Qualcomm (NASDAQ:QCOM) Stock Price Down 2.2% – What’s Next?

Shares of Qualcomm Incorporated (NASDAQ:QCOM) dropped 2.2% during mid-day trading on Friday . The stock traded as low as $141.35 and last traded at $142.36. Approximately 12,415,818 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 10,598,934 shares. The stock had previously closed at $145.59.

Analyst Upgrades and Downgrades

QCOM has been the topic of several research analyst reports. Zacks Research cut Qualcomm from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. UBS Group reissued a “neutral” rating on shares of Qualcomm in a report on Monday, February 2nd. Sanford C. Bernstein reissued an “outperform” rating and issued a $200.00 target price on shares of Qualcomm in a research report on Monday, February 2nd. TD Cowen reduced their price target on shares of Qualcomm from $190.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, Morgan Stanley began coverage on shares of Qualcomm in a report on Tuesday, February 10th. They issued an “underweight” rating and a $132.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Qualcomm has a consensus rating of “Hold” and a consensus price target of $168.48.

Qualcomm Trading Down 2.2%

The stock has a 50-day moving average price of $157.05 and a two-hundred day moving average price of $163.84. The stock has a market capitalization of $151.90 billion, a PE ratio of 29.41, a PEG ratio of 7.11 and a beta of 1.22. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51.

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

Qualcomm Dividend Announcement

The firm also recently declared 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. This represents a $3.56 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, March 5th. Qualcomm’s dividend payout ratio is presently 73.55%.

Insiders Place Their Bets

In other news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares in the company, valued at $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann C. Chaplin sold 7,180 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the sale, the executive vice president owned 23,944 shares of the company’s stock, valued at $4,262,750.32. This represents a 23.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 45,704 shares of company stock valued at $7,818,708. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. waypoint wealth counsel boosted its holdings in shares of Qualcomm by 2.2% during the 3rd quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock valued at $476,000 after purchasing an additional 61 shares during the last quarter. Greykasell Wealth Strategies Inc. increased its holdings in shares of Qualcomm by 1.5% in the third quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock worth $686,000 after purchasing an additional 61 shares during the last quarter. Baron Wealth Management LLC lifted its position in shares of Qualcomm by 4.5% in the third quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock worth $238,000 after buying an additional 62 shares in the last quarter. Certified Advisory Corp boosted its stake in Qualcomm by 0.6% during the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock valued at $1,678,000 after buying an additional 62 shares during the last quarter. Finally, Elser Financial Planning Inc grew its holdings in Qualcomm by 3.7% during the 3rd quarter. Elser Financial Planning Inc now owns 1,759 shares of the wireless technology company’s stock valued at $297,000 after buying an additional 63 shares in the last quarter. 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.