QUALCOMM (NASDAQ:QCOM) Trading Up 1.6% – Here’s What Happened

QUALCOMM Incorporated (NASDAQ:QCOM)’s share price traded up 1.6% during trading on Friday . The company traded as high as $168.19 and last traded at $167.79. 5,067,829 shares changed hands during trading, a decline of 42% from the average session volume of 8,788,574 shares. The stock had previously closed at $165.14.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on QCOM. Piper Sandler increased their price target on shares of QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Arete Research set a $200.00 target price on shares of QUALCOMM in a report on Tuesday, August 26th. Cowen reiterated a “buy” rating on shares of QUALCOMM in a research note on Thursday, November 6th. Wells Fargo & Company raised their price target on shares of QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Finally, Susquehanna set a $210.00 target price on QUALCOMM in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.38.

QUALCOMM Stock Up 1.6%

The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The business’s 50 day moving average price is $169.36 and its 200 day moving average price is $160.44. The firm has a market cap of $179.70 billion, a PE ratio of 16.18, a PEG ratio of 2.59 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. The company had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.QUALCOMM’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, equities research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. QUALCOMM’s dividend payout ratio (DPR) is presently 72.80%.

Insider Buying and Selling at QUALCOMM

In related news, CAO Patricia Y. Grech sold 513 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $160.95, for a total transaction of $82,567.35. Following the completion of the sale, the chief accounting officer owned 203 shares of the company’s stock, valued at approximately $32,672.85. This represents a 71.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 167,791 shares of company stock worth $27,781,124 over the last three months. 0.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On QUALCOMM

A number of institutional investors have recently added to or reduced their stakes in QCOM. Brighton Jones LLC boosted its position in shares of QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after purchasing an additional 340 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of QUALCOMM by 3.3% in the 1st quarter. Harbour Investments Inc. now owns 9,632 shares of the wireless technology company’s stock valued at $1,480,000 after buying an additional 307 shares during the period. Nicolet Advisory Services LLC raised its position in shares of QUALCOMM by 16.5% during the 1st quarter. Nicolet Advisory Services LLC now owns 1,982 shares of the wireless technology company’s stock valued at $304,000 after buying an additional 281 shares during the period. Finally, Howland Capital Management LLC lifted its holdings in QUALCOMM by 6.4% in the first quarter. Howland Capital Management LLC now owns 2,077 shares of the wireless technology company’s stock valued at $319,000 after acquiring an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

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.