QUALCOMM (NASDAQ:QCOM) Stock Price Up 3.1% – Should You Buy?

QUALCOMM Incorporated (NASDAQ:QCOM)’s share price shot up 3.1% on Friday . The stock traded as high as $159.89 and last traded at $158.96. 2,037,319 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 8,351,011 shares. The stock had previously closed at $154.13.

Analysts Set New Price Targets

Several brokerages recently weighed in on QCOM. JPMorgan Chase & Co. boosted their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Benchmark reduced their price objective on shares of QUALCOMM from $240.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Wells Fargo & Company reduced their price objective on shares of QUALCOMM from $175.00 to $140.00 and set an “underweight” rating on the stock in a research note on Thursday, May 1st. Piper Sandler reduced their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. Finally, Citigroup reissued a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. Eleven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, QUALCOMM has an average rating of “Hold” and a consensus target price of $181.10.

QUALCOMM Stock Up 2.5%

The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The firm has a market cap of $170.49 billion, a P/E ratio of 15.24, a PEG ratio of 2.30 and a beta of 1.23. The stock’s 50-day simple moving average is $155.64 and its 200 day simple moving average is $153.04.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.3%. QUALCOMM’s dividend payout ratio is 34.33%.

Insider Buying and Selling at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the transaction, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $148.10, for a total transaction of $493,617.30. Following the transaction, the chief financial officer owned 43,207 shares in the company, valued at $6,398,956.70. This represents a 7.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,390 shares of company stock valued at $1,874,817. 0.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On QUALCOMM

Several institutional investors have recently made changes to their positions in the stock. Carter Financial Group INC. acquired a new position in shares of QUALCOMM during the second quarter valued at about $210,000. Stance Capital LLC acquired a new position in shares of QUALCOMM during the second quarter valued at about $1,324,000. Cim Investment Management Inc. raised its holdings in shares of QUALCOMM by 99.7% during the second quarter. Cim Investment Management Inc. now owns 15,128 shares of the wireless technology company’s stock valued at $2,367,000 after purchasing an additional 7,551 shares during the period. Pathway Financial Advisers LLC raised its holdings in shares of QUALCOMM by 4.3% during the second quarter. Pathway Financial Advisers LLC now owns 14,753 shares of the wireless technology company’s stock valued at $2,350,000 after purchasing an additional 613 shares during the period. Finally, North Dallas Bank & Trust Co. acquired a new position in shares of QUALCOMM during the second quarter valued at about $256,000. Institutional investors and hedge funds 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.