Qualcomm (NASDAQ:QCOM) Stock Price Down 1.8% – Time to Sell?

by · The Markets Daily

Qualcomm Incorporated (NASDAQ:QCOM – Get Free Report)’s share price traded down 1.8% during mid-day trading on Tuesday. The company traded as low as $182.23 and last traded at $184.10. Approximately 9,943,539 shares traded hands during trading, a decline of 36% from the average session volume of 15,643,360 shares. The stock had previously closed at $187.48.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

  • Positive Sentiment: Qualcomm renewed its global patent license agreement with Apple, preserving royalty revenue from Apple devices even as Qualcomm’s share of Apple’s modem-chip business declines. Qualcomm Just Locked In Apple
  • Positive Sentiment: Analysts continue to highlight Qualcomm’s high-margin patent royalty stream as a way to benefit from growth in smartphones, AI glasses, wearables and other connected devices, even when competitors supply the underlying chips. Apple, Meta, and SpaceX Are Driving a Device Boom
  • Neutral Sentiment: Qualcomm reportedly agreed to acquire robotics software company Picknik, potentially expanding its long-term opportunities in robotics and edge computing, although the financial impact and integration benefits are not yet clear. Qualcomm Agreed to Acquire Picknik
  • Negative Sentiment: Chief Executive Officer insider selling added pressure to the stock and raised investor concern, particularly alongside weakness across semiconductor shares. Qualcomm Stock Falls After CEO Insider Selling
  • Negative Sentiment: Reports point to deteriorating handset revenue, a potentially weaker competitive moat and lower expected Qualcomm content in Apple’s latest iPhone generation. Deteriorating Handset Revenues and a Weakening Competitive Moat
  • Negative Sentiment: A reported pricing standoff with Samsung over 2-nanometer manufacturing has delayed potential discussions toward 2027, while rising bond yields and a broader technology selloff have amplified sector pressure. Why Qualcomm Stock Is Down Today

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on QCOM shares. KeyCorp reissued a “sector weight” rating on shares of Qualcomm in a research report on Wednesday, September 9th. Robert W. Baird set a $400.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $235.00 target price on shares of Qualcomm in a research note on Wednesday, September 9th. Monness Crespi & Hardt upgraded shares of Qualcomm to a “buy” rating in a report on Thursday, June 25th. Finally, HSBC restated a “hold” rating on shares of Qualcomm in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and an average price target of $204.10.

View Our Latest Stock Analysis on QCOM

Qualcomm Stock Down 1.8%

The firm has a 50-day moving average price of $170.52 and a two-hundred day moving average price of $174.91. The company has a market capitalization of $193.35 billion, a P/E ratio of 21.31, a PEG ratio of 4.21 and a beta of 1.68. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM – Get Free Report) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities research analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 3rd were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.0%. Qualcomm’s dividend payout ratio (DPR) is 42.59%.

Insider Transactions at Qualcomm

In other Qualcomm news, CEO Cristiano Amon sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $200.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief executive officer owned 177,568 shares of the company’s stock, valued at $35,513,600. This represents a 5.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares of the company’s stock, valued at $5,372,106.40. This represents a 8.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 31,533 shares of company stock valued at $5,874,969. 0.05% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Qualcomm

A number of hedge funds and other institutional investors have recently made changes to their positions in QCOM. Greenwich Wealth Management LLC bought a new stake in Qualcomm in the second quarter valued at about $242,000. QRG Capital Management Inc. grew its stake in shares of Qualcomm by 12.7% in the 2nd quarter. QRG Capital Management Inc. now owns 204,726 shares of the wireless technology company’s stock valued at $37,831,000 after purchasing an additional 23,009 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Qualcomm by 8.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 48,184 shares of the wireless technology company’s stock valued at $8,904,000 after purchasing an additional 3,746 shares during the period. State Street Corp raised its holdings in shares of Qualcomm by 1.3% in the 2nd quarter. State Street Corp now owns 52,763,263 shares of the wireless technology company’s stock worth $9,750,123,000 after buying an additional 671,537 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA raised its holdings in shares of Qualcomm by 35.9% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 26,140 shares of the wireless technology company’s stock worth $4,830,000 after buying an additional 6,900 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

Qualcomm Company Profile

(Get Free Report)

Qualcomm Incorporated (NASDAQ: QCOM) is a technology company headquartered in San Diego, California, that develops wireless communications technologies, semiconductors and related software. Its products support mobile devices, connected computing, automotive systems, industrial equipment and consumer electronics.

Qualcomm’s semiconductor business operates primarily through its Qualcomm CDMA Technologies segment. Its offerings include Snapdragon platforms and systems-on-chip, cellular modems, radio-frequency components, connectivity products, and processors for smartphones, personal computers, extended-reality devices, vehicles and the Internet of Things.

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