% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its holdings in shares of QUALCOMM by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 65 shares during the last quarter. Cloud Capital Management LLC acquired a new position in QUALCOMM during the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. grew its stake in QUALCOMM by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after buying an additional 80 shares during the last quarter. Torren Management LLC bought a new stake in QUALCOMM in the fourth quarter valued at $29,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings 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 acquiring an additional 170 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

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.