QUALCOMM (NASDAQ:QCOM) Shares Down 2.3% - Here's What Happened

Key Points

• QUALCOMM's stock price decreased by 2.3% to $165.30, with trading volume at 7,450,691 shares, marking a 10% decline from its average volume.
• Equities analysts have updated their ratings, with Wall Street Zen lowering QUALCOMM’s rating from "buy" to "hold," while others like JPMorgan Chase raised their price target to $200.
• QUALCOMM reported strong earnings, with $2.77 earnings per share for the last quarter, exceeding estimates by $0.06, and is providing Q4 2025 guidance of 2.750-2.950 EPS.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report)'s stock price fell 2.3% on Monday . The stock traded as low as $164.76 and last traded at $165.30. 7,450,691 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 8,292,487 shares. The stock had previously closed at $169.20.

Analysts Set New Price Targets

Several equities analysts have commented on QCOM shares. Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. lifted their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Mizuho lowered their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Bank of America lowered their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Performance

The firm's 50-day moving average price is $158.67 and its two-hundred day moving average price is $152.88. The firm has a market capitalization of $178.36 billion, a PE ratio of 15.94, a P/E/G 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.

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

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were 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 was Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the sale, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction 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 trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,100 shares of company stock valued at $2,026,291. 0.08% of the stock is owned by company insiders.

Hedge Funds Weigh In On QUALCOMM

Institutional investors have recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC raised its position in shares of 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 valued at $26,000 after purchasing an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC increased its position in 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. WFA Asset Management Corp bought a new stake in QUALCOMM in the 1st quarter valued at $27,000. Chung Wu Investment Group LLC bought a new stake in QUALCOMM in the 2nd quarter valued at $32,000. Finally, Harbor Asset Planning Inc. bought a new stake in QUALCOMM in the 2nd quarter valued at $32,000. Institutional investors own 74.35% of the company's stock.

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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