Qualcomm (NASDAQ:QCOM) Trading Down 2.2% - Here's What Happened

Key Points

• Qualcomm shares slid 2.2% intraday to a low of $130.61 (last $131.15) on volume of 9.05M shares, about 13% below its average session volume.
• The company beat the quarter with EPS of $3.50 versus $3.38 expected and revenue of $12.25B versus $12.16B, and gave Q2 FY2026 EPS guidance of $2.45–$2.65 while analysts project ~9.39 EPS for the year.
• Analyst sentiment is mixed: the MarketBeat consensus is a "Hold" with a $168 target, while individual price targets and ratings range from buys with $180–$200+ targets to holds and sells.

Qualcomm Incorporated (NASDAQ:QCOM - Get Free Report) fell 2.2% during trading on Thursday . The stock traded as low as $130.61 and last traded at $131.15. 9,052,158 shares traded hands during trading, a decline of 13% from the average session volume of 10,442,113 shares. The stock had previously closed at $134.12.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on QCOM. Piper Sandler restated an "overweight" rating and issued a $200.00 target price on shares of Qualcomm in a research note on Thursday, February 5th. Argus reduced their price target on Qualcomm from $205.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 6th. UBS Group reissued a "neutral" rating on shares of Qualcomm in a research report on Monday, February 2nd. Rosenblatt Securities dropped their target price on Qualcomm from $225.00 to $190.00 and set a "buy" rating on the stock in a research note on Thursday, February 5th. Finally, Wall Street Zen lowered Qualcomm from a "buy" rating to a "hold" rating in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Qualcomm has an average rating of "Hold" and a consensus target price of $168.00.

Qualcomm Price Performance

The stock has a 50 day moving average of $151.20 and a 200-day moving average of $162.75. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. The company has a market cap of $139.94 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 6.75 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The business had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.16 billion. During the same quarter in the previous year, the business earned $3.41 EPS. The company's quarterly revenue was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, March 5th. Qualcomm's dividend payout ratio is 73.55%.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Alexander H. Rogers sold 15,917 shares of Qualcomm stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the completion of the sale, the executive vice president directly owned 26,071 shares in the company, valued at approximately $4,640,898.71. The trade was a 37.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Akash J. Palkhiwala sold 10,000 shares of the company's stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the completion of the sale, the executive vice president directly owned 44,803 shares in the company, valued at $7,845,901.36. This trade represents a 18.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 45,501 shares of company stock valued at $7,784,198. 0.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Qualcomm

Several hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in Qualcomm by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after acquiring an additional 9,343 shares during the period. Revolve Wealth Partners LLC boosted 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 in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Qualcomm by 44.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock worth $530,000 after purchasing an additional 1,020 shares during the period. Boston Partners increased its holdings in shares of Qualcomm by 43.4% during the 2nd quarter. Boston Partners now owns 437,541 shares of the wireless technology company's stock valued at $69,622,000 after purchasing an additional 132,452 shares in the last quarter. Finally, Advyzon Investment Management LLC increased its holdings in shares of Qualcomm by 30.7% during the 2nd quarter. Advyzon Investment Management LLC now owns 2,633 shares of the wireless technology company's stock valued at $419,000 after purchasing an additional 619 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.

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