Qualcomm Incorporated (NASDAQ:QCOM – Get Free Report) shares fell 3.2% on Wednesday . The stock traded as low as $157.10 and last traded at $157.53. Approximately 9,666,740 shares changed hands during trading, a decline of 41% from the average daily volume of 16,506,037 shares. The stock had previously closed at $162.67.
Analyst Ratings Changes
Several research firms have commented on QCOM. Craig Hallum downgraded shares of Qualcomm from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Guggenheim set a $200.00 target price on Qualcomm in a report on Monday, June 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a research note on Wednesday, June 24th. Melius Research set a $220.00 price target on Qualcomm in a report on Monday, May 18th. Finally, The Goldman Sachs Group set a $160.00 price target on Qualcomm in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and a consensus price target of $203.63.
Check Out Our Latest Analysis on Qualcomm
Qualcomm Stock Up 4.7%
Qualcomm (NASDAQ:QCOM – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period in the prior year, the company posted $2.77 earnings per share. The company’s revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities research analysts anticipate that Qualcomm Incorporated will post 7.78 EPS for the current fiscal year.
Qualcomm Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. Qualcomm’s dividend payout ratio (DPR) is presently 42.59%.
Insider Transactions at Qualcomm
In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction of $452,025.00. Following the completion of the sale, the executive vice president directly owned 23,184 shares of the company’s stock, valued at approximately $4,191,899.04. This trade represents a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 11,529 shares of company stock worth $2,112,945. 0.05% of the stock is currently owned by insiders.
Institutional Trading of Qualcomm
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Qualcomm in the 2nd quarter valued at about $17,583,115,000. Occidental Asset Management LLC acquired a new position in Qualcomm during the second quarter worth approximately $7,251,000. Dunhill Financial LLC acquired a new position in Qualcomm during the second quarter worth approximately $842,000. Pallas Capital Advisors LLC purchased a new stake in Qualcomm in the second quarter valued at approximately $810,000. Finally, Performance Wealth Partners LLC purchased a new stake in Qualcomm in the second quarter valued at approximately $640,000. Institutional investors and hedge funds 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.
Featured Stories
- Five stocks we like better than Qualcomm
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Receive News & Ratings for Qualcomm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualcomm and related companies with MarketBeat.com's FREE daily email newsletter.
