QUALCOMM (NASDAQ:QCOM) Trading Down 3.6% – What’s Next?

QUALCOMM Incorporated (NASDAQ:QCOM) fell 3.6% during trading on Thursday . The company traded as low as $170.06 and last traded at $173.20. 16,063,736 shares traded hands during mid-day trading, an increase of 84% from the average session volume of 8,746,325 shares. The stock had previously closed at $179.72.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Mizuho upped their target price on QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday. Citigroup lifted their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. UBS Group lifted their price objective on QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Weiss Ratings raised QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.38.

QUALCOMM Price Performance

The firm has a market capitalization of $183.02 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. The business has a 50-day moving average of $167.46 and a 200 day moving average of $157.89. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.87 by $0.13. The firm had revenue of $11.27 billion during the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.1%. QUALCOMM’s payout ratio is currently 72.80%.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the sale, the chief accounting officer owned 1,106 shares of the company’s stock, valued at approximately $171,230.92. This represents a 41.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the sale, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. This trade represents a 50.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 163,169 shares of company stock worth $26,978,998. Company insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On QUALCOMM

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after acquiring an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after buying an additional 340 shares during the period. Moloney Securities Asset Management LLC increased its stake in shares of QUALCOMM by 3.9% in the 1st quarter. Moloney Securities Asset Management LLC now owns 2,479 shares of the wireless technology company’s stock worth $381,000 after acquiring an additional 94 shares in the last quarter. Alps Advisors Inc. grew its holdings in QUALCOMM by 0.7% in the first quarter. Alps Advisors Inc. now owns 39,725 shares of the wireless technology company’s stock worth $6,102,000 after purchasing an additional 259 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of QUALCOMM by 12.1% during the first quarter. Cerity Partners LLC now owns 584,334 shares of the wireless technology company’s stock valued at $89,760,000 after purchasing an additional 62,968 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

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.