Qualcomm (NASDAQ:QCOM) Shares Down 3.2% – Time to Sell?

Shares of Qualcomm Incorporated (NASDAQ:QCOM) dropped 3.2% during mid-day trading on Wednesday . The company traded as low as $157.10 and last traded at $157.53. Approximately 9,666,740 shares changed hands during trading, a decline of 41% from the average daily volume of 16,506,037 shares. The stock had previously closed at $162.67.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Monness Crespi & Hardt upgraded shares of Qualcomm to a “buy” rating in a report on Thursday, June 25th. Mizuho upped their price target on Qualcomm from $170.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Lake Street Capital lowered Qualcomm to a “hold” rating in a report on Thursday, June 25th. Royal Bank Of Canada lowered their price objective on Qualcomm from $250.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. Finally, Melius Research set a $220.00 target price on Qualcomm in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $203.63.

Qualcomm Stock Down 3.2%

The stock has a market capitalization of $165.44 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 13.64 and a beta of 1.65. The firm has a 50 day simple moving average of $194.76 and a 200-day simple moving average of $167.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts forecast that Qualcomm Incorporated will post 7.94 EPS for the current fiscal year.

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio is presently 42.59%.

Insiders Place Their Bets

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a document filed with the SEC, which can be accessed 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 business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the sale, the executive vice president owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 11,529 shares of company stock valued at $2,112,945. 0.05% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC grew its position in shares of Qualcomm by 3.4% during 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 period. Wall Street Financial Group Inc. lifted its holdings in 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 valued at $564,000 after buying an additional 57 shares during the period. Sunbeam Capital Management LLC boosted its stake in Qualcomm by 3.7% in the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock valued at $303,000 after acquiring an additional 58 shares during the last quarter. Basepoint Wealth LLC boosted its stake in Qualcomm by 1.8% in the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after acquiring an additional 59 shares during the last quarter. Finally, Five Oceans Advisors grew its holdings in 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 acquiring an additional 59 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

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.