Qualcomm (NASDAQ:QCOM) Trading Down 3.1% – Should You Sell?

Shares of Qualcomm Incorporated (NASDAQ:QCOM) were down 3.1% on Thursday . The stock traded as low as $172.12 and last traded at $176.25. Approximately 18,492,932 shares were traded during trading, an increase of 8% from the average daily volume of 17,104,740 shares. The stock had previously closed at $181.92.

Wall Street Analyst Weigh In

Several research firms recently issued reports on QCOM. Morgan Stanley upgraded shares of Qualcomm from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $146.00 to $231.00 in a research report on Thursday, June 25th. Benchmark increased their price target on shares of Qualcomm from $225.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. BNP Paribas Exane cut shares of Qualcomm to a “neutral” rating in a research note on Wednesday, April 29th. Summit Insights raised shares of Qualcomm from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Finally, Daiwa Securities Group raised shares of Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price target on the stock in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $220.45.

Qualcomm Stock Performance

The firm’s fifty day moving average is $205.65 and its 200-day moving average is $167.95. 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 stock has a market capitalization of $185.77 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 5.24 and a beta of 1.63.

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

Qualcomm declared that its Board of Directors has approved a stock repurchase program on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. This trade represents a 7.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. 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 90 days, insiders sold 21,721 shares of company stock worth $3,918,290. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

Several hedge funds have recently bought and sold shares of the company. Your Advocates Ltd. LLP purchased a new stake in shares of Qualcomm during the first quarter worth approximately $26,000. Richardson Financial Services Inc. lifted its stake in Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 80 shares during the last quarter. Torren Management LLC acquired a new position in Qualcomm during the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd grew its holdings in Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 170 shares in the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new stake in shares of Qualcomm in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

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.