Qualcomm (NASDAQ:QCOM) Trading Down 1.2% – Time to Sell?

Qualcomm Incorporated (NASDAQ:QCOM)’s share price fell 1.2% during mid-day trading on Wednesday . The stock traded as low as $126.98 and last traded at $127.28. 10,186,040 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 11,442,445 shares. The stock had previously closed at $128.78.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on QCOM. The Goldman Sachs Group began coverage on shares of Qualcomm in a research note on Monday. They issued a “neutral” rating and a $135.00 target price on the stock. Susquehanna downgraded shares of Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 price target for the company. in a research report on Thursday, February 5th. Rosenblatt Securities decreased their price objective on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Royal Bank Of Canada cut their target price on Qualcomm from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $163.77.

Qualcomm Stock Performance

The business’s fifty day moving average price is $139.97 and its 200-day moving average price is $159.81. The stock has a market cap of $135.81 billion, a PE ratio of 26.30 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.12. The firm had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities research analysts forecast that Qualcomm Incorporated will post 9.39 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were paid a dividend of $0.89 per share. The ex-dividend date was Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a yield of 2.8%. Qualcomm’s payout ratio is currently 73.55%.

Qualcomm declared that its board has authorized a stock repurchase plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, EVP Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $137.65, for a total value of $458,787.45. Following the transaction, the executive vice president directly owned 35,599 shares in the company, valued at $4,900,202.35. This trade represents a 8.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the sale, the executive vice president owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 9,866 shares of company stock worth $1,474,796. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

Several institutional investors have recently made changes to their positions in the business. Westerkirk Capital Inc. purchased a new stake in Qualcomm in the 2nd quarter worth $4,539,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Qualcomm in the second quarter valued at about $3,896,000. Inscription Capital LLC boosted its stake in shares of Qualcomm by 58.1% in the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock worth $2,172,000 after acquiring an additional 4,799 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Qualcomm by 1.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company’s stock worth $167,082,000 after acquiring an additional 16,738 shares during the period. Finally, Simplify Asset Management Inc. purchased a new stake in shares of Qualcomm during the third quarter worth about $725,000. Institutional investors own 74.35% of the company’s stock.

Qualcomm Company Profile

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.