QUALCOMM (NASDAQ:QCOM) Stock Price Down 1.3% – What’s Next?

QUALCOMM Incorporated (NASDAQ:QCOM) shares traded down 1.3% during trading on Friday . The stock traded as low as $168.25 and last traded at $170.89. 10,585,114 shares were traded during mid-day trading, an increase of 21% from the average session volume of 8,755,763 shares. The stock had previously closed at $173.20.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday. Citigroup upped their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Piper Sandler increased their target price on shares of QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group raised their target price on shares of QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.38.

QUALCOMM Trading Down 1.3%

The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The firm’s 50-day simple moving average is $167.46 and its 200 day simple moving average is $158.02. The stock has a market capitalization of $183.02 billion, a P/E ratio of 16.48, a PEG ratio of 2.59 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM) last released 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. The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s payout ratio is presently 72.80%.

Insider Buying and Selling

In related news, CAO Neil Martin sold 791 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the transaction, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This trade represents a 41.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Patricia Y. Grech sold 201 shares of QUALCOMM 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 transaction, the chief accounting officer directly owned 203 shares in the company, valued at $34,510. This represents a 49.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 163,169 shares of company stock valued at $26,978,998 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

Institutional Trading of QUALCOMM

Large investors have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC lifted its stake in QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 93 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of QUALCOMM by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 65 shares during the period. Cloud Capital Management LLC acquired a new position in QUALCOMM in the 3rd quarter valued at approximately $27,000. Chung Wu Investment Group LLC acquired a new position in QUALCOMM in the 2nd quarter valued at approximately $32,000. Finally, Harbor Asset Planning Inc. acquired a new stake in shares of QUALCOMM during the 2nd quarter valued at $32,000. 74.35% of the stock is owned by institutional investors and hedge funds.

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.