Cantor Fitzgerald Forecasts QUALCOMM FY2025 Earnings

QUALCOMM Incorporated (NASDAQ:QCOM) – Research analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of QUALCOMM in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst C. Muse forecasts that the wireless technology company will earn $9.28 per share for the year. Cantor Fitzgerald currently has a “Neutral” rating and a $160.00 target price on the stock. The consensus estimate for QUALCOMM’s current full-year earnings is $9.12 per share.

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

QCOM has been the topic of several other research reports. Evercore ISI upped their target price on QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Susquehanna reduced their price objective on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, November 20th. UBS Group raised their price objective on shares of QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price target on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company increased their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, QUALCOMM has an average rating of “Moderate Buy” and an average price target of $206.57.

QUALCOMM Price Performance

Shares of QCOM opened at $170.24 on Thursday. The stock has a market cap of $189.14 billion, a PE ratio of 18.94, a PEG ratio of 2.79 and a beta of 1.25. The business has a 50-day simple moving average of $159.05 and a two-hundred day simple moving average of $168.04. 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 has a 12-month low of $139.26 and a 12-month high of $230.63.

Hedge Funds Weigh In On QUALCOMM

Several hedge funds and other institutional investors have recently modified their holdings of QCOM. Wescott Financial Advisory Group LLC acquired a new stake in QUALCOMM in the second quarter valued at $449,000. Fred Alger Management LLC lifted its position in QUALCOMM by 5.8% in the 2nd quarter. Fred Alger Management LLC now owns 55,972 shares of the wireless technology company’s stock valued at $11,149,000 after purchasing an additional 3,078 shares during the last quarter. Toronto Dominion Bank grew its holdings in QUALCOMM by 6.2% in the 2nd quarter. Toronto Dominion Bank now owns 767,394 shares of the wireless technology company’s stock worth $152,850,000 after buying an additional 44,618 shares in the last quarter. Kingfisher Capital LLC raised its stake in shares of QUALCOMM by 4.7% during the second quarter. Kingfisher Capital LLC now owns 1,820 shares of the wireless technology company’s stock valued at $362,000 after purchasing an additional 81 shares in the last quarter. Finally, Alpha DNA Investment Management LLC increased its stake in shares of QUALCOMM by 32.8% during the second quarter. Alpha DNA Investment Management LLC now owns 6,045 shares of the wireless technology company’s stock valued at $1,204,000 after acquiring an additional 1,492 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Alexander H. Rogers sold 10,373 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,665,800.07. Following the completion of the transaction, the insider now directly owns 33,383 shares in the company, valued at approximately $5,360,975.97. This represents a 23.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Ann C. Chaplin sold 1,901 shares of QUALCOMM stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the sale, the general counsel now owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This trade represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,882 shares of company stock worth $4,314,649 in the last three months. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

About QUALCOMM

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.