Cantor Fitzgerald Boosts Earnings Estimates for QUALCOMM

QUALCOMM Incorporated (NASDAQ:QCOM) – Equities research analysts at Cantor Fitzgerald upped their FY2025 earnings per share estimates for QUALCOMM in a research note issued on Thursday, February 6th. Cantor Fitzgerald analyst C. Muse now anticipates that the wireless technology company will post earnings per share of $9.55 for the year, up from their previous forecast of $9.28. Cantor Fitzgerald has a “Neutral” rating and a $160.00 price objective on the stock. The consensus estimate for QUALCOMM’s current full-year earnings is $9.16 per share.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%.

Other research analysts have also recently issued research reports about the stock. Melius Research began coverage on shares of QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Piper Sandler cut their target price on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday. Barclays cut their target price on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Mizuho dropped their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $205.32.

QUALCOMM Stock Down 3.7 %

Shares of QCOM opened at $169.32 on Friday. The stock has a market cap of $188.11 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 2.87 and a beta of 1.25. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. QUALCOMM has a 12 month low of $143.63 and a 12 month high of $230.63. The company has a 50-day moving average price of $161.70 and a two-hundred day moving average price of $166.02.

Institutional Investors Weigh In On QUALCOMM

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Reston Wealth Management LLC purchased a new stake in QUALCOMM during the third quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in QUALCOMM during the 4th quarter valued at approximately $26,000. CKW Financial Group bought a new stake in QUALCOMM during the 4th quarter valued at approximately $27,000. Centricity Wealth Management LLC bought a new stake in QUALCOMM during the 4th quarter valued at approximately $29,000. Finally, Planning Capital Management Corp boosted its position in shares of QUALCOMM by 137.3% in the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company’s stock worth $34,000 after purchasing an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In other news, General Counsel Ann C. Chaplin sold 2,587 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $158.12, for a total value of $409,056.44. Following the completion of the transaction, the general counsel now directly owns 19,739 shares of the company’s stock, valued at $3,121,130.68. This trade represents a 11.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $161.54, for a total value of $484,620.00. Following the completion of the sale, the chief financial officer now owns 48,778 shares in the company, valued at $7,879,598.12. This trade represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,981 shares of company stock valued at $4,000,870. 0.08% of the stock is owned by insiders.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is 37.82%.

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.