QUALCOMM (NASDAQ:QCOM) Trading Down 1.8% – Should You Sell?

by · The Cerbat Gem

QUALCOMM Incorporated (NASDAQ:QCOM – Get Free Report)’s share price traded down 1.8% on Tuesday . The stock traded as low as $174.81 and last traded at $176.12. 7,026,795 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 8,740,491 shares. The stock had previously closed at $179.26.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research note on Thursday, November 6th. Cowen reiterated a “buy” rating on shares of QUALCOMM in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of QUALCOMM in a research note on Monday. Cantor Fitzgerald restated a “neutral” rating and issued a $185.00 price objective on shares of QUALCOMM in a report on Tuesday. Finally, UBS Group upped their target price on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and an average target price of $192.94.

Get Our Latest Stock Report on QUALCOMM

QUALCOMM Stock Down 1.8%

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 company has a market cap of $188.62 billion, a PE ratio of 36.02, a P/E/G ratio of 3.91 and a beta of 1.22. The business’s 50 day moving average is $170.94 and its 200-day moving average is $162.53.

QUALCOMM (NASDAQ:QCOM – Get Free Report) 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 the consensus estimate of $2.87 by $0.13. The business had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

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

Insider Activity at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction 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 transaction, the insider directly owned 19,593 shares of the company’s stock, valued at $3,387,041.91. This trade represents a 7.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the sale, the chief executive officer directly owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 164,388 shares of company stock worth $27,248,752. Corporate insiders own 0.08% of the company’s stock.

Institutional Trading of QUALCOMM

Several institutional investors and hedge funds have recently bought and sold shares of QCOM. FNY Investment Advisers LLC acquired a new position in QUALCOMM in the third quarter valued at $166,000. Hudson Bay Capital Management LP lifted its position in QUALCOMM by 2,979.9% in the third quarter. Hudson Bay Capital Management LP now owns 165,328 shares of the wireless technology company’s stock valued at $27,504,000 after purchasing an additional 159,960 shares during the period. Saranac Partners Ltd purchased a new stake in shares of QUALCOMM in the third quarter valued at approximately $5,045,000. IFP Advisors Inc grew its stake in shares of QUALCOMM by 4.5% during the 3rd quarter. IFP Advisors Inc now owns 17,377 shares of the wireless technology company’s stock worth $2,891,000 after purchasing an additional 747 shares during the period. Finally, Steadtrust LLC boosted its holdings in QUALCOMM by 2.4% during the third quarter. Steadtrust LLC now owns 10,964 shares of the wireless technology company’s stock worth $1,824,000 after buying an additional 259 shares in the last quarter. Hedge funds and other 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.

Recommended Stories