Qualcomm (NASDAQ:QCOM) Shares Up 4.7% – Should You Buy?

Qualcomm Incorporated (NASDAQ:QCOM)’s stock price shot up 4.7% during mid-day trading on Friday . The company traded as high as $167.99 and last traded at $167.86. 9,561,567 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 16,394,627 shares. The stock had previously closed at $160.39.

Analyst Ratings Changes

A number of research analysts have commented on QCOM shares. Royal Bank Of Canada reduced their price objective on shares of Qualcomm from $250.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. Evercore set a $159.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Rosenblatt Securities cut their target price on shares of Qualcomm from $265.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Dbs Bank raised shares of Qualcomm to a “moderate buy” rating in a research report on Tuesday, July 7th. Finally, Tigress Financial lifted their price target on Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $203.63.

Qualcomm Trading Up 4.7%

The stock has a market cap of $176.29 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 15.41 and a beta of 1.65. The business’s fifty day simple moving average is $189.92 and its 200 day simple moving average is $167.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $9.69 billion. During the same period last year, the company posted $2.77 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts predict that Qualcomm Incorporated will post 7.78 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio is currently 42.59%.

Insider Buying and Selling

In other news, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the sale, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. The trade was a 8.05% 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 have sold a total of 11,529 shares of company stock worth $2,112,945 over the last quarter. 0.05% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. World Investment Advisors grew its stake in shares of Qualcomm by 14.3% in the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock worth $11,103,000 after purchasing an additional 8,130 shares in the last quarter. MUFG Securities EMEA plc raised its stake in shares of Qualcomm by 112.2% during the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock valued at $7,524,000 after purchasing an additional 23,262 shares in the last quarter. Swedbank AB raised its stake in shares of Qualcomm by 1.5% during the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock valued at $262,291,000 after purchasing an additional 23,110 shares in the last quarter. NBC Securities Inc. lifted its holdings in Qualcomm by 47.5% in the fourth quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock worth $3,197,000 after purchasing an additional 6,018 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in Qualcomm by 5.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock worth $24,578,000 after purchasing an additional 7,804 shares during the period. 74.35% of the stock is currently owned by institutional investors.

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.