QUALCOMM (QCOM) – Research Analysts’ Recent Ratings Updates

QUALCOMM (NASDAQ: QCOM) has recently received a number of price target changes and ratings updates:

• 11/20/2024 – QUALCOMM had its price target lowered by analysts at Susquehanna from $230.00 to $210.00. They now have a “positive” rating on the stock.
• 11/20/2024 – QUALCOMM had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $160.00 price target on the stock.
• 11/11/2024 – QUALCOMM is now covered by analysts at Loop Capital. They set a “hold” rating and a $180.00 price target on the stock.
• 11/7/2024 – QUALCOMM had its price target raised by analysts at Wells Fargo & Company from $170.00 to $175.00. They now have an “underweight” rating on the stock.
• 11/7/2024 – QUALCOMM had its price target raised by analysts at Sanford C. Bernstein from $200.00 to $215.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – QUALCOMM had its price target raised by analysts at UBS Group AG from $185.00 to $190.00. They now have a “neutral” rating on the stock.
• 11/7/2024 – QUALCOMM had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $160.00 price target on the stock.
• 11/7/2024 – QUALCOMM had its price target raised by analysts at Evercore ISI from $190.00 to $199.00. They now have an “in-line” rating on the stock.
• 11/7/2024 – QUALCOMM had its price target lowered by analysts at Morgan Stanley from $207.00 to $204.00. They now have an “equal weight” rating on the stock.
• 11/7/2024 – QUALCOMM had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $240.00 price target on the stock.
• 11/5/2024 – QUALCOMM had its price target lowered by analysts at JPMorgan Chase & Co. from $210.00 to $195.00. They now have an “overweight” rating on the stock.
• 10/21/2024 – QUALCOMM had its price target lowered by analysts at Susquehanna from $250.00 to $230.00. They now have a “positive” rating on the stock.
• 10/16/2024 – QUALCOMM had its price target lowered by analysts at Citigroup Inc. from $200.00 to $185.00. They now have a “neutral” rating on the stock.
• 10/8/2024 – QUALCOMM was downgraded by analysts at KeyCorp from an “overweight” rating to a “sector weight” rating.
• 10/8/2024 – QUALCOMM had its price target lowered by analysts at Cantor Fitzgerald from $215.00 to $160.00. They now have a “neutral” rating on the stock.
• 10/2/2024 – QUALCOMM was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 9/24/2024 – QUALCOMM was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.

QUALCOMM Stock Performance

Shares of QCOM opened at $155.42 on Friday. The company’s fifty day moving average is $168.04 and its 200-day moving average is $181.75. QUALCOMM Incorporated has a 12 month low of $125.67 and a 12 month high of $230.63. The firm has a market cap of $172.67 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 2.77 and a beta of 1.28. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, December 5th. This represents a $3.40 annualized dividend and a dividend yield of 2.19%. QUALCOMM’s dividend payout ratio (DPR) is 37.82%.

Insider Transactions at QUALCOMM

In other news, CTO James H. Thompson sold 8,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the transaction, the chief technology officer now owns 213,364 shares in the company, valued at $36,229,207.20. This represents a 3.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alexander H. Rogers sold 3,245 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $166.15, for a total transaction of $539,156.75. Following the completion of the transaction, the insider now owns 32,231 shares in the company, valued at $5,355,180.65. The trade was a 9.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,450 shares of company stock worth $2,911,306 in the last 90 days. 0.08% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pine Haven Investment Counsel Inc grew its stake in QUALCOMM by 2.5% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 2,059 shares of the wireless technology company’s stock valued at $410,000 after buying an additional 50 shares during the last quarter. Buffington Mohr McNeal boosted its holdings in QUALCOMM by 3.9% in the 2nd quarter. Buffington Mohr McNeal now owns 1,401 shares of the wireless technology company’s stock valued at $279,000 after purchasing an additional 53 shares during the period. TRUE Private Wealth Advisors boosted its holdings in QUALCOMM by 2.2% in the 2nd quarter. TRUE Private Wealth Advisors now owns 2,638 shares of the wireless technology company’s stock valued at $525,000 after purchasing an additional 57 shares during the period. Macroview Investment Management LLC boosted its holdings in QUALCOMM by 10.5% in the 2nd quarter. Macroview Investment Management LLC now owns 600 shares of the wireless technology company’s stock valued at $119,000 after purchasing an additional 57 shares during the period. Finally, McClarren Financial Advisors Inc. boosted its holdings in QUALCOMM by 43.2% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 199 shares of the wireless technology company’s stock valued at $40,000 after purchasing an additional 60 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

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.