QUALCOMM (NASDAQ:QCOM) Stock Price Down 1.2% - Time to Sell?

Key Points

• QUALCOMM shares fell 1.2% to $156.70 amid significantly lower trading volume, down 72% from its average daily volume.
• Analyst ratings are mixed, with Bank of America lowering its price target from $245 to $200, while others like UBS raised their target to $165, giving the stock a consensus rating of "Moderate Buy."
• The company reported strong quarterly earnings of $2.77 per share, exceeding estimates, and has set Q4 2025 earnings guidance between 2.750 and 2.950 EPS.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) shares dropped 1.2% during trading on Wednesday . The company traded as low as $156.71 and last traded at $156.70. Approximately 2,311,484 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 8,275,851 shares. The stock had previously closed at $158.66.

Analyst Ratings Changes

QCOM has been the topic of a number of analyst reports. 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. Bank of America dropped their price target on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, June 17th. JPMorgan Chase & Co. boosted their price target on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. Finally, Citigroup reissued a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Price Performance

The firm has a 50-day moving average of $156.40 and a 200-day moving average of $152.09. The firm has a market capitalization of $174.01 billion, a P/E ratio of 15.55, a PEG ratio of 2.31 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

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

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio is presently 34.33%.

Insider Transactions at QUALCOMM

In other news, CAO Neil Martin sold 791 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the transaction, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at $171,230.92. This represents a 41.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Patricia Y. Grech sold 236 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $158.36, for a total value of $37,372.96. Following the transaction, the chief accounting officer directly owned 677 shares in the company, valued at $107,209.72. The trade was a 25.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,626 shares of company stock valued at $1,948,054 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On QUALCOMM

Institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after acquiring an additional 9,343 shares during the period. Revolve Wealth Partners LLC raised its holdings in QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after acquiring an additional 340 shares during the period. Northeast Financial Consultants Inc raised its holdings in QUALCOMM by 3.8% during the fourth quarter. Northeast Financial Consultants Inc now owns 2,453 shares of the wireless technology company's stock valued at $377,000 after acquiring an additional 89 shares during the period. NorthRock Partners LLC raised its holdings in QUALCOMM by 108.7% during the fourth quarter. NorthRock Partners LLC now owns 13,481 shares of the wireless technology company's stock valued at $2,071,000 after acquiring an additional 7,021 shares during the period. Finally, Quadcap Wealth Management LLC raised its holdings in QUALCOMM by 1.5% during the fourth quarter. Quadcap Wealth Management LLC now owns 12,140 shares of the wireless technology company's stock valued at $1,865,000 after acquiring an additional 180 shares during the period. 74.35% of the stock is owned by institutional investors.

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.