QUALCOMM’s (QCOM) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of QUALCOMM (NASDAQ:QCOM) in a research report released on Thursday,Benzinga reports. The firm currently has a $225.00 target price on the wireless technology company’s stock.

A number of other research firms also recently weighed in on QCOM. UBS Group set a $165.00 target price on QUALCOMM in a research report on Monday, October 27th. Weiss Ratings upgraded QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. TD Cowen boosted their price objective on QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. Piper Sandler cut their target price on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. Finally, Mizuho raised their target price on QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.38.

QUALCOMM Stock Performance

QCOM opened at $170.89 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The company has a market cap of $183.02 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. The stock has a 50-day moving average of $167.46 and a 200-day moving average of $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 EPS for the quarter, topping the consensus estimate of $2.87 by $0.13. The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, equities research analysts forecast that QUALCOMM will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is presently 72.80%.

Insider Activity at QUALCOMM

In related news, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the sale, the chief executive officer owned 149,304 shares of the company’s stock, valued at $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Neil Martin sold 791 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at approximately $171,230.92. This represents a 41.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 163,169 shares of company stock valued at $26,978,998 over the last ninety days. Company insiders own 0.08% of the company’s stock.

Institutional Trading of QUALCOMM

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC boosted its position in shares of QUALCOMM by 656,661.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock worth $9,360,274,000 after buying an additional 58,764,593 shares during the period. Norges Bank bought a new stake in QUALCOMM in the 2nd quarter valued at approximately $2,713,603,000. Nuveen LLC acquired a new position in QUALCOMM during the 1st quarter worth approximately $529,713,000. Amundi grew its stake in shares of QUALCOMM by 38.2% during the 2nd quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after acquiring an additional 3,186,524 shares in the last quarter. Finally, Viking Global Investors LP raised its holdings in shares of QUALCOMM by 120.1% in the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after purchasing an additional 1,720,529 shares during the last quarter. 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.