Qualcomm (NASDAQ:QCOM) Stock Price Up 2.7% – What’s Next?

Qualcomm Incorporated (NASDAQ:QCOM)’s share price traded up 2.7% during trading on Monday . The stock traded as high as $151.68 and last traded at $151.57. 13,657,706 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 16,550,590 shares. The stock had previously closed at $147.61.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on QCOM shares. Lake Street Capital cut Qualcomm to a “hold” rating in a research note on Thursday, June 25th. Raymond James Financial began coverage on shares of Qualcomm in a report on Thursday, June 25th. They set a “strong-buy” rating for the company. HSBC reaffirmed a “hold” rating on shares of Qualcomm in a research report on Wednesday, July 15th. Summit Insights upgraded shares of Qualcomm from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $203.63.

Qualcomm Trading Down 3.2%

The firm has a market capitalization of $165.44 billion, a P/E ratio of 18.23, a P/E/G ratio of 13.64 and a beta of 1.65. The company’s fifty day moving average is $194.76 and its 200-day moving average is $167.49. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM) last posted 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). 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 in the prior year, the firm posted $2.77 EPS. Qualcomm’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. As a group, sell-side analysts anticipate that Qualcomm Incorporated will post 7.94 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is presently 42.59%.

Insider Activity

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the sale, the executive vice president directly owned 23,184 shares in the company, valued at approximately $4,191,899.04. This represents a 9.73% decrease in their position. 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. Over the last ninety days, insiders have sold 11,529 shares of company stock worth $2,112,945. Company insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. JFS Wealth Advisors LLC raised its holdings in shares of Qualcomm by 3.4% in the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock valued at $295,000 after buying an additional 53 shares during the last quarter. Wall Street Financial Group Inc. raised its stake in shares of Qualcomm by 1.9% in the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock worth $564,000 after acquiring an additional 57 shares during the last quarter. Sunbeam Capital Management LLC lifted its position in shares of Qualcomm by 3.7% during the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock worth $303,000 after purchasing an additional 58 shares in the last quarter. Basepoint Wealth LLC grew its stake in shares of Qualcomm by 1.8% during the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after purchasing an additional 59 shares during the last quarter. Finally, Five Oceans Advisors increased its holdings in shares of Qualcomm by 3.3% in the second quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company’s stock valued at $338,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

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.