QUALCOMM (NASDAQ:QCOM) Stock Price Down 2.4% – Here’s What Happened

Shares of QUALCOMM Incorporated (NASDAQ:QCOM) dropped 2.4% during mid-day trading on Tuesday . The stock traded as low as $164.97 and last traded at $165.29. Approximately 9,867,304 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 9,736,671 shares. The stock had previously closed at $169.27.

Wall Street Analyst Weigh In

Several brokerages have weighed in on QCOM. Piper Sandler lifted their price objective on QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $185.00 price target on shares of QUALCOMM in a research note on Tuesday, December 16th. Susquehanna set a $210.00 price objective on shares of QUALCOMM in a research note on Thursday, November 6th. Mizuho set a $175.00 target price on shares of QUALCOMM and gave the company a “neutral” rating in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a report on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $191.56.

QUALCOMM Price Performance

The business’s fifty day moving average price is $173.02 and its 200 day moving average price is $165.59. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10. The stock has a market cap of $177.03 billion, a P/E ratio of 33.80, a PEG ratio of 3.89 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The business had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same period in the prior year, the company earned $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 fiscal year.

Insider Buying and Selling at QUALCOMM

In other news, CAO Patricia Y. Grech sold 203 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total transaction of $34,510.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were 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 of the company’s stock, valued at $3,387,041.91. This represents a 7.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 53,155 shares of company stock worth $9,267,593 over the last three months. 0.08% of the stock is owned by corporate insiders.

Institutional Trading of QUALCOMM

Institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. increased its stake in QUALCOMM by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Cloud Capital Management LLC bought a new stake in QUALCOMM in the 3rd quarter valued at about $27,000. Chung Wu Investment Group LLC acquired a new position in QUALCOMM during the 2nd quarter worth approximately $32,000. Harbor Asset Planning Inc. bought a new position in QUALCOMM in the second quarter worth approximately $32,000. Finally, Winnow Wealth LLC acquired a new stake in QUALCOMM in the second quarter valued at approximately $32,000. 74.35% of the stock is currently owned by institutional investors.

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.