Qualcomm (NASDAQ:QCOM) Trading Down 2.2% – Here’s What Happened

Qualcomm Incorporated (NASDAQ:QCOM) shares dropped 2.2% during trading on Thursday . The company traded as low as $130.61 and last traded at $131.15. Approximately 9,052,158 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 10,442,113 shares. The stock had previously closed at $134.12.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on QCOM. Wall Street Zen cut shares of Qualcomm from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. UBS Group reissued a “neutral” rating on shares of Qualcomm in a report on Monday, February 2nd. Mizuho cut their price objective on shares of Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. JPMorgan Chase & Co. decreased their price objective on shares of Qualcomm from $195.00 to $185.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada lowered their target price on shares of Qualcomm from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $168.00.

Qualcomm Trading Down 1.0%

The company’s fifty day simple moving average is $149.54 and its 200-day simple moving average is $162.34. The firm has a market capitalization of $138.52 billion, a PE ratio of 26.82, a P/E/G ratio of 6.55 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.12. The firm had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, sell-side analysts expect that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.7%. Qualcomm’s payout ratio is currently 73.55%.

Insider Transactions at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the sale, the executive vice president directly owned 35,599 shares in the company, valued at approximately $4,900,202.35. The trade was a 8.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were 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 owned 16,393 shares in the company, valued at $2,245,841. The trade was a 16.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 45,501 shares of company stock valued at $7,784,198 over the last ninety days. Company insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

Several large investors have recently bought and sold shares of QCOM. World Investment Advisors grew its position in shares of Qualcomm by 14.3% in the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock valued at $11,103,000 after purchasing an additional 8,130 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new position in Qualcomm during the fourth quarter worth approximately $145,000. Meadowbrook Advisors Group LLC acquired a new position in Qualcomm during the fourth quarter worth $410,000. DUTCH ASSET Corp purchased a new stake in Qualcomm in the 4th quarter valued at $1,563,000. Finally, Larry Mathis Financial Planning LLC acquired a new stake in shares of Qualcomm in the 4th quarter worth $702,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

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.