FY2027 EPS Estimates for QUALCOMM Raised by Zacks Research

QUALCOMM Incorporated (NASDAQ:QCOM) – Research analysts at Zacks Research upped their FY2027 earnings per share (EPS) estimates for shares of QUALCOMM in a report issued on Thursday, December 26th. Zacks Research analyst R. Department now expects that the wireless technology company will post earnings of $10.18 per share 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.

A number of other analysts have also recently weighed in on the stock. Citigroup reduced their price objective on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. Sanford C. Bernstein lifted their price target on QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. TD Cowen upgraded shares of QUALCOMM to a “strong-buy” rating in a research note on Monday, September 16th. Benchmark restated a “buy” rating and issued a $240.00 price target on shares of QUALCOMM in a research report on Thursday, November 7th. Finally, Susquehanna reduced their target price on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, November 20th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.00.

QUALCOMM Stock Down 1.7 %

Shares of QCOM stock opened at $154.58 on Monday. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The stock’s 50 day simple moving average is $161.83 and its 200 day simple moving average is $173.48. QUALCOMM has a twelve month low of $134.94 and a twelve month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $9.90 billion.

Hedge Funds Weigh In On QUALCOMM

Several large investors have recently bought and sold shares of QCOM. HWG Holdings LP bought a new stake in shares of QUALCOMM during the 2nd quarter valued at $30,000. Reston Wealth Management LLC acquired a new position in QUALCOMM in the third quarter valued at about $26,000. Planning Capital Management Corp lifted its stake in QUALCOMM by 137.3% in the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company’s stock valued at $34,000 after buying an additional 114 shares during the period. Hershey Financial Advisers LLC bought a new position in QUALCOMM during the second quarter worth about $42,000. Finally, Accordant Advisory Group Inc acquired a new position in shares of QUALCOMM during the 3rd quarter worth about $36,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other QUALCOMM news, insider Alexander H. Rogers sold 10,373 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the completion of the sale, the insider now directly owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. The trade was a 23.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the transaction, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,127 shares of company stock valued at $4,853,805. Insiders own 0.08% of the company’s stock.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, December 5th. QUALCOMM’s payout ratio is presently 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.