Analysts Set Qualcomm Incorporated (NASDAQ:QCOM) Price Target at $181.79

Shares of Qualcomm Incorporated (NASDAQ:QCOMGet Free Report) have received a consensus rating of “Hold” from the thirty-four analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fifteen have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $184.2857.

A number of research firms recently issued reports on QCOM. Robert W. Baird set a $300.00 target price on Qualcomm in a report on Friday, May 1st. Evercore set a $179.00 target price on Qualcomm in a report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Qualcomm in a report on Friday. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $140.00 price target (down from $175.00) on shares of Qualcomm in a report on Thursday, March 26th.

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Qualcomm Stock Performance

NASDAQ:QCOM opened at $211.72 on Wednesday. The firm has a market cap of $223.15 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 26.19 and a beta of 1.59. The stock has a fifty day moving average price of $184.43 and a 200 day moving average price of $164.85. Qualcomm has a 12-month low of $121.99 and a 12-month high of $259.92. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOMGet Free Report) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. The firm had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.Qualcomm’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts anticipate that Qualcomm will post 8 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.92 per share. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.7%. Qualcomm’s dividend payout ratio (DPR) is presently 40.00%.

Qualcomm announced that its Board of Directors has initiated a share buyback program on Tuesday, March 17th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the sale, the executive vice president directly owned 39,735 shares of the company’s stock, valued at $7,065,677.70. This trade represents a 7.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,806 shares of company stock valued at $3,928,958 over the last quarter. Corporate insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

Institutional investors and hedge funds have recently made changes to their positions in the company. Your Advocates Ltd. LLP purchased a new stake in shares of Qualcomm in the 1st quarter valued at about $26,000. Richardson Financial Services Inc. lifted its holdings in shares of Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after purchasing an additional 80 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Qualcomm in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after purchasing an additional 170 shares during the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new stake in shares of Qualcomm in the 4th quarter valued at about $31,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

About Qualcomm

(Get Free Report)

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.

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