QUALCOMM (NASDAQ:QCOM) Stock Price Down 1.4% - Here's Why

Key Points

• QUALCOMM's stock price fell 1.4% to $154.11, with trading volume significantly down by 74% from its average.
• The company reported earnings per share of $2.77 for its last quarter, exceeding analysts' expectations and reflecting a 10.4% year-over-year revenue increase.
• Research analysts have mixed opinions on QUALCOMM, with a consensus rating of "Hold" and a target price of $181.10.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report)'s stock price fell 1.4% on Wednesday . The stock traded as low as $153.46 and last traded at $154.11. 2,180,194 shares changed hands during trading, a decline of 74% from the average session volume of 8,380,430 shares. The stock had previously closed at $156.25.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. Evercore ISI decreased their target price on shares of QUALCOMM from $179.00 to $157.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company decreased their target price on shares of QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. UBS Group upped their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, QUALCOMM has a consensus rating of "Hold" and a consensus target price of $181.10.

QUALCOMM Stock Down 0.9%

The business's 50-day moving average price is $155.74 and its 200-day moving average price is $153.40. 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 firm has a market capitalization of $167.05 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.32 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the firm earned $2.33 earnings per share. The firm'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. As a group, equities research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Insider Buying and Selling

In other QUALCOMM news, major shareholder Inc/De Qualcomm sold 412,500 shares of QUALCOMM stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $6,600,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider directly owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 424,099 shares of company stock valued at $8,352,355 over the last ninety days. 0.08% of the stock is owned by company insiders.

Hedge Funds Weigh In On QUALCOMM

Several institutional investors and hedge funds have recently modified their holdings of the business. Banque Transatlantique SA bought a new stake in shares of QUALCOMM during the 4th quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted 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 purchasing an additional 93 shares during the period. WFA Asset Management Corp acquired a new position in QUALCOMM in the 1st quarter valued at about $27,000. Finally, Sunbeam Capital Management LLC acquired a new position in QUALCOMM in the 4th quarter valued at $29,000. 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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