Qualcomm (NASDAQ:QCOM) Shares Down 1.9% – Time to Sell?

Qualcomm Incorporated (NASDAQ:QCOM) fell 1.9% on Tuesday . The stock traded as low as $179.00 and last traded at $182.97. Approximately 15,531,083 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 17,031,117 shares. The stock had previously closed at $186.48.

Analyst Ratings Changes

QCOM has been the subject of several research reports. Roth Capital started coverage on Qualcomm in a research note on Friday, May 8th. They set a “buy” rating for the company. Guggenheim set a $200.00 target price on shares of Qualcomm in a research report on Monday, June 22nd. UBS Group increased their price target on shares of Qualcomm from $170.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Lake Street Capital downgraded Qualcomm to a “hold” rating in a research report on Thursday, June 25th. Finally, Melius Research set a $220.00 target price on Qualcomm in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Qualcomm currently has an average rating of “Hold” and an average target price of $220.45.

Qualcomm Price Performance

The company’s 50 day simple moving average is $205.65 and its 200 day simple moving average is $167.87. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $192.85 billion, a PE ratio of 19.89, a PEG ratio of 5.24 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, equities analysts anticipate that Qualcomm Incorporated will post 7.96 earnings per share for the current year.

Qualcomm declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the sale, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. This represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $197.35, for a total value of $493,375.00. Following the completion of the transaction, the executive vice president directly owned 25,684 shares in the company, valued at $5,068,737.40. This represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,721 shares of company stock valued at $3,918,290 in the last ninety days. 0.05% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Baron Wealth Management LLC purchased a new stake in Qualcomm during the second quarter worth approximately $248,000. GK Wealth Management LLC acquired a new position in shares of Qualcomm during the 2nd quarter valued at $238,000. GAMMA Investing LLC boosted its position in Qualcomm by 27.4% during the 2nd quarter. GAMMA Investing LLC now owns 28,085 shares of the wireless technology company’s stock worth $5,190,000 after purchasing an additional 6,033 shares during the period. Grant Private Wealth Management Inc increased its holdings in Qualcomm by 37.8% in the 2nd quarter. Grant Private Wealth Management Inc now owns 5,659 shares of the wireless technology company’s stock valued at $1,046,000 after purchasing an additional 1,553 shares in the last quarter. Finally, Prota Financial LLC purchased a new position in Qualcomm in the second quarter valued at about $231,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

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.