QUALCOMM (NASDAQ:QCOM) Trading 1.1% Higher – Time to Buy?

QUALCOMM Incorporated (NASDAQ:QCOM) shares shot up 1.1% on Monday . The company traded as high as $166.94 and last traded at $165.06. 11,984,754 shares traded hands during trading, an increase of 36% from the average session volume of 8,811,388 shares. The stock had previously closed at $163.30.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on QCOM. Piper Sandler increased their price objective on shares of QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a 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. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an “outperform” rating in a research report on Monday, July 28th. Wells Fargo & Company lifted their price objective on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Finally, Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.38.

QUALCOMM Stock Up 1.1%

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 firm’s fifty day moving average price is $169.42 and its 200-day moving average price is $160.08. The company has a market cap of $176.78 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26.

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

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. QUALCOMM’s payout ratio is currently 72.80%.

Insiders Place Their Bets

In other news, CAO Patricia Y. Grech sold 513 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $160.95, for a total value of $82,567.35. Following the completion of the transaction, the chief accounting officer owned 203 shares in the company, valued at $32,672.85. This represents a 71.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $170.33, for a total transaction of $567,709.89. Following the sale, the chief financial officer directly owned 33,208 shares of the company’s stock, valued at $5,656,318.64. This represents a 9.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 168,027 shares of company stock valued at $27,818,497 in the last quarter. 0.08% of the stock is owned by company insiders.

Hedge Funds Weigh In On QUALCOMM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QCOM. Harbor Capital Advisors Inc. lifted its holdings in shares of QUALCOMM by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in QUALCOMM in the 3rd quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC lifted its stake in QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 93 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in QUALCOMM during the 2nd quarter worth approximately $32,000. Finally, Harbor Asset Planning Inc. acquired a new position in QUALCOMM during the 2nd quarter worth approximately $32,000. 74.35% of the stock is owned by institutional investors and hedge funds.

About QUALCOMM

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.