QUALCOMM (NASDAQ:QCOM) Trading Down 2.2% – Time to Sell?

QUALCOMM Incorporated (NASDAQ:QCOM) shares traded down 2.2% during mid-day trading on Friday . The company traded as low as $174.80 and last traded at $177.78. 9,645,324 shares were traded during mid-day trading, an increase of 7% from the average session volume of 9,028,583 shares. The stock had previously closed at $181.87.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. TD Cowen boosted their price objective on shares of QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, November 6th. JPMorgan Chase & Co. raised their target price on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Finally, Bank of America boosted their price target on QUALCOMM from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $191.56.

QUALCOMM Trading Down 2.2%

The firm’s 50 day moving average price is $173.31 and its 200-day moving average price is $165.20. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10. The stock has a market cap of $190.40 billion, a P/E ratio of 36.36, a P/E/G ratio of 3.95 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.13. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter 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 research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Insider Activity

In other QUALCOMM news, CAO Patricia Y. Grech sold 513 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $160.95, for a total transaction of $82,567.35. Following the transaction, the chief accounting officer owned 203 shares in the company, valued at approximately $32,672.85. This represents a 71.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Akash J. Palkhiwala sold 10,000 shares of QUALCOMM stock in a transaction that occurred on Thursday, December 18th. The stock was 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 owned 44,803 shares of the company’s stock, valued at $7,845,901.36. This represents a 18.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 53,155 shares of company stock valued at $9,267,593. Corporate insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On QUALCOMM

Large investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. grew its holdings in shares of QUALCOMM by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 65 shares during the period. Cloud Capital Management LLC purchased a new position in QUALCOMM in the third quarter worth about $27,000. Chung Wu Investment Group LLC bought a new stake in shares of QUALCOMM during the 2nd quarter valued at about $32,000. Harbor Asset Planning Inc. purchased a new stake in shares of QUALCOMM during the 2nd quarter valued at about $32,000. Finally, Winnow Wealth LLC bought a new position in shares of QUALCOMM in the 2nd quarter worth approximately $32,000. Institutional investors own 74.35% of the company’s stock.

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.