QUALCOMM (NASDAQ:QCOM) Stock Price Down 1.4% – Here’s What Happened

QUALCOMM Incorporated (NASDAQ:QCOM)’s stock price traded down 1.4% during trading on Thursday . The company traded as low as $139.90 and last traded at $141.27. 8,199,480 shares were traded during mid-day trading, a decline of 24% from the average session volume of 10,795,896 shares. The stock had previously closed at $143.24.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on QCOM shares. Piper Sandler reiterated an “overweight” rating and issued a $200.00 target price on shares of QUALCOMM in a research note on Thursday, February 5th. Cantor Fitzgerald cut their price objective on QUALCOMM from $185.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Morgan Stanley started coverage on QUALCOMM in a research note on Tuesday, February 10th. They issued an “underweight” rating and a $132.00 price objective on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $200.00 target price on shares of QUALCOMM in a research note on Monday, February 2nd. Finally, TD Cowen reduced their price target on shares of QUALCOMM from $190.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $164.67.

QUALCOMM Trading Down 1.4%

The business’s 50 day simple moving average is $161.72 and its 200-day simple moving average is $164.06. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The stock has a market capitalization of $150.74 billion, a P/E ratio of 29.19, a PEG ratio of 7.06 and a beta of 1.22.

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

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, March 5th. QUALCOMM’s payout ratio is presently 73.55%.

Insiders Place Their Bets

In related news, EVP Alexander H. Rogers sold 15,917 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the sale, the executive vice president owned 26,071 shares in the company, valued at $4,640,898.71. This represents a 37.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann C. Chaplin sold 7,180 shares of QUALCOMM stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the transaction, the executive vice president owned 23,944 shares in the company, valued at approximately $4,262,750.32. This represents a 23.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 46,217 shares of company stock worth $7,901,275 over the last ninety days. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On QUALCOMM

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of QUALCOMM in the second quarter valued at approximately $2,713,603,000. Wellington Management Group LLP boosted its position in QUALCOMM by 141.8% during the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock worth $2,069,059,000 after purchasing an additional 7,292,783 shares during the period. Geode Capital Management LLC increased its holdings in shares of QUALCOMM by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after purchasing an additional 3,221,924 shares during the last quarter. Amundi lifted its stake in shares of QUALCOMM by 38.2% during the 2nd quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after buying an additional 3,186,524 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of QUALCOMM by 28.1% during the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock worth $2,163,030,000 after buying an additional 2,771,490 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

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.