Qualcomm (NASDAQ:QCOM) Stock Price Up 1.3% – Time to Buy?

Qualcomm Incorporated (NASDAQ:QCOM) shares were up 1.3% on Tuesday . The company traded as high as $129.29 and last traded at $128.78. Approximately 11,958,798 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 11,458,355 shares. The stock had previously closed at $127.07.

Analysts Set New Price Targets

QCOM has been the topic of a number of analyst reports. TD Cowen lowered their target price on shares of Qualcomm from $190.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. The Goldman Sachs Group assumed coverage on Qualcomm in a research note on Monday. They issued a “neutral” rating and a $135.00 price target for the company. Cantor Fitzgerald decreased their price target on Qualcomm from $185.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Robert W. Baird set a $177.00 price objective on Qualcomm in a research note on Thursday, February 5th. Finally, Wells Fargo & Company upgraded Qualcomm from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $135.00 to $185.00 in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and a consensus price target of $163.77.

Qualcomm Trading Down 0.3%

The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The stock has a 50-day moving average price of $139.39 and a two-hundred day moving average price of $159.58. The stock has a market cap of $135.42 billion, a PE ratio of 26.19 and a beta of 1.28.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. The company had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, March 5th. Qualcomm’s dividend payout ratio is currently 73.55%.

Qualcomm declared that its board has approved a stock buyback plan on Tuesday, March 17th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the wireless technology company to reacquire up to 14.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. This represents a 16.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the transaction, the executive vice president directly owned 35,599 shares of the company’s stock, valued at approximately $4,900,202.35. The trade was a 8.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 9,866 shares of company stock worth $1,474,796. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MASTERINVEST Kapitalanlage GmbH bought a new position in Qualcomm in the 2nd quarter worth about $3,896,000. Inscription Capital LLC raised its stake in shares of Qualcomm by 58.1% during the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock valued at $2,172,000 after acquiring an additional 4,799 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Qualcomm by 1.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company’s stock valued at $167,082,000 after acquiring an additional 16,738 shares in the last quarter. Simplify Asset Management Inc. purchased a new stake in shares of Qualcomm in the third quarter valued at approximately $725,000. Finally, First National Trust Co grew its stake in Qualcomm by 9.4% in the third quarter. First National Trust Co now owns 57,687 shares of the wireless technology company’s stock worth $9,597,000 after purchasing an additional 4,976 shares in the last quarter. Hedge funds and other 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.