QUALCOMM (NASDAQ:QCOM) Trading 4% Higher After Analyst Upgrade

QUALCOMM Incorporated (NASDAQ:QCOM) shares traded up 4% during mid-day trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $200.00 to $210.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. QUALCOMM traded as high as $183.43 and last traded at $179.72. 17,902,527 shares were traded during trading, an increase of 106% from the average session volume of 8,684,350 shares. The stock had previously closed at $172.84.

A number of other analysts also recently issued reports on the stock. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Tuesday, August 26th. Mizuho dropped their target price on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Citigroup increased their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the company an “outperform” rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $184.41.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 8,335 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the transaction, the chief financial officer directly owned 36,541 shares in the company, valued at $6,067,998.46. This trade represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Patricia Y. Grech sold 273 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the transaction, the chief accounting officer owned 404 shares in the company, valued at $65,213.68. This trade represents a 40.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 163,169 shares of company stock valued at $26,978,998. Corporate insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On QUALCOMM

Large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after purchasing an additional 9,343 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after purchasing an additional 340 shares during the period. Envestnet Asset Management Inc. grew its holdings in QUALCOMM by 0.7% during the first quarter. Envestnet Asset Management Inc. now owns 2,415,408 shares of the wireless technology company’s stock worth $371,031,000 after acquiring an additional 16,791 shares during the period. TD Private Client Wealth LLC grew its holdings in QUALCOMM by 6.1% during the first quarter. TD Private Client Wealth LLC now owns 7,399 shares of the wireless technology company’s stock worth $1,137,000 after acquiring an additional 428 shares during the period. Finally, Callan Capital LLC grew its holdings in QUALCOMM by 10.8% during the first quarter. Callan Capital LLC now owns 3,160 shares of the wireless technology company’s stock worth $485,000 after acquiring an additional 309 shares during the period. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Trading Up 4.0%

The business has a fifty day moving average of $166.61 and a 200-day moving average of $157.38. The stock has a market capitalization of $193.92 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 5th. The wireless technology company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.86 by ($0.30). QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business 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 of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.0%. QUALCOMM’s dividend payout ratio (DPR) is currently 34.33%.

QUALCOMM Company Profile

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.