QUALCOMM (NASDAQ:QCOM) Shares Up 1.1% – Here’s What Happened

QUALCOMM Incorporated (NASDAQ:QCOM) traded up 1.1% during trading on Thursday . The stock traded as high as $177.08 and last traded at $174.19. 8,684,415 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 8,739,704 shares. The stock had previously closed at $172.34.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on QCOM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a research report on Monday. UBS Group increased their price target on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a research report on Thursday, November 6th. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Citigroup increased their target price on QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus target price of $192.94.

QUALCOMM Stock Performance

The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. The stock has a market capitalization of $186.56 billion, a P/E ratio of 35.62, a PEG ratio of 3.86 and a beta of 1.22. The business has a 50-day moving average price of $171.24 and a 200 day moving average price of $162.81.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same quarter in the previous year, the business earned $2.69 earnings per share. The firm’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. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.0%. QUALCOMM’s payout ratio is presently 72.80%.

Insider Buying and Selling at QUALCOMM

In related news, EVP Ann C. Chaplin sold 7,180 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the transaction, the executive vice president directly owned 23,944 shares in the company, valued at $4,262,750.32. The trade was a 23.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $276,592.00. Following the sale, the insider owned 19,593 shares in the company, valued at approximately $3,387,041.91. This represents a 7.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 187,485 shares of company stock worth $31,360,393 in the last 90 days. Insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On QUALCOMM

Several institutional investors and hedge funds have recently added to or reduced their stakes in QCOM. AIA Group Ltd grew its holdings in shares of QUALCOMM by 103.4% in the third quarter. AIA Group Ltd now owns 114,244 shares of the wireless technology company’s stock worth $19,006,000 after acquiring an additional 58,072 shares during the period. FNY Investment Advisers LLC purchased a new position in QUALCOMM in the third quarter worth about $166,000. Hudson Bay Capital Management LP boosted its position in QUALCOMM by 2,979.9% in the third quarter. Hudson Bay Capital Management LP now owns 165,328 shares of the wireless technology company’s stock worth $27,504,000 after purchasing an additional 159,960 shares during the last quarter. Saranac Partners Ltd bought a new stake in shares of QUALCOMM during the 3rd quarter valued at about $5,045,000. Finally, IFP Advisors Inc increased its position in shares of QUALCOMM by 4.5% during the 3rd quarter. IFP Advisors Inc now owns 17,377 shares of the wireless technology company’s stock valued at $2,891,000 after purchasing an additional 747 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

About QUALCOMM

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.