Qualcomm (NASDAQ:QCOM) Shares Down 3.2% Following Insider Selling

Shares of Qualcomm Incorporated (NASDAQ:QCOM) fell 3.2% during trading on Tuesday following insider selling activity. The company traded as low as $177.45 and last traded at $178.10. Approximately 12,781,957 shares were traded during mid-day trading, a decline of 24% from the average session volume of 16,838,730 shares. The stock had previously closed at $183.98.

Specifically, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total transaction of $452,025.00. Following the completion of the sale, the executive vice president owned 23,184 shares of the company’s stock, valued at $4,191,899.04. This trade represents a 9.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

QCOM has been the topic of several recent analyst reports. Morgan Stanley raised Qualcomm from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $146.00 to $231.00 in a research note on Thursday, June 25th. BNP Paribas Exane downgraded Qualcomm to a “neutral” rating in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their price objective on shares of Qualcomm from $230.00 to $265.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Robert W. Baird set a $300.00 target price on shares of Qualcomm in a research report on Friday, May 1st. Finally, TD Cowen increased their target price on shares of Qualcomm from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $221.31.

Qualcomm Trading Down 3.1%

The company’s 50 day moving average price is $209.21 and its 200 day moving average price is $168.43. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The firm has a market cap of $181.78 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 5.30 and a beta of 1.63.

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

Hedge Funds Weigh In On Qualcomm

Several institutional investors have recently modified their holdings of QCOM. JFS Wealth Advisors LLC grew its holdings in Qualcomm by 3.4% during the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock valued at $295,000 after purchasing an additional 53 shares during the last quarter. Wall Street Financial Group Inc. lifted its stake in shares of Qualcomm by 1.9% in the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock worth $564,000 after buying an additional 57 shares during the last quarter. Sunbeam Capital Management LLC lifted its stake in shares of Qualcomm by 3.7% in the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock worth $303,000 after buying an additional 58 shares during the last quarter. Basepoint Wealth LLC boosted its holdings in shares of Qualcomm by 1.8% during the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock worth $429,000 after buying an additional 59 shares during the period. Finally, Five Oceans Advisors boosted its holdings in shares of Qualcomm by 3.3% during the 2nd quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company’s stock worth $338,000 after buying an additional 59 shares during the period. 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.