QUALCOMM (NASDAQ:QCOM) Receives Neutral Rating from Cantor Fitzgerald

Cantor Fitzgerald restated their neutral rating on shares of QUALCOMM (NASDAQ:QCOM) in a report issued on Thursday,Benzinga reports. The brokerage currently has a $160.00 target price on the wireless technology company’s stock. Cantor Fitzgerald also issued estimates for QUALCOMM’s FY2025 earnings at $9.55 EPS.

Other equities analysts have also issued reports about the stock. Evercore ISI boosted their price target on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their target price on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Susquehanna cut their price target on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, November 20th. Loop Capital initiated coverage on QUALCOMM in a research note on Monday, November 11th. They set a “hold” rating and a $180.00 price objective on the stock. Finally, Piper Sandler cut their target price on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.32.

QUALCOMM Price Performance

Shares of QUALCOMM stock opened at $169.32 on Thursday. The firm has a market cap of $188.11 billion, a PE ratio of 18.83, a P/E/G ratio of 2.87 and a beta of 1.25. The business has a 50-day moving average price of $161.70 and a 200 day moving average price of $166.02. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. QUALCOMM has a twelve month low of $143.63 and a twelve month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. Sell-side analysts predict that QUALCOMM will post 9.16 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.01%. QUALCOMM’s payout ratio is currently 37.82%.

Insiders Place Their Bets

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 2,587 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $158.12, for a total value of $409,056.44. Following the completion of the sale, the general counsel now owns 19,739 shares in the company, valued at $3,121,130.68. This represents a 11.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares of the company’s stock, valued at approximately $14,570. This represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,981 shares of company stock worth $4,000,870. 0.08% of the stock is owned by insiders.

Hedge Funds Weigh In On QUALCOMM

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC grew its position in QUALCOMM by 167.2% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 36,999 shares of the wireless technology company’s stock valued at $5,684,000 after acquiring an additional 23,150 shares during the period. Callan Family Office LLC grew its holdings in shares of QUALCOMM by 368.8% in the 4th quarter. Callan Family Office LLC now owns 12,141 shares of the wireless technology company’s stock worth $1,865,000 after purchasing an additional 9,551 shares during the last quarter. EagleClaw Capital Managment LLC grew its holdings in shares of QUALCOMM by 2.6% in the 4th quarter. EagleClaw Capital Managment LLC now owns 44,690 shares of the wireless technology company’s stock worth $6,865,000 after purchasing an additional 1,150 shares during the last quarter. Chatham Capital Group Inc. increased its position in shares of QUALCOMM by 1.9% during the 4th quarter. Chatham Capital Group Inc. now owns 27,231 shares of the wireless technology company’s stock worth $4,183,000 after purchasing an additional 506 shares in the last quarter. Finally, E Fund Management Co. Ltd. lifted its holdings in QUALCOMM by 41.3% during the 4th quarter. E Fund Management Co. Ltd. now owns 45,546 shares of the wireless technology company’s stock valued at $6,997,000 after purchasing an additional 13,303 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

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.