Analysts Offer Predictions for QUALCOMM FY2025 Earnings

QUALCOMM Incorporated (NASDAQ:QCOM) – Stock analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for QUALCOMM in a note issued to investors on Monday, June 9th. Cantor Fitzgerald analyst C. Muse expects that the wireless technology company will post earnings of $9.43 per share for the year. Cantor Fitzgerald has a “Neutral” rating and a $150.00 price objective on the stock. The consensus estimate for QUALCOMM’s current full-year earnings is $9.39 per share. Cantor Fitzgerald also issued estimates for QUALCOMM’s FY2026 earnings at $8.55 EPS.

Several other analysts have also issued reports on QCOM. Evercore ISI lowered their price target on shares of QUALCOMM from $179.00 to $157.00 and set an “in-line” rating on the stock in a research report on Friday, May 2nd. Citigroup lowered their target price on shares of QUALCOMM from $185.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Wells Fargo & Company dropped their target price on QUALCOMM from $175.00 to $140.00 and set an “underweight” rating on the stock in a research report on Thursday, May 1st. Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, Seaport Res Ptn raised QUALCOMM to a “hold” rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $189.88.

QUALCOMM Price Performance

NASDAQ QCOM opened at $158.70 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The company has a market cap of $174.25 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 2.01 and a beta of 1.26. QUALCOMM has a 52 week low of $120.80 and a 52 week high of $230.63. The firm’s 50-day simple moving average is $145.25 and its two-hundred day simple moving average is $155.17.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.82 by $0.03. QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. The business had revenue of $10.98 billion for the quarter, compared to the consensus estimate of $10.58 billion. During the same quarter in the prior year, the business earned $2.44 earnings per share. QUALCOMM’s revenue for the quarter was up 17.0% on a year-over-year basis.

QUALCOMM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be given a $0.89 dividend. This is an increase from QUALCOMM’s previous quarterly dividend of $0.85. The ex-dividend date is Thursday, June 5th. This represents a $3.56 dividend on an annualized basis and a yield of 2.24%. QUALCOMM’s payout ratio is presently 36.25%.

Insider Buying and Selling

In related news, major shareholder Inc/De Qualcomm sold 412,500 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $6,600,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $146.10, for a total value of $486,951.30. Following the transaction, the chief financial officer now owns 49,779 shares in the company, valued at approximately $7,272,711.90. The trade was a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 423,464 shares of company stock worth $8,135,164 in the last quarter. 0.08% of the stock is owned by insiders.

Institutional Trading of QUALCOMM

Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in QUALCOMM during the 4th quarter valued at $2,721,882,000. Amundi raised its stake in shares of QUALCOMM by 36.6% during the fourth quarter. Amundi now owns 14,579,529 shares of the wireless technology company’s stock valued at $2,313,634,000 after acquiring an additional 3,905,918 shares during the last quarter. Nuveen LLC purchased a new stake in shares of QUALCOMM during the first quarter worth about $529,713,000. Raymond James Financial Inc. bought a new stake in shares of QUALCOMM in the fourth quarter worth about $527,053,000. Finally, GAMMA Investing LLC increased its holdings in QUALCOMM by 20,700.4% during the 1st quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company’s stock valued at $501,192,000 after purchasing an additional 3,247,068 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

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.