Qualcomm Incorporated (NASDAQ:QCOM - Get Free Report) CAO Patricia Grech sold 192 shares of Qualcomm stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $172.00, for a total value of $33,024.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Qualcomm Trading Up 15.1%
NASDAQ:QCOM opened at $179.58 on Friday. The firm has a market cap of $191.61 billion, a P/E ratio of 19.52 and a beta of 1.28. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The stock's 50 day simple moving average is $135.69 and its 200-day simple moving average is $155.33. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $205.95.
Qualcomm (NASDAQ:QCOM - Get 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 business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 43.63% and a net margin of 22.31%.The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities analysts anticipate that Qualcomm Incorporated will post 8.21 EPS for the current year.
Qualcomm Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This is an increase from Qualcomm's previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.0%. Qualcomm's dividend payout ratio is presently 40.00%.
Qualcomm declared that its board has initiated a share buyback plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.
Qualcomm News Roundup
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Q2 earnings beat and margin strength — Qualcomm reported Q2 non‑GAAP EPS of $2.65 (above consensus) with broad profitability and strength in automotive and licensing, which gave the bull case a near‑term lift. Yahoo: Qualcomm (QCOM) Posts Stellar Q2
- Positive Sentiment: AI/data‑center catalyst — CEO comments that Qualcomm will begin shipping a custom data‑center chip to “a large hyperscaler” this year drove optimism that the company can materially diversify revenue beyond handsets. Reuters: Qualcomm shares jump
- Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms moved more bullish (e.g., Benchmark raised its target to $225 and Rosenblatt reaffirmed buy), adding dealer support to the rally. Benzinga: Analyst moves
- Positive Sentiment: Independent upgrade — Summit Insights upgraded QCOM to “Buy,” contributing to buy‑side momentum. American Banking News: Summit Insights upgrade
- Neutral Sentiment: Technicals and momentum — Chart analysts note a technical breakout/shift in momentum after a period of underperformance, which can attract momentum traders but increases short‑term volatility. Barron's: Technicals
- Neutral Sentiment: Clustered price‑target moves — Several firms lifted targets into the $160+ area (some to $160, others higher), reflecting diverging analyst views on AI/data‑center upside versus handset/memory risks. 247wallst: Price target moves
- Negative Sentiment: Weaker Q3 guidance and memory‑supply headwind — Qualcomm guided Q3 below Street revenue/earnings expectations (EPS guide $2.10–$2.30; revenue $9.2B–$10.0B), citing a memory shortage that could pressure handset demand in the near term. That was the main reason for initial post‑earnings weakness. Reuters: Forecast underwhelms
- Negative Sentiment: Insider selling disclosure — A CAO sale of 192 shares was filed (executed under a Rule 10b5‑1 plan); while small and pre‑arranged, recurring insider sales elsewhere have been highlighted by data aggregators and may be watched by investors. InsiderTrades: Insider sale
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of QCOM. Norges Bank purchased a new stake in Qualcomm during the fourth quarter worth $2,591,056,000. Wellington Management Group LLP boosted its position in Qualcomm by 141.8% during the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company's stock worth $2,069,059,000 after purchasing an additional 7,292,783 shares in the last quarter. Geode Capital Management LLC boosted its position in Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares in the last quarter. Invesco Ltd. boosted its position in Qualcomm by 28.1% during the fourth quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company's stock worth $2,163,030,000 after purchasing an additional 2,771,490 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Qualcomm by 36.8% during the third quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company's stock worth $1,090,025,000 after purchasing an additional 1,764,252 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.
Analysts Set New Price Targets
QCOM has been the topic of a number of recent research reports. Morgan Stanley reissued an "underweight" rating and issued a $146.00 target price on shares of Qualcomm in a report on Thursday. Sanford C. Bernstein reissued a "market perform" rating and issued a $140.00 target price (down from $175.00) on shares of Qualcomm in a report on Thursday, March 26th. Zacks Research lowered Qualcomm from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 27th. Robert W. Baird set a $177.00 price objective on Qualcomm in a report on Thursday, February 5th. Finally, Argus dropped their price objective on Qualcomm from $205.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $165.88.
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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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