QUALCOMM (NASDAQ:QCOM) Shares Down 1.8% Following Analyst Downgrade

QUALCOMM Incorporated (NASDAQ:QCOM) shares dropped 1.8% during mid-day trading on Thursday after Daiwa America downgraded the stock from a strong-buy rating to a hold rating. The stock traded as low as $136.74 and last traded at $138.47. Approximately 12,087,323 shares changed hands during trading, an increase of 12% from the average daily volume of 10,839,146 shares. The stock had previously closed at $141.04.

Other analysts have also recently issued reports about the company. Morgan Stanley began coverage on QUALCOMM in a research report on Tuesday. They set an “underweight” rating and a $132.00 price objective on the stock. Rosenblatt Securities dropped their price objective on shares of QUALCOMM from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Argus decreased their target price on shares of QUALCOMM from $205.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Evercore dropped their price target on shares of QUALCOMM from $157.00 to $134.00 and set an “in-line” rating for the company in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. decreased their price objective on QUALCOMM from $195.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. One research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $164.67.

Insider Buying and Selling at QUALCOMM

In related news, EVP Ann C. Chaplin sold 7,180 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the completion of the sale, the executive vice president directly owned 23,944 shares of the company’s stock, valued at $4,262,750.32. This trade represents a 23.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the transaction, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. This represents a 16.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 46,217 shares of company stock worth $7,901,275 over the last 90 days. Company insiders own 0.05% of the company’s stock.

QUALCOMM News Summary

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Market technicals and some analyst optimism make the stock look oversold with upside potential — MarketBeat highlights improving RSI readings and several buy-rated price targets well above current levels. 2 Reasons Qualcomm’s Risk/Reward Is Now Red Hot
• Positive Sentiment: DZ Bank upgraded QCOM to a “strong-buy,” signaling at least some analyst conviction that the pullback is overdone. Zacks DZ Bank Upgrade
• Positive Sentiment: Coverage noting the quarter was “soft” but actually better than it looks—argues the beat and fundamentals justify a calmer view vs. the sharp sell-off. QUALCOMM’s Soft Earnings Are Actually Better Than They Appear
• Neutral Sentiment: UBS kept a Neutral rating but trimmed its price target (from $185 to $160), indicating less upside than before and moderating expectations. UBS Keeps a Neutral Rating on QUALCOMM
• Neutral Sentiment: Analyst Q&A coverage from the earnings call highlights areas investors should watch (guidance, handset exposure, visibility), useful context but not a direct buy/sell trigger. 5 revealing analyst questions from Qualcomm’s Q4 earnings call
• Negative Sentiment: Daiwa cut ratings twice this week (one note moved from strong-buy to hold; another from outperform to neutral with a $140 target), adding downward pressure and signaling fading near-term confidence. Daiwa Ratings Change (Zacks) Daiwa Securities Downgrade (Finviz)
• Negative Sentiment: Bear commentary and negative write-ups (e.g., “Bear of the Day”) are contributing to selling pressure and reinforcing short-term pessimism. Bear of the Day: Qualcomm
• Negative Sentiment: Guidance and structural concerns (limited visibility, handset exposure) remain the core reasons for volatility—these are what drove the recent sell-off despite the reported EPS beat. MarketBeat guidance context

Hedge Funds Weigh In On QUALCOMM

A number of institutional investors have recently modified their holdings of QCOM. Harbor Capital Advisors Inc. lifted its holdings in 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 buying an additional 65 shares in the last quarter. Cloud Capital Management LLC bought a new stake in shares of QUALCOMM during the third quarter worth $27,000. Richardson Financial Services Inc. boosted its holdings in QUALCOMM by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 80 shares during the last quarter. Torren Management LLC bought a new stake in QUALCOMM during the 4th quarter worth about $29,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in QUALCOMM during the 4th quarter valued at about $32,000. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Down 1.8%

The firm’s 50 day moving average price is $165.26 and its 200-day moving average price is $164.56. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The company has a market cap of $147.75 billion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 6.93 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. QUALCOMM had a net margin of 11.96% and a return on equity of 44.09%. The firm had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. During the same period last year, the firm earned $3.41 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities research analysts expect 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. Shareholders of record on Thursday, March 5th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 annualized dividend and a yield of 2.6%. QUALCOMM’s dividend payout ratio is presently 73.55%.

About QUALCOMM

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.