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

Qualcomm Incorporated (NASDAQ:QCOM) was down 2.2% on Wednesday. The company traded as low as $175.35 and last traded at $177.12. Approximately 7,865,659 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 15,441,766 shares. The stock had previously closed at $181.03.

Analyst Upgrades and Downgrades

QCOM has been the topic of several research reports. Oppenheimer set a $200.00 target price on Qualcomm in a research note on Monday, July 27th. Citigroup dropped their price objective on shares of Qualcomm from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. The Goldman Sachs Group set a $160.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Piper Sandler began coverage on shares of Qualcomm in a report on Wednesday, September 9th. They set a “neutral” rating and a $190.00 target price on the stock. Finally, Freedom Capital raised shares of Qualcomm from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $204.10.

Qualcomm Stock Down 1.3%

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The firm has a market cap of $185.57 billion, a PE ratio of 20.14, a P/E/G ratio of 3.98 and a beta of 1.65. The firm’s 50-day moving average price is $172.98 and its two-hundred day moving average price is $177.74.

Qualcomm (NASDAQ:QCOM) last issued 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). The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities research analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Heather 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 value of $470,528.00. Following the transaction, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano Amon sold 10,000 shares of the business’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $200.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief executive officer owned 177,568 shares in the company, valued at $35,513,600. This trade represents a 5.33% decrease in their position. 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 three months, insiders have sold 31,631 shares of company stock valued at $5,893,251. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

Several institutional investors have recently bought and sold shares of QCOM. BlackRock Inc. acquired a new position in shares of Qualcomm during the second quarter worth about $17,583,115,000. State Street Corp lifted its position in Qualcomm by 1.3% in the second quarter. State Street Corp now owns 52,763,263 shares of the wireless technology company’s stock valued at $9,750,123,000 after purchasing an additional 671,537 shares during the period. Van ECK Associates Corp boosted its holdings in Qualcomm by 22.7% in the 2nd quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock valued at $3,178,872,000 after purchasing an additional 3,179,720 shares in the last quarter. Invesco Ltd. boosted its holdings in Qualcomm by 28.1% in the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock valued at $2,163,030,000 after purchasing an additional 2,771,490 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Qualcomm by 13.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,595,307 shares of the wireless technology company’s stock worth $1,983,377,000 after purchasing an additional 1,410,312 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

About Qualcomm

Qualcomm Incorporated (NASDAQ: QCOM) is a technology company headquartered in San Diego, California, that develops wireless communications technologies, semiconductors and related software. Its products support mobile devices, connected computing, automotive systems, industrial equipment and consumer electronics.

Qualcomm’s semiconductor business operates primarily through its Qualcomm CDMA Technologies segment. Its offerings include Snapdragon platforms and systems-on-chip, cellular modems, radio-frequency components, connectivity products, and processors for smartphones, personal computers, extended-reality devices, vehicles and the Internet of Things.