FY2027 EPS Estimates for QUALCOMM Increased by Analyst

QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) - Research analysts at Zacks Research raised their FY2027 EPS estimates for QUALCOMM in a research note issued on Thursday, December 26th. Zacks Research analyst R. Department now anticipates that the wireless technology company will post earnings per share of $10.18 for the year, up from their previous estimate of $10.11. The consensus estimate for QUALCOMM's current full-year earnings is $9.09 per share.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The firm had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $9.90 billion.

Several other research firms have also recently commented on QCOM. Cantor Fitzgerald reissued a "neutral" rating and set a $160.00 target price on shares of QUALCOMM in a research note on Wednesday, November 20th. Morgan Stanley dropped their target price on QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating on the stock in a report on Thursday, November 7th. Melius began coverage on QUALCOMM in a research note on Monday, December 9th. They set a "hold" rating and a $180.00 price target for the company. Citigroup dropped their price objective on QUALCOMM from $200.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 16th. Finally, Melius Research began coverage on QUALCOMM in a research note on Monday, December 9th. They set a "hold" rating and a $180.00 target price for the company. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $208.00.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM traded down $2.66 during midday trading on Monday, reaching $154.58. 5,347,519 shares of the company traded hands, compared to its average volume of 8,926,879. The company has a market cap of $171.74 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 2.65 and a beta of 1.25. The stock has a 50-day moving average price of $161.83 and a 200 day moving average price of $173.48. QUALCOMM has a 52 week low of $134.94 and a 52 week high of $230.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79.

Institutional Investors Weigh In On QUALCOMM

A number of large investors have recently bought and sold shares of the business. Reston Wealth Management LLC bought a new stake in shares of QUALCOMM during the 3rd quarter worth about $26,000. HWG Holdings LP acquired a new stake in QUALCOMM in the 2nd quarter worth approximately $30,000. Planning Capital Management Corp boosted its position in QUALCOMM by 137.3% during the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock worth $34,000 after purchasing an additional 114 shares during the period. Accordant Advisory Group Inc acquired a new position in QUALCOMM during the third quarter valued at approximately $36,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of QUALCOMM in the third quarter valued at approximately $39,000. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total value of $1,358,400.00. Following the completion of the sale, the chief technology officer now directly owns 213,364 shares of the company's stock, valued at $36,229,207.20. The trade was a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares in the company, valued at approximately $14,570. This trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,127 shares of company stock worth $6,710,055 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.20%. QUALCOMM's payout ratio is 37.82%.

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.