QUALCOMM (NASDAQ:QCOM) Price Target Raised to $185.00

QUALCOMM (NASDAQ:QCOM) had its price objective raised by UBS Group from $175.00 to $185.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a neutral rating on the wireless technology company’s stock.

Several other brokerages also recently weighed in on QCOM. Weiss Ratings upgraded QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. Bank of America boosted their price target on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler increased their target price on shares of QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday. Susquehanna set a $210.00 target price on QUALCOMM in a report on Thursday. Finally, TD Cowen boosted their price objective on QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.38.

QUALCOMM Stock Down 1.3%

Shares of QUALCOMM stock opened at $170.89 on Thursday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The company has a market cap of $183.02 billion, a P/E ratio of 16.48, a PEG ratio of 2.59 and a beta of 1.26. The firm’s 50 day moving average price is $167.46 and its 200-day moving average price is $158.02. QUALCOMM has a 52-week low of $120.80 and a 52-week high of $205.95.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.13. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $10.74 billion. During the same period last year, the firm earned $2.69 earnings per share. QUALCOMM’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. On average, sell-side analysts predict that QUALCOMM will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s payout ratio is 72.80%.

Insider Activity

In related news, CFO Akash J. Palkhiwala sold 8,335 shares of the stock in a transaction on Monday, October 20th. The stock was 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 of the company’s stock, valued at $6,067,998.46. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Patricia Y. Grech sold 273 shares of QUALCOMM stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the sale, the chief accounting officer directly owned 404 shares of the company’s stock, valued at $65,213.68. This trade represents a 40.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 163,169 shares of company stock worth $26,978,998. 0.08% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QUALCOMM

Several hedge funds have recently added to or reduced their stakes in QCOM. Brighton Jones LLC grew its holdings in shares of QUALCOMM by 116.6% during the fourth 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 during the last quarter. Revolve Wealth Partners LLC increased its position in 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. Stratos Investment Management LLC purchased a new stake in QUALCOMM in the first quarter valued at approximately $311,000. Cornerstone Planning Group LLC boosted its holdings in shares of QUALCOMM by 34.1% in the first quarter. Cornerstone Planning Group LLC now owns 672 shares of the wireless technology company’s stock valued at $94,000 after acquiring an additional 171 shares during the period. Finally, Moloney Securities Asset Management LLC grew its position in shares of QUALCOMM by 3.9% during the first quarter. Moloney Securities Asset Management LLC now owns 2,479 shares of the wireless technology company’s stock worth $381,000 after acquiring an additional 94 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

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.