Qualcomm (NASDAQ:QCOM) Trading 4.7% Higher – Here’s What Happened

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Summit Insights upgraded Qualcomm from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Dbs Bank raised shares of Qualcomm to a “moderate buy” rating in a research note on Tuesday, July 7th. Mizuho raised their target price on shares of Qualcomm from $170.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Oppenheimer set a $200.00 price target on shares of Qualcomm in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $203.63.

Qualcomm Trading Up 4.7%

The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The firm has a market cap of $176.29 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 14.46 and a beta of 1.65. The business has a 50 day moving average of $191.58 and a 200 day moving average of $167.47.

Qualcomm (NASDAQ:QCOM) last announced its earnings results 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 net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same period in the previous year, the firm posted $2.77 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts forecast that Qualcomm Incorporated will post 7.78 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. Qualcomm’s dividend payout ratio (DPR) is 42.59%.

Insiders Place Their Bets

In other news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 Qualcomm 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 of the company’s stock, valued at approximately $4,191,899.04. This represents a 9.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 11,529 shares of company stock valued at $2,112,945. Company insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

A number of hedge funds have recently added to or reduced their stakes in QCOM. Brighton Jones LLC boosted its holdings in shares of Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after purchasing an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Qualcomm by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after buying an additional 340 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Qualcomm by 44.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock worth $530,000 after buying an additional 1,020 shares during the last quarter. Main Street Financial Solutions LLC raised its position in shares of Qualcomm by 6.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock worth $920,000 after buying an additional 333 shares during the period. Finally, Transamerica Financial Advisors LLC boosted its holdings in Qualcomm by 9.7% in the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock valued at $1,083,000 after acquiring an additional 603 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

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.