QUALCOMM (NASDAQ:QCOM) Shares Down 1.3% - Here's Why

Key Points

• QUALCOMM's shares fell 1.3% during trading, reaching a low of $163.23 and closing at $165.66.
• Analyst ratings vary, with the consensus target price at $182.82, while Mizuho and Sanford C. Bernstein have set price targets of $185.00 and $185.00 respectively.
• CEO Cristiano R. Amon sold 150,000 shares at an average price of $165.56, reducing his stake by over 50%.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) fell 1.3% during trading on Thursday . The company traded as low as $163.23 and last traded at $165.66. 6,900,017 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 8,207,775 shares. The stock had previously closed at $167.77.

Analyst Upgrades and Downgrades

A number of research firms recently commented on QCOM. Mizuho lowered their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. UBS Group lifted their price objective on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. lifted their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, July 31st. Finally, Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, QUALCOMM has an average rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Trading Down 1.3%

The stock has a market cap of $178.75 billion, a P/E ratio of 15.97, a P/E/G ratio of 2.45 and a beta of 1.23. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $160.28 and a two-hundred day moving average price of $153.52.

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

Insider Activity at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the sale, the chief executive officer directly owned 149,304 shares in the company, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, the insider owned 21,193 shares of the company's stock, valued at $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,767 shares of company stock worth $26,322,745 over the last quarter. 0.08% of the stock is owned by insiders.

Institutional Investors Weigh In On QUALCOMM

A number of hedge funds have recently made changes to their positions in the stock. Avion Wealth lifted its stake in shares of QUALCOMM by 16.7% during the 2nd quarter. Avion Wealth now owns 441 shares of the wireless technology company's stock worth $70,000 after purchasing an additional 63 shares during the last quarter. Insight Advisors LLC PA increased its position in QUALCOMM by 1.8% during the 2nd quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company's stock valued at $556,000 after buying an additional 63 shares in the last quarter. Capital Advantage Inc. increased its position in QUALCOMM by 2.8% during the 2nd quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company's stock valued at $375,000 after buying an additional 64 shares in the last quarter. Rise Advisors LLC increased its position in QUALCOMM by 6.7% during the 1st quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock valued at $161,000 after buying an additional 66 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its position in QUALCOMM by 4.6% during the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock valued at $231,000 after buying an additional 66 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

About QUALCOMM

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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