Qualcomm (NASDAQ:QCOM) Shares Down 2.7% – What’s Next?

Qualcomm Incorporated (NASDAQ:QCOM)’s stock price fell 2.7% during mid-day trading on Monday . The company traded as low as $181.81 and last traded at $183.98. 12,979,703 shares traded hands during trading, a decline of 23% from the average session volume of 16,860,680 shares. The stock had previously closed at $189.16.

Analyst Ratings Changes

Several research analysts have commented on QCOM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a research note on Wednesday, June 24th. Royal Bank Of Canada upped their price objective on shares of Qualcomm from $175.00 to $250.00 and gave the company a “sector perform” rating in a research note on Thursday, June 25th. Barclays upgraded Qualcomm from an “underweight” rating to an “overweight” rating in a report on Thursday, June 25th. Melius Research set a $220.00 price objective on shares of Qualcomm in a report on Monday, May 18th. Finally, Summit Insights raised Qualcomm from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Qualcomm currently has an average rating of “Hold” and a consensus target price of $221.31.

Qualcomm Trading Down 2.7%

The company has a market cap of $193.90 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 5.63 and a beta of 1.63. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average of $209.59 and a two-hundred day moving average of $168.32.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter in the prior year, the firm posted $2.85 EPS. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, sell-side analysts predict that Qualcomm Incorporated will post 7.96 EPS for the current year.

Qualcomm declared that its board has approved a share buyback program on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $197.35, for a total value of $493,375.00. Following the transaction, the executive vice president owned 25,684 shares in the company, valued at approximately $5,068,737.40. The trade was a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 19,221 shares of company stock worth $3,592,440. Company insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

Several large investors have recently modified their holdings of QCOM. JFS Wealth Advisors LLC grew its position in shares of Qualcomm by 3.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock worth $295,000 after buying an additional 53 shares during the last quarter. Basepoint Wealth LLC increased its stake in shares of Qualcomm by 1.8% in the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock worth $429,000 after acquiring an additional 59 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. raised its stake in Qualcomm by 1.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 3,274 shares of the wireless technology company’s stock valued at $611,000 after buying an additional 62 shares during the last quarter. Baker Tilly Wealth Management LLC increased its stake in Qualcomm by 1.0% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock valued at $1,095,000 after purchasing an additional 64 shares in the last quarter. Finally, Modern Wealth Management LLC increased its position in shares of Qualcomm by 0.5% during the first quarter. Modern Wealth Management LLC now owns 13,704 shares of the wireless technology company’s stock valued at $1,744,000 after acquiring an additional 64 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.