QUALCOMM (NASDAQ:QCOM) Stock Price Down 1.1% - Here's What Happened

Key Points

• Shares fell 1.1% to $163.30 on Tuesday with trading volume about 12% below average; analysts maintain a Moderate Buy consensus with an average target of $190.38 and individual targets as high as $225 after recent upgrades.
• QUALCOMM beat quarterly estimates (EPS $3.00 vs. $2.87 expected; revenue $11.27B vs. $10.74B) and set Q1 2026 guidance of $3.30–$3.50 EPS, and it declared a $0.89 quarterly dividend (2.2% yield), ex-dividend Dec. 4.
• Insiders have sold 168,027 shares over the last 90 days, leaving insider ownership at 0.08%, while institutional investors own about 74.35% of the stock.

Shares of QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) dropped 1.1% during trading on Tuesday . The stock traded as low as $161.87 and last traded at $163.30. Approximately 7,744,349 shares changed hands during trading, a decline of 12% from the average daily volume of 8,807,604 shares. The stock had previously closed at $165.06.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on QCOM shares. TD Cowen lifted their target price on QUALCOMM from $185.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, November 6th. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. Arete Research set a $200.00 price objective on shares of QUALCOMM in a report on Tuesday, August 26th. Wall Street Zen downgraded QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $190.38.

QUALCOMM Stock Down 1.1%

The company has a market capitalization of $174.89 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The firm's fifty day moving average is $169.42 and its 200-day moving average is $160.08.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.87 by $0.13. The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm's revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, equities research 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, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $0.89 per share. The ex-dividend date is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.2%. QUALCOMM's payout ratio is 72.80%.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 8,335 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the completion of the transaction, the chief financial officer owned 36,541 shares in the company, valued at approximately $6,067,998.46. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $276,592.00. Following the transaction, the insider directly owned 19,593 shares of the company's stock, valued at approximately $3,387,041.91. This trade represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 168,027 shares of company stock worth $27,818,497 over the last 90 days. Company insiders own 0.08% of the company's stock.

Institutional Trading of QUALCOMM

Several institutional investors and hedge funds have recently made changes to their positions in QCOM. Brighton Jones LLC lifted its position 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 buying an additional 9,343 shares during the period. Revolve Wealth Partners LLC grew its position in QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after purchasing an additional 340 shares during the period. Inspire Advisors LLC purchased a new stake in QUALCOMM during the first quarter valued at $700,000. LPL Financial LLC grew its position in QUALCOMM by 11.6% during the first quarter. LPL Financial LLC now owns 1,536,036 shares of the wireless technology company's stock valued at $235,950,000 after buying an additional 160,060 shares during the period. Finally, Carrera Capital Advisors bought a new stake in shares of QUALCOMM during the 1st quarter valued at $224,000. 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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