QUALCOMM (NASDAQ:QCOM) Stock Price Down 1.2% – Here’s Why

QUALCOMM Incorporated (NASDAQ:QCOM) traded down 1.2% on Wednesday . The stock traded as low as $177.11 and last traded at $180.19. 9,736,497 shares changed hands during trading, an increase of 7% from the average session volume of 9,064,916 shares. The stock had previously closed at $182.45.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a research report on Monday, December 29th. Bank of America raised their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Citigroup boosted their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Finally, UBS Group increased their price target on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.94.

QUALCOMM Stock Down 1.2%

The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. The company’s 50-day moving average price is $173.19 and its 200 day moving average price is $164.98. The stock has a market capitalization of $192.98 billion, a P/E ratio of 36.85, a P/E/G ratio of 3.86 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The business had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Insider Activity

In other news, EVP Ann C. Chaplin sold 7,180 shares of QUALCOMM stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the transaction, the executive vice president owned 23,944 shares in the company, valued at approximately $4,262,750.32. The trade was a 23.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $276,592.00. Following the sale, the insider owned 19,593 shares in the company, valued at $3,387,041.91. The trade was a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 53,155 shares of company stock worth $9,267,593. 0.08% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Impact Capital Partners LLC grew its holdings in QUALCOMM by 11.2% during the 4th quarter. Impact Capital Partners LLC now owns 2,690 shares of the wireless technology company’s stock valued at $460,000 after purchasing an additional 272 shares during the last quarter. Everpar Advisors LLC boosted its position in shares of QUALCOMM by 9.3% during the fourth quarter. Everpar Advisors LLC now owns 5,907 shares of the wireless technology company’s stock valued at $1,010,000 after buying an additional 501 shares during the period. Harbor Investment Advisory LLC grew its stake in shares of QUALCOMM by 14.4% during the fourth quarter. Harbor Investment Advisory LLC now owns 8,411 shares of the wireless technology company’s stock valued at $1,439,000 after buying an additional 1,056 shares during the last quarter. CWA Asset Management Group LLC grew its stake in shares of QUALCOMM by 3.4% during the fourth quarter. CWA Asset Management Group LLC now owns 94,207 shares of the wireless technology company’s stock valued at $16,114,000 after buying an additional 3,109 shares during the last quarter. Finally, Aventura Private Wealth LLC purchased a new stake in shares of QUALCOMM in the fourth quarter worth approximately $51,000. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Company Profile

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.