QUALCOMM (NASDAQ:QCOM) Stock Price Down 1.2% – Here’s What Happened

QUALCOMM Incorporated (NASDAQ:QCOM) shares were down 1.2% during mid-day trading on Wednesday . The company traded as low as $177.11 and last traded at $180.19. Approximately 9,736,497 shares traded hands during trading, an increase of 7% from the average daily volume of 9,064,916 shares. The stock had previously closed at $182.45.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. UBS Group lifted their target price on QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Susquehanna set a $210.00 price objective on shares of QUALCOMM in a report on Thursday, November 6th. JPMorgan Chase & Co. boosted their price objective on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $185.00 target price on shares of QUALCOMM in a research report on Tuesday, December 16th. Finally, TD Cowen lifted their price target on shares of QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.94.

QUALCOMM Trading Down 1.2%

The company has a 50-day moving average price of $173.19 and a 200 day moving average price of $164.98. The stock has a market capitalization of $192.98 billion, a P/E ratio of 36.85, a price-to-earnings-growth ratio of 3.86 and a beta of 1.21. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results 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. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The business had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. During the same period last year, the business earned $2.69 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other QUALCOMM news, EVP Ann C. Chaplin sold 7,180 shares of the firm’s 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 completion of the sale, the executive vice president owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. This trade represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the transaction, the executive vice president owned 26,071 shares in the company, valued at approximately $4,640,898.71. This trade represents a 37.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 53,155 shares of company stock valued at $9,267,593 in the last 90 days. 0.08% of the stock is owned by insiders.

Institutional Investors Weigh In On QUALCOMM

Several hedge funds have recently added to or reduced their stakes in QCOM. Harbor Capital Advisors Inc. grew its holdings in QUALCOMM by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 65 shares during the period. Cloud Capital Management LLC purchased a new stake in QUALCOMM during the third quarter worth $27,000. Chung Wu Investment Group LLC purchased a new position in QUALCOMM in the second quarter valued at $32,000. Harbor Asset Planning Inc. acquired a new position in shares of QUALCOMM in the second quarter worth about $32,000. Finally, Winnow Wealth LLC purchased a new stake in shares of QUALCOMM during the 2nd quarter worth about $32,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

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.