QUALCOMM (NASDAQ:QCOM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of QUALCOMM (NASDAQ:QCOM) from a hold rating to a buy rating in a report released on Monday morning.

A number of other equities research analysts also recently commented on the company. Wells Fargo & Company lifted their price objective on QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Rosenblatt Securities restated a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a report on Thursday, November 6th. Mizuho lifted their target price on QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. TD Cowen upped their price target on QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, Citigroup raised their price objective on QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.38.

QUALCOMM Stock Up 2.6%

Shares of NASDAQ QCOM opened at $175.07 on Monday. QUALCOMM has a 12-month low of $120.80 and a 12-month high of $205.95. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10. The firm’s 50-day moving average is $169.38 and its two-hundred day moving average is $160.83. The company has a market capitalization of $187.50 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 3.68 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.13. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. During the same period in the prior year, the business earned $2.69 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities analysts anticipate that QUALCOMM will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

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 given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.0%. QUALCOMM’s dividend payout ratio (DPR) is 72.80%.

Insider Activity

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at $24,718,770.24. This represents a 50.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $172.87, for a total transaction of $276,592.00. Following the completion of the sale, the insider directly owned 19,593 shares of the company’s stock, valued at $3,387,041.91. The trade was a 7.55% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 164,661 shares of company stock valued at $27,292,820. 0.08% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QUALCOMM

A number of large investors have recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC grew its stake in QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after buying an additional 93 shares during the last quarter. Harbor Capital Advisors Inc. grew its position 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 worth $26,000 after acquiring an additional 65 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in shares of QUALCOMM in the 3rd quarter worth about $27,000. Chung Wu Investment Group LLC bought a new stake in QUALCOMM in the 2nd quarter valued at about $32,000. Finally, Harbor Asset Planning Inc. acquired a new position in QUALCOMM during the 2nd quarter valued at about $32,000. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Company Profile

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.