QUALCOMM (NASDAQ:QCOM) Trading Down 1.2% – Here’s What Happened

QUALCOMM Incorporated (NASDAQ:QCOM)’s stock price traded down 1.2% during trading on Thursday . The stock traded as low as $173.03 and last traded at $174.50. 9,436,349 shares changed hands during trading, an increase of 8% from the average session volume of 8,750,516 shares. The stock had previously closed at $176.67.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on QCOM shares. Wells Fargo & Company upped their price target on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. UBS Group upped their target price on QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Tuesday, August 26th. Mizuho boosted their price objective on shares of QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus target price of $190.38.

QUALCOMM Price Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The firm has a market capitalization of $186.33 billion, a PE ratio of 16.78, a P/E/G ratio of 2.59 and a beta of 1.26. The company has a 50-day moving average price of $168.95 and a 200-day moving average price of $159.00.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data 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. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same quarter last year, the business posted $2.69 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.0%. QUALCOMM’s dividend payout ratio is presently 72.80%.

Insider Activity

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the transaction, the insider directly owned 19,593 shares in the company, valued at approximately $3,387,041.91. The trade was a 7.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Neil Martin sold 791 shares of the firm’s 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 168,305 shares of company stock valued at $27,858,392 in the last 90 days. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On QUALCOMM

Several institutional investors and hedge funds have recently bought and sold shares of the stock. New England Asset Management Inc. grew its stake in shares of QUALCOMM by 0.7% during the 3rd quarter. New England Asset Management Inc. now owns 45,556 shares of the wireless technology company’s stock valued at $7,579,000 after buying an additional 295 shares during the period. Lazard Asset Management LLC raised its position in shares of QUALCOMM by 3.5% in the 3rd quarter. Lazard Asset Management LLC now owns 3,375,638 shares of the wireless technology company’s stock worth $561,571,000 after buying an additional 112,734 shares during the period. SummitTX Capital L.P. boosted its holdings in QUALCOMM by 242.0% in the third quarter. SummitTX Capital L.P. now owns 11,411 shares of the wireless technology company’s stock valued at $1,898,000 after acquiring an additional 8,074 shares during the last quarter. Imprint Wealth LLC purchased a new stake in QUALCOMM during the third quarter valued at about $176,000. Finally, TRUE Private Wealth Advisors increased its stake in QUALCOMM by 8.9% during the third quarter. TRUE Private Wealth Advisors now owns 2,725 shares of the wireless technology company’s stock worth $453,000 after acquiring an additional 222 shares during 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.