Erste Group Bank Decreases Earnings Estimates for Qualcomm

Qualcomm Incorporated (NASDAQ:QCOM) – Analysts at Erste Group Bank decreased their FY2027 EPS estimates for shares of Qualcomm in a research note issued to investors on Thursday, August 27th. Erste Group Bank analyst H. Engel now anticipates that the wireless technology company will post earnings per share of $7.31 for the year, down from their prior forecast of $7.46. The consensus estimate for Qualcomm’s current full-year earnings is $7.74 per share.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same quarter last year, the company posted $2.77 EPS. Qualcomm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS.

A number of other research analysts have also weighed in on QCOM. JPMorgan Chase & Co. raised their price objective on Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a research report on Friday, June 5th. Sanford C. Bernstein set a $165.00 target price on Qualcomm in a report on Thursday, July 30th. Lake Street Capital cut Qualcomm to a “hold” rating in a research note on Thursday, June 25th. Cantor Fitzgerald reduced their price target on Qualcomm from $200.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Finally, Craig Hallum lowered Qualcomm from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $203.76.

Qualcomm Stock Performance

Shares of QCOM opened at $166.61 on Monday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average price is $170.71 and its 200-day moving average price is $169.24. Qualcomm has a 52 week low of $121.99 and a 52 week high of $259.92. The stock has a market cap of $174.98 billion, a P/E ratio of 19.28, a P/E/G ratio of 15.74 and a beta of 1.67.

Qualcomm Dividend Announcement

The company also recently disclosed 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 is Thursday, September 3rd. Qualcomm’s payout ratio is presently 42.59%.

Insider Activity at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the transaction, the executive vice president directly owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their position. The transaction was disclosed in a legal filing 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 Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the sale, the executive vice president owned 23,184 shares in the company, valued at approximately $4,191,899.04. This represents a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 11,533 shares of company stock valued at $1,961,219. 0.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Qualcomm

A number of hedge funds have recently added to or reduced their stakes in QCOM. Brighton Jones LLC increased its position in shares of Qualcomm by 116.6% during the 4th 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 last quarter. Revolve Wealth Partners LLC raised its stake in Qualcomm by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after acquiring an additional 340 shares during the period. Sivia Capital Partners LLC raised its stake in Qualcomm by 44.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock worth $530,000 after acquiring an additional 1,020 shares during the period. Main Street Financial Solutions LLC lifted its holdings in Qualcomm by 6.1% during the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock valued at $920,000 after purchasing an additional 333 shares in the last quarter. Finally, Transamerica Financial Advisors LLC lifted its holdings in Qualcomm by 9.7% during the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock valued at $1,083,000 after purchasing an additional 603 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is expanding its AI PC presence through a partnership with HUMAIN. HUMAIN’s Horizon Ultra is powered by Qualcomm’s Snapdragon X2 Elite platform, providing potential exposure to growth in AI-enabled personal computers and validating Qualcomm’s strategy beyond smartphones. Can Qualcomm’s Tie-Up With HUMAIN for AI PC Lift Its Shares?
• Positive Sentiment: Investors continue to focus on Qualcomm’s automotive, data-center and edge-AI initiatives as longer-term diversification opportunities. Analysts have also noted that data-center growth could become a more meaningful catalyst ahead of the company’s fourth-quarter results. Qualcomm Outperforms Broader Market Slump
• Neutral Sentiment: Qualcomm named former Motorola Devices president Sergio Buniac to lead its Mobile, Compute and Personal AI businesses. The appointment could strengthen execution in smartphones, PCs and AI devices, although investors are watching whether new leadership can offset rising costs and potential losses in Apple modem revenue. How Investors May Respond To QCOM Naming Sergio Buniac
• Neutral Sentiment: Qualcomm’s quarterly dividend of $0.92 per share, implying a 2.2% yield, remains a source of shareholder support. Institutional investors collectively own about 74% of the stock, indicating substantial professional-investor participation.
• Negative Sentiment: Qualcomm faces a smartphone reality check: quarterly revenue recently declined 4% year over year, earnings fell short of consensus, and reduced iPhone modem share remains a concern. Analysts broadly maintain a “Hold” view, with several cutting price targets and one bank reducing earnings estimates. Qualcomm’s AI Ambitions Run Into a Smartphone Reality Check
• Negative Sentiment: Semiconductor stocks broadly sold off as higher bond yields pressured richly valued technology shares. Separately, Nvidia’s $3.5 billion investment in rival MediaTek and planned collaboration on AI chips, PCs and automotive products raise competitive concerns for Qualcomm. Semiconductor Stocks Slide as Global Bond Selloff Lifts Yields
• Negative Sentiment: A comparison with rapidly accelerating Sandisk highlights Qualcomm’s more gradual revenue contraction, reinforcing concerns that its AI growth businesses have not yet fully offset weaker mobile demand. A chief accounting officer’s $35,360 stock sale was made under a pre-arranged 10b5-1 plan and is unlikely to be a major signal by itself. Qualcomm vs. Sandisk

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.