Qualcomm (NASDAQ:QCOM) Stock Price Down 1.2% – Here’s What Happened

Shares of Qualcomm Incorporated (NASDAQ:QCOM) traded down 1.2% during mid-day trading on Wednesday . The company traded as low as $126.98 and last traded at $127.28. 10,186,040 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 11,442,445 shares. The stock had previously closed at $128.78.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Robert W. Baird set a $177.00 target price on shares of Qualcomm in a report on Thursday, February 5th. JPMorgan Chase & Co. reduced their price target on Qualcomm from $195.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Mizuho lowered their price target on Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Cantor Fitzgerald dropped their price objective on Qualcomm from $185.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Finally, UBS Group reiterated a “neutral” rating on shares of Qualcomm in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm presently has an average rating of “Hold” and an average price target of $163.77.

Qualcomm Price Performance

The business’s 50 day moving average price is $139.97 and its two-hundred day moving average price is $159.81. The stock has a market cap of $135.81 billion, a P/E ratio of 26.30 and a beta of 1.25. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.16 billion. During the same period in the prior year, the firm earned $3.41 earnings per share. Qualcomm’s revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, sell-side analysts expect that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were given a $0.89 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.8%. Qualcomm’s dividend payout ratio is currently 73.55%.

Qualcomm declared that its board has initiated a share repurchase program on Tuesday, March 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the wireless technology company to reacquire up to 14.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares of the company’s stock, valued at $2,245,841. This represents a 16.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the transaction, the executive vice president owned 35,599 shares of the company’s stock, valued at approximately $4,900,202.35. The trade was a 8.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 9,866 shares of company stock worth $1,474,796. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

Several large investors have recently made changes to their positions in the business. waypoint wealth counsel raised its stake in Qualcomm by 2.2% during the third quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock valued at $476,000 after buying an additional 61 shares during the last quarter. Greykasell Wealth Strategies Inc. raised its position in shares of Qualcomm by 1.5% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock worth $686,000 after purchasing an additional 61 shares during the last quarter. Baron Wealth Management LLC raised its position in shares of Qualcomm by 4.5% in the 3rd quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock worth $238,000 after purchasing an additional 62 shares during the last quarter. Certified Advisory Corp boosted its stake in Qualcomm by 0.6% in the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after purchasing an additional 62 shares in the last quarter. Finally, Elser Financial Planning Inc grew its position in Qualcomm by 3.7% during the 3rd quarter. Elser Financial Planning Inc now owns 1,759 shares of the wireless technology company’s stock valued at $297,000 after purchasing an additional 63 shares during the last quarter. 74.35% of the stock is currently 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.