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

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday. Susquehanna set a $210.00 target price on QUALCOMM in a research note on Thursday. Piper Sandler increased their price objective on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings upgraded shares of QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. Finally, Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $190.38.

QUALCOMM Trading Down 1.3%

The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The company’s 50 day moving average is $167.26 and its 200 day moving average is $157.65. The stock has a market capitalization of $184.39 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.59 and a beta of 1.26.

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

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. QUALCOMM’s payout ratio is presently 34.33%.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 8,335 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $166.06, for a total value of $1,384,110.10. Following the transaction, the chief financial officer directly owned 36,541 shares in the company, valued at $6,067,998.46. The trade was a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Patricia Y. Grech sold 273 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the completion of the transaction, the chief accounting officer directly owned 404 shares in the company, valued at $65,213.68. The trade was a 40.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 163,169 shares of company stock worth $26,978,998 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in QCOM. Kingstone Capital Partners Texas LLC lifted its position in shares of QUALCOMM by 656,661.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock worth $9,360,274,000 after purchasing an additional 58,764,593 shares in the last quarter. Norges Bank acquired a new stake in shares of QUALCOMM in the second quarter valued at approximately $2,713,603,000. Nuveen LLC bought a new position in QUALCOMM in the 1st quarter worth approximately $529,713,000. Amundi raised its position in QUALCOMM by 38.2% in the 2nd quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after purchasing an additional 3,186,524 shares during the last quarter. Finally, Viking Global Investors LP lifted its holdings in QUALCOMM by 120.1% during the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock worth $502,125,000 after buying an additional 1,720,529 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Company Profile

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.