Qualcomm (NASDAQ:QCOM) Shares Down 3.2% on Insider Selling

Qualcomm Incorporated (NASDAQ:QCOM)’s share price dropped 3.2% on Tuesday following insider selling activity. The stock traded as low as $177.45 and last traded at $178.10. 12,781,957 shares were traded during trading, a decline of 24% from the average session volume of 16,838,730 shares. The stock had previously closed at $183.98.

Specifically, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total transaction of $452,025.00. Following the sale, the executive vice president owned 23,184 shares in the company, valued at approximately $4,191,899.04. The trade was a 9.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Guggenheim set a $200.00 price objective on shares of Qualcomm in a research note on Monday, June 22nd. Tigress Financial lifted their target price on Qualcomm from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Dbs Bank upgraded shares of Qualcomm to a “moderate buy” rating in a report on Tuesday, July 7th. Benchmark lifted their target price on shares of Qualcomm from $225.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Finally, Morgan Stanley upgraded Qualcomm from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $146.00 to $231.00 in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Qualcomm currently has an average rating of “Hold” and an average target price of $221.31.

Qualcomm Trading Down 0.1%

The company has a market cap of $187.59 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 5.30 and a beta of 1.63. The company’s 50 day moving average price is $209.21 and its 200 day moving average price is $168.43. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37.

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

Institutional Trading of Qualcomm

A number of institutional investors and hedge funds have recently made changes to their positions in QCOM. World Investment Advisors raised its position in Qualcomm by 14.3% in the 4th quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock valued at $11,103,000 after buying an additional 8,130 shares during the last quarter. MUFG Securities EMEA plc boosted its position in Qualcomm by 112.2% during the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock worth $7,524,000 after acquiring an additional 23,262 shares during the last quarter. Swedbank AB boosted its position in Qualcomm by 1.5% during the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock worth $262,291,000 after acquiring an additional 23,110 shares during the last quarter. NBC Securities Inc. grew its stake in shares of Qualcomm by 47.5% during the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock worth $3,197,000 after acquiring an additional 6,018 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Qualcomm by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock worth $24,578,000 after acquiring an additional 7,804 shares in the last quarter. Institutional investors and hedge funds 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.