Qualcomm (NASDAQ:QCOM) Shares Up 1.2% – Still a Buy?

Shares of Qualcomm Incorporated (NASDAQ:QCOM) rose 1.2% on Wednesday . The stock traded as high as $178.65 and last traded at $175.63. Approximately 7,635,740 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 16,656,973 shares. The stock had previously closed at $173.50.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Guggenheim set a $200.00 price target on shares of Qualcomm in a research note on Monday, June 22nd. Monness Crespi & Hardt raised shares of Qualcomm to a “buy” rating in a research report on Thursday, June 25th. Royal Bank Of Canada raised their target price on Qualcomm from $175.00 to $250.00 and gave the company a “sector perform” rating in a research note on Thursday, June 25th. Susquehanna boosted their price target on Qualcomm from $160.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Finally, Summit Insights raised Qualcomm from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $219.76.

Qualcomm Stock Up 1.2%

The stock has a market capitalization of $185.11 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 5.05 and a beta of 1.63. The firm’s fifty day moving average is $205.54 and its 200-day moving average is $168.38. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, sell-side analysts predict that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.1%. Qualcomm’s dividend payout ratio (DPR) is presently 40.00%.

Insider Transactions at Qualcomm

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the transaction, the chief executive officer owned 197,568 shares of the company’s stock, valued at $35,562,240. This trade represents a 4.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,721 shares of company stock valued at $4,044,465 over the last ninety days. 0.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Qualcomm

Several institutional investors and hedge funds have recently made changes to their positions in QCOM. Rosenberg Matthew Hamilton raised its holdings in shares of Qualcomm by 5.8% during the second quarter. Rosenberg Matthew Hamilton now owns 1,899 shares of the wireless technology company’s stock worth $351,000 after purchasing an additional 104 shares during the period. Pachira Investments Inc. acquired a new position in shares of Qualcomm in the 2nd quarter valued at about $201,000. Cypress Point Wealth Management LLC acquired a new position in shares of Qualcomm in the 2nd quarter valued at about $314,000. Farther Finance Advisors LLC boosted its holdings in shares of Qualcomm by 4.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 84,539 shares of the wireless technology company’s stock valued at $15,627,000 after buying an additional 3,418 shares during the period. Finally, Ballentine Partners LLC grew its position in shares of Qualcomm by 3.8% during the 2nd quarter. Ballentine Partners LLC now owns 30,077 shares of the wireless technology company’s stock valued at $5,558,000 after buying an additional 1,098 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

About Qualcomm

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.