Qualcomm (NASDAQ:QCOM) Stock Price Down 1.2% – Should You Sell?

Qualcomm Incorporated (NASDAQ:QCOM)’s share price fell 1.2% during trading on Monday . The company traded as low as $127.41 and last traded at $128.35. 11,144,511 shares changed hands during trading, a decline of 4% from the average session volume of 11,622,399 shares. The stock had previously closed at $129.90.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Bank of America assumed coverage on Qualcomm in a research report on Tuesday, March 10th. They set an “underperform” rating and a $145.00 target price for the company. Mizuho dropped their price target on Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Rosenblatt Securities cut their price objective on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $200.00 price objective on shares of Qualcomm in a research note on Monday, February 2nd. Finally, Morgan Stanley started coverage on shares of Qualcomm in a research report on Tuesday, February 10th. They issued an “underweight” rating and a $132.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $168.00.

Qualcomm Trading Down 1.2%

The firm has a 50-day moving average of $144.62 and a two-hundred day moving average of $161.36. The firm has a market capitalization of $136.95 billion, a P/E ratio of 26.52 and a beta of 1.25. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64.

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

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a $0.89 dividend. The ex-dividend date is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a yield of 2.8%. Qualcomm’s dividend payout ratio (DPR) is currently 73.55%.

Qualcomm declared that its Board of Directors has approved a share buyback plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the company’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 completion of the transaction, the executive vice president owned 16,393 shares of the company’s stock, valued at $2,245,841. This represents a 16.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $137.65, for a total value of $458,787.45. Following the completion of the transaction, the executive vice president owned 35,599 shares of the company’s stock, valued at $4,900,202.35. This represents a 8.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,866 shares of company stock worth $1,474,796 in the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Qualcomm

A number of institutional investors have recently added to or reduced their stakes in the business. Cornerstone Planning LLC acquired a new position in shares of Qualcomm in the 4th quarter valued at about $3,145,000. World Investment Advisors grew its stake in Qualcomm by 14.3% during the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock worth $11,103,000 after purchasing an additional 8,130 shares during the period. Nalls Sherbakoff Group LLC bought a new stake in Qualcomm in the fourth quarter worth approximately $145,000. Meadowbrook Advisors Group LLC acquired a new position in Qualcomm in the fourth quarter valued at approximately $410,000. Finally, DUTCH ASSET Corp acquired a new position in Qualcomm in the fourth quarter valued at approximately $1,563,000. 74.35% of the stock is owned by institutional investors.

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.