QUALCOMM (NASDAQ:QCOM) Trading Down 1.9% - Should You Sell?

Key Points

• Qualcomm's shares fell by 1.9% to $165.46 during mid-day trading, with a volume decrease of 15% compared to its average daily volume.
• Analysts have a consensus rating of "Moderate Buy" for Qualcomm, with an average target price of $182.82, reflecting a range of ratings from "Strong Buy" to "Sell" among various research firms.
• Following recent transactions, insiders sold significant shares of Qualcomm, including CEO Cristiano R. Amon, who sold 150,000 shares at an average price of $165.56.

Shares of QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) were down 1.9% during mid-day trading on Tuesday . The company traded as low as $165.14 and last traded at $165.46. Approximately 6,997,850 shares were traded during trading, a decline of 15% from the average daily volume of 8,229,958 shares. The stock had previously closed at $168.62.

Wall Street Analyst Weigh In

Several research firms recently weighed in on QCOM. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. Mizuho cut their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Arete Research set a $200.00 price objective on shares of QUALCOMM in a research note on Tuesday, August 26th. Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, UBS Group increased their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, QUALCOMM has a consensus rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Trading Down 1.9%

The business has a 50 day simple moving average of $159.66 and a two-hundred day simple moving average of $153.30. 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 company has a market cap of $178.53 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 2.47 and a beta of 1.23.

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

Insider Activity at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. This represents a 7.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. The trade was a 50.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 159,767 shares of company stock worth $26,322,745. 0.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QUALCOMM

Several large investors have recently made changes to their positions in the business. Insight Advisors LLC PA grew its position in QUALCOMM by 1.8% in the second quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company's stock valued at $556,000 after acquiring an additional 63 shares in the last quarter. Avion Wealth grew its holdings in QUALCOMM by 16.7% during the 2nd quarter. Avion Wealth now owns 441 shares of the wireless technology company's stock valued at $70,000 after purchasing an additional 63 shares in the last quarter. Capital Advantage Inc. lifted its holdings in QUALCOMM by 2.8% in the 2nd quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company's stock worth $375,000 after buying an additional 64 shares in the last quarter. Rise Advisors LLC boosted its position in QUALCOMM by 6.7% in the 1st quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock valued at $161,000 after buying an additional 66 shares during the last quarter. Finally, Bell Investment Advisors Inc grew its stake in shares of QUALCOMM by 4.6% during the first quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock valued at $231,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds 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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