QUALCOMM (NASDAQ:QCOM) Shares Down 2.2% - Time to Sell?

Key Points

• QUALCOMM's share price fell 2.2% to $169.68, with a trading volume decline of 3% compared to the average, reflecting mixed sentiment among investors.
• Recent analyst ratings show a consensus of a "Moderate Buy" with a target price of $182.82, although a downgrade to "hold" was issued by Wall Street Zen.
• The company announced a quarterly dividend of $0.89 per share, representing a 2.1% dividend yield, with a payout ratio of 34.33%.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report)'s share price fell 2.2% on Thursday . The company traded as low as $167.94 and last traded at $169.68. 8,083,667 shares traded hands during trading, a decline of 3% from the average session volume of 8,316,292 shares. The stock had previously closed at $173.55.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on QCOM. Arete Research set a $200.00 price target on shares of QUALCOMM in a report on Tuesday, August 26th. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a report on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, Bank of America dropped their target price on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, QUALCOMM presently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Performance

The stock has a market capitalization of $183.08 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 2.45 and a beta of 1.21. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The stock's 50-day simple moving average is $158.04 and its 200 day simple moving average is $152.66.

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

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio is presently 34.33%.

Insider Activity at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the transaction, the chief financial officer directly owned 39,874 shares in the company, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Neil Martin sold 791 shares of the company's stock in a transaction that occurred 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 owned 1,106 shares in the company, valued at $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,100 shares of company stock valued at $2,026,291 over the last ninety days. Company insiders own 0.08% of the company's stock.

Hedge Funds Weigh In On QUALCOMM

Several large investors have recently bought and sold shares of QCOM. WFA Asset Management Corp acquired a new stake in QUALCOMM in the first quarter worth $27,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 93 shares during the period. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 70 shares during the period. Mascagni Wealth Management Inc. acquired a new stake in shares of QUALCOMM during the fourth quarter worth $30,000. Finally, Chung Wu Investment Group LLC acquired a new stake in shares of QUALCOMM during the second quarter worth $32,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

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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