QUALCOMM (NASDAQ:QCOM) Shares Up 1.6% Following Analyst Upgrade

QUALCOMM Incorporated (NASDAQ:QCOM)’s share price shot up 1.6% during mid-day trading on Tuesday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock traded as high as $171.17 and last traded at $170.70. 9,133,696 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 8,781,225 shares. The stock had previously closed at $168.04.

Other research analysts have also issued research reports about the stock. Bank of America raised their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. 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 report on Tuesday, August 26th. Cowen reiterated a “buy” rating on shares of QUALCOMM in a research report on Thursday, November 6th. JPMorgan Chase & Co. increased their price target on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Finally, Susquehanna set a $210.00 price objective on QUALCOMM in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.38.

Insiders Place Their Bets

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the sale, the chief executive officer directly owned 149,304 shares in the company, valued at $24,718,770.24. This represents a 50.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 8,335 shares of QUALCOMM stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $166.06, for a total value of $1,384,110.10. Following the transaction, the chief financial officer owned 36,541 shares in the company, valued at $6,067,998.46. This trade represents a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 164,458 shares of company stock valued at $27,258,310 in the last three months. Insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On QUALCOMM

Several large investors have recently made changes to their positions in QCOM. Brighton Jones LLC increased its holdings in QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after purchasing an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC boosted its position 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 worth $391,000 after buying an additional 340 shares during the period. Scotia Capital Inc. grew its holdings in shares of QUALCOMM by 1.6% during the first quarter. Scotia Capital Inc. now owns 131,368 shares of the wireless technology company’s stock worth $20,179,000 after buying an additional 2,121 shares in the last quarter. Raiffeisen Bank International AG lifted its stake in QUALCOMM by 35.4% in the 1st quarter. Raiffeisen Bank International AG now owns 20,054 shares of the wireless technology company’s stock valued at $3,067,000 after acquiring an additional 5,246 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in QUALCOMM by 4.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 622,017 shares of the wireless technology company’s stock worth $95,548,000 after acquiring an additional 24,859 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Up 1.6%

The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $182.82 billion, a P/E ratio of 16.46, a PEG ratio of 2.59 and a beta of 1.22. The firm’s 50 day moving average price is $169.33 and its two-hundred day moving average price is $160.61.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.

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.