QUALCOMM (NASDAQ:QCOM) Stock Price Down 7.3% - Time to Sell?

Key Points

• QUALCOMM's stock price fell by 7.3%, closing at $153.64, following increased trading volume of 15,465,782 shares, significantly higher than its average volume of 8,256,188 shares.
• A number of equities analysts have revised their price targets for QUALCOMM, with several setting a target of $200.00 while maintaining an overall rating of "Moderate Buy" with an average price target of $182.82.
• The company reported quarterly earnings of $2.77 per share, exceeding the consensus estimate, and saw a 10.4% year-over-year revenue increase, with a revenue of $10.37 billion for the quarter.

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report)'s share price traded down 7.3% on Friday . The company traded as low as $153.35 and last traded at $153.64. 15,465,782 shares changed hands during trading, an increase of 87% from the average session volume of 8,256,188 shares. The stock had previously closed at $165.66.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Arete upgraded QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective on the stock in a research note on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. Arete Research set a $200.00 price objective on QUALCOMM in a research note on Tuesday, August 26th. Finally, Bank of America reduced their target price on 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 assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, QUALCOMM presently has an average rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Stock Down 7.3%

The firm has a 50 day simple moving average of $160.28 and a 200-day simple moving average of $153.52. 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 has a market cap of $165.77 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.06. The company 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 was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

Insider Buying and Selling at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the sale, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This represents a 41.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the sale, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock worth $26,322,745 over the last three months. 0.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QUALCOMM

A number of hedge funds have recently modified their holdings of QCOM. Atlantic Edge Private Wealth Management LLC raised its stake in QUALCOMM by 70.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC grew its holdings in QUALCOMM by 122.4% in the 1st 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 last quarter. Chung Wu Investment Group LLC bought a new stake in shares of QUALCOMM in the second quarter worth about $32,000. Harbor Asset Planning Inc. bought a new stake in QUALCOMM in the second quarter valued at $32,000. Finally, Winnow Wealth LLC bought a new stake in shares of QUALCOMM during the second quarter valued at approximately $32,000. 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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