Cantor Fitzgerald Predicts Higher Earnings for QUALCOMM

QUALCOMM Incorporated (NASDAQ:QCOM) – Equities researchers at Cantor Fitzgerald lifted their FY2025 earnings per share estimates for shares of QUALCOMM in a research note issued to investors on Thursday, July 31st. Cantor Fitzgerald analyst C. Muse now anticipates that the wireless technology company will post earnings per share of $9.67 for the year, up from their previous estimate of $9.43. Cantor Fitzgerald currently has a “Neutral” rating and a $150.00 price target on the stock. The consensus estimate for QUALCOMM’s current full-year earnings is $9.39 per share. Cantor Fitzgerald also issued estimates for QUALCOMM’s FY2026 earnings at $8.61 EPS.

A number of other brokerages have also recently weighed in on QCOM. TD Cowen reduced their price target on shares of QUALCOMM from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the company an “outperform” rating in a research note on Monday. Loop Capital decreased their price target on shares of QUALCOMM from $180.00 to $155.00 and set a “hold” rating for the company in a research report on Thursday, May 1st. JPMorgan Chase & Co. increased their price target on QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Mizuho reduced their price objective on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, QUALCOMM currently has a consensus rating of “Hold” and an average price target of $182.48.

QUALCOMM Stock Up 1.0%

Shares of NASDAQ:QCOM opened at $148.19 on Friday. The stock has a 50-day simple moving average of $155.11 and a 200-day simple moving average of $154.93. The stock has a market capitalization of $159.90 billion, a P/E ratio of 14.29, a PEG ratio of 1.88 and a beta of 1.23. QUALCOMM has a 1 year low of $120.80 and a 1 year high of $182.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.08 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.71 by $0.06. The company had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 earnings per share.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM’s payout ratio is currently 36.25%.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $161.28, for a total value of $537,546.24. Following the completion of the transaction, the chief financial officer directly owned 46,446 shares of the company’s stock, valued at approximately $7,490,810.88. The trade was a 6.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the sale, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 424,099 shares of company stock valued at $8,324,591 over the last 90 days. 0.08% of the stock is owned by company insiders.

Hedge Funds Weigh In On QUALCOMM

Several institutional investors have recently made changes to their positions in the stock. Banque Transatlantique SA bought a new position in shares of QUALCOMM during the fourth quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC grew its position in QUALCOMM by 70.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its position 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 worth $26,000 after purchasing an additional 93 shares during the last quarter. WFA Asset Management Corp acquired a new stake in shares of QUALCOMM in the first quarter valued at approximately $27,000. Finally, Sunbeam Capital Management LLC bought a new stake in shares of QUALCOMM during the fourth quarter valued at approximately $29,000. 74.35% of the stock is owned by 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.