Qualcomm (NASDAQ:QCOM – Free Report) had its target price boosted by Benchmark from $200.00 to $225.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the wireless technology company’s stock.
Several other equities analysts have also recently commented on QCOM. Loop Capital raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 target price on the stock in a research note on Tuesday, February 24th. Robert W. Baird set a $177.00 target price on shares of Qualcomm in a research note on Thursday, February 5th. Summit Insights raised shares of Qualcomm from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Research cut shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Finally, Argus lowered their target price on shares of Qualcomm from $205.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $165.88.
Check Out Our Latest Analysis on Qualcomm
Qualcomm Price Performance
Qualcomm (NASDAQ:QCOM – Get Free Report) last posted its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 43.63%. The firm had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter in the prior year, the firm earned $2.85 EPS. Qualcomm’s quarterly revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts forecast that Qualcomm will post 8.21 EPS for the current year.
Qualcomm Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a $0.92 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 2.0%. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio is presently 40.00%.
Qualcomm declared that its Board of Directors has initiated a stock buyback program on Tuesday, March 17th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Insider Transactions at Qualcomm
In other news, CAO Patricia Y. Grech sold 192 shares of Qualcomm stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $172.00, for a total value of $33,024.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the transaction, the executive vice president directly owned 16,393 shares in the company, valued at $2,245,841. This represents a 16.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,310 shares of company stock valued at $1,266,729 in the last quarter. Insiders own 0.05% of the company’s stock.
Hedge Funds Weigh In On Qualcomm
Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Qualcomm by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock worth $19,524,350,000 after purchasing an additional 647,076 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Qualcomm by 12.5% in the 4th 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 during the last quarter. Wellington Management Group LLP grew its stake in shares of Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the last quarter. Norges Bank acquired a new position in shares of Qualcomm in the 4th quarter worth approximately $2,591,056,000. Finally, Amundi grew its stake in shares of Qualcomm by 9.9% in the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock worth $2,136,486,000 after purchasing an additional 1,138,541 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.
Trending Headlines about Qualcomm
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Q2 beat on EPS (reported $2.65 vs. ~ $2.56 consensus), with automotive and licensing strength helping offset modest revenue weakness; the quarter and commentary were the immediate catalyst for the rally. Read More.
- Positive Sentiment: CEO Cristiano Amon said Qualcomm will begin shipping custom data?center chips to a “large hyperscaler” within the calendar year — investors treated this as a major AI/data?center growth signal. Read More.
- Positive Sentiment: Several brokerages raised targets and ratings after the report (Benchmark raised its target to $225 with a Buy; multiple firms lifted targets to ~$160), supporting upside expectations from Wall Street. Read More.
- Neutral Sentiment: Qualcomm’s Q2 revenue was roughly in line (~$10.6B) but down year?over?year; the market is parsing strong per?share profitability versus a softer top line. Read More.
- Neutral Sentiment: Technicals and momentum favor further upside in the near term (analysts/technicals note potential breakout), which may amplify moves while sentiment remains positive. Read More.
- Negative Sentiment: Guidance disappointed: Q3 EPS guidance (2.10–2.30) and revenue guide ($9.2B–$10.0B) came in below consensus, reflecting memory?supply constraints — a reason for caution on near?term growth. Read More.
- Negative Sentiment: Not all upgrades are uniformly bullish: JPMorgan set a $160 target with a “neutral” rating (below current levels), and some analysts trimmed FY estimates — showing lingering valuation/near?term risk. Read More.
Qualcomm Company Profile
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.
Further Reading
Receive News & Ratings for Qualcomm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualcomm and related companies with MarketBeat.com's FREE daily email newsletter.
