Qualcomm Incorporated (NASDAQ:QCOM – Get Free Report)’s share price traded up 4% during trading on Friday. The company traded as high as $205.85 and last traded at $201.97. 17,564,705 shares were traded during trading, an increase of 12% from the average session volume of 15,646,574 shares. The stock had previously closed at $194.26.
Key Headlines Impacting Qualcomm
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Qualcomm renewed its global patent-licensing agreement with Apple through 2027. The extension provides greater visibility for Qualcomm’s QTL licensing business and signals that Apple will continue paying royalties, helping offset concerns about weaker smartphone demand. Qualcomm renews Apple patent deal
- Positive Sentiment: Investors are increasingly emphasizing Qualcomm’s AI strategy beyond smartphones. New Snapdragon chips target agentic AI workloads on phones, while management is positioning automotive, robotics and edge devices as longer-term growth markets. Qualcomm pushes AI from phones to cars and edge devices
- Positive Sentiment: Unusually heavy call-option activity—with roughly 140,153 calls traded, about 29% above average—suggests increased short-term bullish positioning and may be adding momentum to the shares.
- Neutral Sentiment: The Apple renewal initially caused uncertainty because the agreement’s specific terms were not disclosed and Apple may still reduce its reliance on Qualcomm modems over time. Buyers subsequently reversed much of that concern, treating the multiyear deal as a near-term positive. Qualcomm rallies as buyers reverse Apple renewal selloff
- Negative Sentiment: Qualcomm remains exposed to contracting smartphone demand, elevated memory costs and the longer-term possibility of losing portions of Apple’s modem business. Its latest reported quarter also included a modest earnings miss and year-over-year revenue decline.
- Negative Sentiment: CEO Cristiano Amon sold 10,000 shares for approximately $1.95 million. The transaction was executed under a pre-arranged Rule 10b5-1 plan, making it a limited negative signal rather than clear evidence of deteriorating management confidence. Qualcomm CEO sells 10,000 shares
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on QCOM shares. UBS Group reduced their target price on Qualcomm from $190.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. KeyCorp reaffirmed a “sector weight” rating on shares of Qualcomm in a research report on Wednesday, September 9th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Qualcomm in a research note on Wednesday, September 9th. Piper Sandler assumed coverage on shares of Qualcomm in a report on Wednesday, September 9th. They issued a “neutral” rating and a $190.00 target price on the stock. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $235.00 price target on shares of Qualcomm in a report on Wednesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Qualcomm has a consensus rating of “Hold” and an average price target of $204.10.
Qualcomm Stock Performance
The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The stock has a market cap of $212.11 billion, a P/E ratio of 23.38, a PEG ratio of 4.13 and a beta of 1.68. The stock has a 50-day simple moving average of $169.58 and a 200-day simple moving average of $174.09.
Qualcomm (NASDAQ:QCOM – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current year.
Qualcomm Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is 42.59%.
Insider Activity
In other news, CEO Cristiano Amon sold 10,000 shares of Qualcomm stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $195.00, for a total value of $1,950,000.00. Following the completion of the transaction, the chief executive officer directly owned 187,568 shares of the company’s stock, valued at approximately $36,575,760. This trade represents a 5.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $182.85, for a total value of $457,125.00. Following the completion of the transaction, the executive vice president directly owned 18,184 shares in the company, valued at approximately $3,324,944.40. This trade represents a 12.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 21,533 shares of company stock valued at $3,874,969. 0.05% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Qualcomm
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. increased its holdings in shares of Qualcomm by 12.7% during the second quarter. QRG Capital Management Inc. now owns 204,726 shares of the wireless technology company’s stock valued at $37,831,000 after acquiring an additional 23,009 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Qualcomm by 8.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 48,184 shares of the wireless technology company’s stock valued at $8,904,000 after buying an additional 3,746 shares during the last quarter. State Street Corp increased its position in shares of Qualcomm by 1.3% during the second quarter. State Street Corp now owns 52,763,263 shares of the wireless technology company’s stock worth $9,750,123,000 after acquiring an additional 671,537 shares in the last quarter. Security National Bank of Sioux City Iowa IA lifted its position in Qualcomm by 35.9% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 26,140 shares of the wireless technology company’s stock valued at $4,830,000 after acquiring an additional 6,900 shares in the last quarter. Finally, Talon Private Wealth LLC boosted its stake in Qualcomm by 14.3% during the 2nd quarter. Talon Private Wealth LLC now owns 14,498 shares of the wireless technology company’s stock valued at $2,679,000 after purchasing an additional 1,819 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.
About Qualcomm
Qualcomm Incorporated (NASDAQ: QCOM) is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.
Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.
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