QUALCOMM (NASDAQ:QCOM) Trading 3.5% Higher – Should You Buy?

Shares of QUALCOMM Incorporated (NASDAQ:QCOM) traded up 3.5% during mid-day trading on Wednesday . The company traded as high as $183.44 and last traded at $182.21. 11,030,134 shares changed hands during trading, an increase of 26% from the average session volume of 8,764,735 shares. The stock had previously closed at $176.00.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. lifted 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. Wall Street Zen cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna set a $210.00 price objective on shares of QUALCOMM in a research report on Thursday, November 6th. UBS Group increased their target price on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of QUALCOMM in a research note on Monday. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $191.00.

QUALCOMM Stock Performance

The company has a market capitalization of $190.95 billion, a P/E ratio of 36.46, a PEG ratio of 3.97 and a beta of 1.22. The stock’s fifty day moving average price is $170.72 and its 200-day moving average price is $162.11. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. During the same quarter in the previous year, the business earned $2.69 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.0%. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.

Insider Activity at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $276,592.00. Following the transaction, the insider directly owned 19,593 shares of the company’s stock, valued at $3,387,041.91. This represents a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 164,388 shares of company stock valued at $27,248,752 in the last ninety days. Company insiders own 0.08% of the company’s stock.

Institutional Trading of QUALCOMM

Several institutional investors have recently added to or reduced their stakes in QCOM. Guinness Asset Management LTD lifted its position in shares of QUALCOMM by 11.6% during the 2nd quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock worth $8,824,000 after buying an additional 5,779 shares during the last quarter. CORDA Investment Management LLC. grew its position in QUALCOMM by 18.6% in the second quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after acquiring an additional 3,524 shares during the last quarter. Westerkirk Capital Inc. acquired a new position in QUALCOMM during the second quarter worth about $4,539,000. Great Lakes Retirement Inc. lifted its holdings in shares of QUALCOMM by 8.0% in the second quarter. Great Lakes Retirement Inc. now owns 21,687 shares of the wireless technology company’s stock worth $3,454,000 after acquiring an additional 1,610 shares during the last quarter. Finally, Greatmark Investment Partners Inc. lifted its holdings in shares of QUALCOMM by 3.1% in the second quarter. Greatmark Investment Partners Inc. now owns 174,945 shares of the wireless technology company’s stock worth $27,862,000 after acquiring an additional 5,240 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

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.