Cantor Fitzgerald Raises Earnings Estimates for QUALCOMM

QUALCOMM Incorporated (NASDAQ:QCOM) – Analysts at Cantor Fitzgerald lifted their FY2026 earnings per share estimates for QUALCOMM in a research report issued to clients and investors on Thursday, November 6th. Cantor Fitzgerald analyst C. Muse now forecasts that the wireless technology company will post earnings of $9.96 per share for the year, up from their prior estimate of $8.75. The consensus estimate for QUALCOMM’s current full-year earnings is $9.39 per share.

A number of other analysts have also recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday. Citigroup upped their price objective on QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. increased their target price on QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, UBS Group upped their price target on QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.38.

QUALCOMM Trading Down 1.3%

Shares of QCOM stock opened at $170.89 on Monday. The firm has a fifty day moving average of $167.46 and a 200-day moving average of $158.15. The stock has a market cap of $183.02 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 2.59 and a beta of 1.26. QUALCOMM has a 52-week low of $120.80 and a 52-week high of $205.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.87 by $0.13. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same period last year, the business earned $2.69 earnings per share. QUALCOMM’s quarterly revenue was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.

Insiders Place Their Bets

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares of the company’s stock, valued at approximately $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Patricia Y. Grech sold 273 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the sale, the chief accounting officer owned 404 shares in the company, valued at $65,213.68. The trade was a 40.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 163,169 shares of company stock worth $26,978,998. 0.08% of the stock is owned by company insiders.

Hedge Funds Weigh In On QUALCOMM

Institutional investors have recently modified their holdings of the stock. Guinness Asset Management LTD increased its holdings in shares of QUALCOMM by 11.6% in the second quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock valued at $8,824,000 after purchasing an additional 5,779 shares during the last quarter. CORDA Investment Management LLC. grew its stake in QUALCOMM by 18.6% in the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after buying an additional 3,524 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in QUALCOMM by 565.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock valued at $19,098,000 after acquiring an additional 105,631 shares during the period. PFG Advisors lifted its position in QUALCOMM by 8.0% during the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company’s stock worth $663,000 after acquiring an additional 321 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of QUALCOMM by 12.3% during the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company’s stock worth $203,904,000 after acquiring an additional 145,509 shares during the period. 74.35% of the stock is owned by institutional investors.

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.