QUALCOMM (NASDAQ:QCOM) Stock Price Down 3.2% - What's Next?

Key Points

• QUALCOMM's stock price fell by 3.2%, trading as low as $154.60, with a significant drop in trading volume of 72% from its average.
• Several analysts have modified their ratings and price targets, with Bank of America reducing its target from $245 to $200 while maintaining a "buy" rating.
• QUALCOMM declared a quarterly dividend of $0.89, set to be paid on September 25th, representing an annual yield of 2.3% and a payout ratio of 34.33%.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) shares dropped 3.2% on Tuesday . The company traded as low as $154.60 and last traded at $155.61. Approximately 2,348,355 shares changed hands during trading, a decline of 72% from the average daily volume of 8,317,706 shares. The stock had previously closed at $160.73.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on QCOM. Bank of America dropped their price target on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, June 17th. UBS Group lifted their target price on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Seaport Res Ptn upgraded QUALCOMM to a "hold" rating in a research report on Friday, May 9th. Finally, Piper Sandler reduced their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report 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, QUALCOMM currently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Stock Down 2.2%

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 stock's 50-day moving average is $156.33 and its 200-day moving average is $152.45. The company has a market cap of $169.58 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 2.34 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 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 analysts' expectations of $10.33 billion. During the same period last year, the company posted $2.33 earnings per share. The business's quarterly revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be issued a $0.89 dividend. The ex-dividend date is Thursday, September 4th. This represents a $3.56 annualized dividend and a yield of 2.3%. QUALCOMM's dividend payout ratio is presently 34.33%.

Insider Transactions at QUALCOMM

In related news, CAO Patricia Y. Grech sold 236 shares of QUALCOMM stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $158.36, for a total value of $37,372.96. Following the completion of the sale, the chief accounting officer owned 677 shares of the company's stock, valued at approximately $107,209.72. This trade represents a 25.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Neil Martin sold 791 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,293 shares of company stock worth $1,425,239. 0.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On QUALCOMM

A number of institutional investors and hedge funds have recently made changes to their positions in QCOM. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of QUALCOMM by 565.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock valued at $19,098,000 after purchasing an additional 105,631 shares in the last quarter. PFG Advisors lifted its stake in QUALCOMM by 8.0% during the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock valued at $663,000 after acquiring an additional 321 shares in the last quarter. Teza Capital Management LLC purchased a new position in QUALCOMM during the 4th quarter worth $1,541,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of QUALCOMM by 3.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock worth $28,979,000 after acquiring an additional 6,017 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of QUALCOMM by 12.3% in the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock valued at $203,904,000 after purchasing an additional 145,509 shares during the last quarter. Institutional investors and hedge funds 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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