QUALCOMM (NASDAQ:QCOM) Stock Price Down 2.1% – Time to Sell?

QUALCOMM Incorporated (NASDAQ:QCOM)’s stock price traded down 2.1% during mid-day trading on Wednesday . The company traded as low as $172.05 and last traded at $172.34. 8,284,254 shares changed hands during trading, a decline of 5% from the average session volume of 8,739,048 shares. The stock had previously closed at $176.12.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on QCOM shares. Weiss Ratings restated a “hold (c)” rating on shares of QUALCOMM in a research report on Monday. Cantor Fitzgerald restated a “neutral” rating and set a $185.00 target price on shares of QUALCOMM in a report on Tuesday. Bank of America lifted their price objective on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Arete Research set a $200.00 target price on shares of QUALCOMM in a report on Tuesday, August 26th. Finally, Piper Sandler boosted their price target on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.94.

QUALCOMM Price Performance

The firm has a fifty day simple moving average of $171.15 and a two-hundred day simple moving average of $162.75. The firm has a market cap of $184.58 billion, a PE ratio of 35.24, a PEG ratio of 3.93 and a beta of 1.22. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same quarter in the previous year, the business earned $2.69 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently disclosed 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. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio is 72.80%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 8,335 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $6,067,998.46. This represents a 18.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Patricia Y. Grech sold 513 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $160.95, for a total value of $82,567.35. Following the transaction, the chief accounting officer owned 203 shares in the company, valued at approximately $32,672.85. This represents a 71.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 164,388 shares of company stock valued at $27,248,752 over the last 90 days. 0.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On QUALCOMM

Several hedge funds have recently modified their holdings of QCOM. Vanguard Group Inc. lifted its holdings in QUALCOMM by 0.3% during the second quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company’s stock worth $18,260,635,000 after buying an additional 290,799 shares during the period. Kingstone Capital Partners Texas LLC increased its holdings in shares of QUALCOMM by 656,661.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock valued at $9,360,274,000 after acquiring an additional 58,764,593 shares during the period. State Street Corp raised its position in shares of QUALCOMM by 0.8% in the 2nd quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock worth $8,547,014,000 after acquiring an additional 420,352 shares in the last quarter. Norges Bank bought a new position in shares of QUALCOMM in the 2nd quarter worth $2,713,603,000. Finally, Amundi lifted its stake in shares of QUALCOMM by 9.9% during the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock worth $2,136,486,000 after purchasing an additional 1,138,541 shares during the last quarter. 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.