QUALCOMM (NASDAQ:QCOM) Stock Price Down 1% – Here’s Why

by · The Cerbat Gem

QUALCOMM Incorporated (NASDAQ:QCOM – Get Free Report)’s stock price dropped 1% on Tuesday . The company traded as low as $161.39 and last traded at $165.06. Approximately 11,032,292 shares traded hands during trading, an increase of 26% from the average daily volume of 8,777,429 shares. The stock had previously closed at $166.75.

Wall Street Analysts Forecast Growth

QCOM has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. UBS Group lifted their price objective on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Citigroup upped their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Arete Research set a $200.00 price objective on shares of QUALCOMM in a research note on Tuesday, August 26th. Finally, Susquehanna set a $210.00 price objective on QUALCOMM in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, QUALCOMM has an average rating of “Moderate Buy” and a consensus target price of $190.38.

Read Our Latest Stock Report on QUALCOMM

QUALCOMM Price Performance

The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The firm has a market cap of $176.78 billion, a PE ratio of 15.92, a PEG ratio of 2.59 and a beta of 1.26. The business has a fifty day moving average of $169.08 and a 200-day moving average of $159.30.

QUALCOMM (NASDAQ:QCOM – Get Free Report) last posted its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.74 billion. During the same period in the prior year, the company posted $2.69 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business 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. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Friday, November 7th. The stock was sold at an average price of $172.87, for a total transaction of $276,592.00. Following the completion of the transaction, the insider 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 168,305 shares of company stock worth $27,858,392. Company insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On QUALCOMM

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC raised its stake in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 93 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of QUALCOMM by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 65 shares during the period. Cloud Capital Management LLC purchased a new position in shares of QUALCOMM in the 3rd quarter valued at approximately $27,000. Chung Wu Investment Group LLC bought a new stake in shares of QUALCOMM during the second quarter valued at approximately $32,000. Finally, Harbor Asset Planning Inc. bought a new stake in shares of QUALCOMM during the second quarter valued at approximately $32,000. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Company Profile

(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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