Qualcomm (NASDAQ:QCOM) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Qualcomm (NASDAQ:QCOM) in a report published on Monday, MarketBeat.com reports. The brokerage issued a neutral rating and a $135.00 price target on the wireless technology company’s stock.

Other equities research analysts also recently issued reports about the company. Evercore decreased their price objective on Qualcomm from $157.00 to $134.00 and set an “in-line” rating on the stock in a research report on Thursday, February 5th. Zacks Research cut Qualcomm from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Susquehanna downgraded Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 target price on the stock. in a research report on Thursday, February 5th. JPMorgan Chase & Co. decreased their price target on Qualcomm from $195.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Finally, TD Cowen lowered their price target on Qualcomm from $190.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and an average price target of $163.77.

Qualcomm Stock Performance

Shares of NASDAQ:QCOM opened at $127.07 on Monday. The firm has a fifty day simple moving average of $140.47 and a two-hundred day simple moving average of $160.04. Qualcomm has a 52 week low of $120.80 and a 52 week high of $205.95. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $135.58 billion, a P/E ratio of 26.25 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.12. The firm had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, analysts expect that Qualcomm will post 9.39 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, March 5th. Qualcomm’s payout ratio is 73.55%.

Qualcomm declared that its Board of Directors has approved a share buyback program on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the sale, the executive vice president owned 16,393 shares in the company, valued at approximately $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $137.65, for a total value of $458,787.45. Following the completion of the transaction, the executive vice president directly owned 35,599 shares in the company, valued at approximately $4,900,202.35. This trade represents a 8.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 9,866 shares of company stock worth $1,474,796. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Qualcomm

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Qualcomm by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock worth $19,524,350,000 after acquiring an additional 647,076 shares in the last quarter. State Street Corp raised its holdings in shares of Qualcomm by 0.8% in the 2nd quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock valued at $8,547,014,000 after purchasing an additional 420,352 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the period. Wellington Management Group LLP lifted its position in shares of Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the period. Finally, Norges Bank bought a new position in shares of Qualcomm during the fourth quarter valued at approximately $2,591,056,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.