QUALCOMM (NASDAQ:QCOM) Shares Down 1.1% – Here’s Why

QUALCOMM Incorporated (NASDAQ:QCOM) shares traded down 1.1% during mid-day trading on Tuesday . The company traded as low as $161.87 and last traded at $163.30. 7,744,349 shares changed hands during trading, a decline of 12% from the average session volume of 8,807,604 shares. The stock had previously closed at $165.06.

Wall Street Analyst Weigh In

QCOM has been the topic of several recent research reports. Mizuho upped their price objective on QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an “outperform” rating in a research report on Monday, July 28th. Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Tuesday, August 26th. Finally, Arete Research set a $200.00 price objective on QUALCOMM in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $190.38.

QUALCOMM Stock Performance

The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average is $169.42 and its 200 day moving average is $160.08. The company has a market cap of $174.89 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal 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 given a dividend of $0.89 per share. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.

Insider Transactions at QUALCOMM

In other news, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the transaction, the insider directly owned 19,593 shares of the company’s stock, valued at approximately $3,387,041.91. This represents a 7.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 168,027 shares of company stock worth $27,818,497 in the last ninety days. 0.08% of the stock is owned by company insiders.

Institutional Trading of QUALCOMM

Hedge funds and other institutional investors have recently made changes to their positions in the company. Guinness Asset Management LTD boosted its position in QUALCOMM by 11.6% in the 2nd quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock valued at $8,824,000 after buying an additional 5,779 shares during the last quarter. CORDA Investment Management LLC. increased its holdings in shares of QUALCOMM by 18.6% in the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after acquiring an additional 3,524 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of QUALCOMM by 12.3% during the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company’s stock worth $203,904,000 after purchasing an additional 145,509 shares during the period. Manchester Capital Management LLC raised its stake in QUALCOMM by 0.5% during the first quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company’s stock worth $3,713,000 after acquiring an additional 129 shares during the period. Finally, Great Lakes Retirement Inc. lifted its holdings in shares of QUALCOMM by 8.0% in the 2nd quarter. Great Lakes Retirement Inc. now owns 21,687 shares of the wireless technology company’s stock worth $3,454,000 after purchasing an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Company Profile

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.