QUALCOMM (NASDAQ:QCOM) Shares Down 1.1% - Here's Why

Key Points

• QUALCOMM (NASDAQ:QCOM) shares fell by 1.1% to $156.23, with trading volume down 86% from the average.
• Analyst ratings have varied, with Evercore ISI lowering the price target to $157, while 10 analysts maintain a "Hold" rating and 11 have a "Buy" rating.
• The company announced a quarterly dividend of $0.89 per share, with an ex-dividend date of September 4th, representing a 2.3% yield.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) shares traded down 1.1% on Monday . The company traded as low as $155.40 and last traded at $156.23. 1,128,768 shares were traded during mid-day trading, a decline of 86% from the average session volume of 8,341,828 shares. The stock had previously closed at $158.01.

Analyst Ratings Changes

QCOM has been the topic of several recent research reports. Evercore ISI reduced their target price on shares of QUALCOMM from $179.00 to $157.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Bank of America decreased their price objective on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, Seaport Res Ptn raised QUALCOMM to a "hold" rating in a research note on Friday, May 9th. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, QUALCOMM presently has a consensus rating of "Hold" and a consensus price target of $181.10.

QUALCOMM Price Performance

The company has a market cap of $168.95 billion, a PE ratio of 15.11, a PEG ratio of 2.30 and a beta of 1.23. The firm's 50-day moving average is $155.64 and its 200-day moving average is $152.93. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 annualized dividend and a yield of 2.3%. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

Insider Activity

In related news, CAO Neil Martin sold 791 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at $171,230.92. This trade represents a 41.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $148.10, for a total transaction of $493,617.30. Following the transaction, the chief financial officer directly owned 43,207 shares of the company's stock, valued at approximately $6,398,956.70. This trade represents a 7.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,390 shares of company stock worth $1,874,817. Corporate insiders own 0.08% of the company's stock.

Institutional Trading of QUALCOMM

Several hedge funds and other institutional investors have recently made changes to their positions in QCOM. Banque Transatlantique SA purchased a new position in shares of QUALCOMM in the 4th quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC raised its holdings in QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after buying an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC lifted its stake in shares of QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after buying an additional 93 shares in the last quarter. WFA Asset Management Corp purchased a new stake in shares of QUALCOMM during the first quarter valued at approximately $27,000. Finally, Sunbeam Capital Management LLC purchased a new stake in shares of QUALCOMM during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Company Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

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