QUALCOMM (NASDAQ:QCOM) Stock Price Down 3.6% – What’s Next?

Shares of QUALCOMM Incorporated (NASDAQ:QCOM) traded down 3.6% on Thursday . The company traded as low as $170.06 and last traded at $173.20. 16,063,736 shares were traded during trading, an increase of 84% from the average session volume of 8,746,325 shares. The stock had previously closed at $179.72.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Piper Sandler lifted their price target on QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America lifted their price target on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday. Cowen restated a “buy” rating on shares of QUALCOMM in a research note on Thursday. TD Cowen boosted their target price on QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company boosted their target price on QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $191.00.

QUALCOMM Stock Down 3.6%

The business has a 50 day simple moving average of $167.01 and a 200 day simple moving average of $157.54. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The stock has a market cap of $186.88 billion, a PE ratio of 16.70, a P/E/G ratio of 2.59 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. During the same quarter in the previous year, the company posted $2.69 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM’s payout ratio is currently 34.33%.

Insider Buying and Selling

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $170.00, for a total value of $34,170.00. Following the completion of the sale, the chief accounting officer owned 203 shares of the company’s stock, valued at $34,510. The trade was a 49.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the business’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $166.06, for a total value of $1,384,110.10. Following the completion of the sale, the chief financial officer directly owned 36,541 shares of the company’s stock, valued at $6,067,998.46. This represents a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 163,169 shares of company stock worth $26,978,998 over the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Institutional Trading of QUALCOMM

Institutional investors and hedge funds have recently made changes to their positions in the stock. Guinness Asset Management LTD grew its holdings in shares of QUALCOMM by 11.6% in the 2nd quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock valued at $8,824,000 after acquiring an additional 5,779 shares in the last quarter. CORDA Investment Management LLC. grew its holdings in shares of QUALCOMM by 18.6% in the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after acquiring an additional 3,524 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of QUALCOMM by 565.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock valued at $19,098,000 after acquiring an additional 105,631 shares in the last quarter. PFG Advisors grew its holdings in shares of QUALCOMM by 8.0% in the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company’s stock valued at $663,000 after acquiring an additional 321 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of QUALCOMM by 12.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company’s stock valued at $203,904,000 after acquiring an additional 145,509 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

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.