QUALCOMM (NASDAQ:QCOM) Shares Down 1.6% – What’s Next?

by · The Cerbat Gem

QUALCOMM Incorporated (NASDAQ:QCOM – Get Free Report) shares were down 1.6% on Friday . The company traded as low as $177.87 and last traded at $178.29. Approximately 8,591,409 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 8,740,882 shares. The stock had previously closed at $181.27.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Bank of America boosted their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, November 6th. Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a report on Thursday, November 6th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, QUALCOMM currently has a consensus rating of “Moderate Buy” and an average target price of $191.00.

Read Our Latest Research Report on QUALCOMM

QUALCOMM Stock Performance

The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70. The firm has a market cap of $190.95 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 3.99 and a beta of 1.22. The business has a 50 day simple moving average of $170.54 and a two-hundred day simple moving average of $161.89.

QUALCOMM (NASDAQ:QCOM – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share 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 the consensus estimate of $10.74 billion. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.0%. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.

Insider Activity

In other news, CAO Patricia Y. Grech sold 203 shares of QUALCOMM stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $170.00, for a total value of $34,510.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at $24,718,770.24. This represents a 50.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 164,388 shares of company stock valued at $27,248,752 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Institutional Trading of QUALCOMM

Several institutional investors and hedge funds have recently bought and sold shares of QCOM. Guinness Asset Management LTD increased its stake in shares of QUALCOMM by 11.6% during the second quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock valued at $8,824,000 after acquiring an additional 5,779 shares during the period. CORDA Investment Management LLC. raised its holdings in shares of QUALCOMM by 18.6% during the second quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after acquiring an additional 3,524 shares during the period. Westerkirk Capital Inc. acquired a new stake in shares of QUALCOMM in the second quarter worth $4,539,000. Great Lakes Retirement Inc. grew its stake in QUALCOMM by 8.0% during the 2nd quarter. Great Lakes Retirement Inc. now owns 21,687 shares of the wireless technology company’s stock valued at $3,454,000 after acquiring an additional 1,610 shares in the last quarter. Finally, Greatmark Investment Partners Inc. lifted its position in QUALCOMM by 3.1% in the 2nd quarter. Greatmark Investment Partners Inc. now owns 174,945 shares of the wireless technology company’s stock worth $27,862,000 after buying an additional 5,240 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

About QUALCOMM

(Get Free Report)

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.

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