Qualcomm (NASDAQ:QCOM) Stock Price Up 1.9% – What’s Next?

Qualcomm Incorporated (NASDAQ:QCOM)’s share price traded up 1.9% during trading on Tuesday . The company traded as high as $175.49 and last traded at $173.50. 12,401,276 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 16,682,324 shares. The stock had previously closed at $170.32.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Oppenheimer downgraded Qualcomm from a “market perform” rating to a “market perform” rating in a research report on Friday, May 8th. Cantor Fitzgerald set a $220.00 target price on shares of Qualcomm and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Guggenheim set a $200.00 price target on shares of Qualcomm in a report on Monday, June 22nd. Benchmark upped their price target on shares of Qualcomm from $225.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, Susquehanna increased their price target on shares of Qualcomm from $160.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $219.76.

Qualcomm Stock Up 1.9%

The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The stock has a market capitalization of $182.87 billion, a PE ratio of 18.86, a PEG ratio of 5.10 and a beta of 1.63. The company has a 50 day moving average price of $206.28 and a 200-day moving average price of $168.36.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. During the same period in the prior year, the firm earned $2.85 earnings per share. Qualcomm’s revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, analysts forecast that Qualcomm Incorporated will post 7.97 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio is 40.00%.

Insider Buying and Selling

In other news, CAO Patricia Y. Grech sold 829 shares of the business’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 value of $167,267.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president owned 39,735 shares in the company, valued at $7,065,677.70. The trade was a 7.45% 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. In the last 90 days, insiders sold 21,721 shares of company stock valued at $4,044,465. 0.05% of the stock is owned by company insiders.

Institutional Trading of Qualcomm

Institutional investors and hedge funds have recently bought and sold shares of the company. Richardson Financial Services Inc. grew its holdings in shares of Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 80 shares during the last quarter. Torren Management LLC bought a new position in Qualcomm in the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd boosted its stake in Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after purchasing an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. purchased a new stake in Qualcomm during the 4th quarter valued at $31,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of Qualcomm in the 4th quarter worth $32,000. 74.35% of the stock is currently owned by institutional investors.

About Qualcomm

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.