Qualcomm Incorporated (NASDAQ:QCOM) Receives $203.63 Consensus Target Price from Analysts
by Danessa Lincoln · The Markets DailyShares of Qualcomm Incorporated (NASDAQ:QCOM – Get Free Report) have received a consensus rating of “Hold” from the thirty-seven analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twenty have given a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $203.7586.
QCOM has been the topic of several analyst reports. TD Cowen reduced their price target on Qualcomm from $225.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. DZ Bank raised Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 target price for the company in a research note on Friday, June 26th. Roth Capital began coverage on Qualcomm in a research report on Friday, May 8th. They set a “buy” rating for the company. Zacks Research upgraded Qualcomm from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Citigroup dropped their price objective on shares of Qualcomm from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th.
View Our Latest Research Report on QCOM
Qualcomm Stock Performance
Shares of Qualcomm stock opened at $164.19 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The stock’s 50 day simple moving average is $172.49 and its 200-day simple moving average is $168.85. The stock has a market cap of $172.44 billion, a P/E ratio of 19.00, a P/E/G ratio of 15.16 and a beta of 1.65. Qualcomm has a 1-year low of $121.99 and a 1-year high of $259.92.
Qualcomm (NASDAQ:QCOM – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts predict that Qualcomm will post 7.74 EPS for the current fiscal year.
Qualcomm Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio is 42.59%.
Insider Buying and Selling at Qualcomm
In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total transaction of $452,025.00. Following the transaction, the executive vice president owned 23,184 shares of the company’s stock, valued at approximately $4,191,899.04. This trade represents a 9.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares of the company’s stock, valued at $5,372,106.40. The trade was a 8.05% 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 11,325 shares of company stock worth $1,925,859 over the last 90 days. Corporate insiders own 0.05% of the company’s stock.
Institutional Trading of Qualcomm
Several institutional investors and hedge funds have recently bought and sold shares of QCOM. Your Advocates Ltd. LLP purchased a new stake in Qualcomm in the 1st quarter valued at approximately $26,000. Torren Management LLC acquired a new position in Qualcomm during the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd increased its holdings in Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. acquired a new stake in shares of Qualcomm during the 4th quarter valued at approximately $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of Qualcomm in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.
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.
See Also
- Five stocks we like better than Qualcomm
- Broadcom’s Earnings Test Comes With a Higher Bar After NVIDIA’s Blowout
- Palo Alto’s Rally Has One Big Problem Ahead of Earnings
- These 5 ETFs Have Raked in Cash This Year—What Do They All Have in Common?
- DLocal Is Testing the Breakout Level That Could Change Its Stock Story