QUALCOMM (NASDAQ:QCOM) Shares Down 1.8% After Analyst Downgrade

QUALCOMM Incorporated (NASDAQ:QCOM)’s stock price traded down 1.8% on Thursday after Daiwa America downgraded the stock from a strong-buy rating to a hold rating. The company traded as low as $136.74 and last traded at $138.47. 12,087,323 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 10,839,146 shares. The stock had previously closed at $141.04.

Several other research firms also recently weighed in on QCOM. UBS Group reissued a “neutral” rating on shares of QUALCOMM in a research report on Monday, February 2nd. Rosenblatt Securities reduced their target price on QUALCOMM from $225.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Argus lowered their price target on QUALCOMM from $205.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Evercore dropped their price target on QUALCOMM from $157.00 to $134.00 and set an “in-line” rating on the stock in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. decreased their price objective on QUALCOMM from $195.00 to $185.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $164.67.

Insider Buying and Selling at QUALCOMM

In related news, CAO Patricia Y. Grech sold 203 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total value of $34,510.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the transaction, the executive vice president directly owned 35,599 shares in the company, valued at approximately $4,900,202.35. The trade was a 8.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 46,217 shares of company stock worth $7,901,275 over the last quarter. Insiders own 0.05% of the company’s stock.

QUALCOMM News Roundup

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Market technicals and some analyst optimism make the stock look oversold with upside potential — MarketBeat highlights improving RSI readings and several buy-rated price targets well above current levels. 2 Reasons Qualcomm’s Risk/Reward Is Now Red Hot
• Positive Sentiment: DZ Bank upgraded QCOM to a “strong-buy,” signaling at least some analyst conviction that the pullback is overdone. Zacks DZ Bank Upgrade
• Positive Sentiment: Coverage noting the quarter was “soft” but actually better than it looks—argues the beat and fundamentals justify a calmer view vs. the sharp sell-off. QUALCOMM’s Soft Earnings Are Actually Better Than They Appear
• Neutral Sentiment: UBS kept a Neutral rating but trimmed its price target (from $185 to $160), indicating less upside than before and moderating expectations. UBS Keeps a Neutral Rating on QUALCOMM
• Neutral Sentiment: Analyst Q&A coverage from the earnings call highlights areas investors should watch (guidance, handset exposure, visibility), useful context but not a direct buy/sell trigger. 5 revealing analyst questions from Qualcomm’s Q4 earnings call
• Negative Sentiment: Daiwa cut ratings twice this week (one note moved from strong-buy to hold; another from outperform to neutral with a $140 target), adding downward pressure and signaling fading near-term confidence. Daiwa Ratings Change (Zacks) Daiwa Securities Downgrade (Finviz)
• Negative Sentiment: Bear commentary and negative write-ups (e.g., “Bear of the Day”) are contributing to selling pressure and reinforcing short-term pessimism. Bear of the Day: Qualcomm
• Negative Sentiment: Guidance and structural concerns (limited visibility, handset exposure) remain the core reasons for volatility—these are what drove the recent sell-off despite the reported EPS beat. MarketBeat guidance context

Institutional Trading of QUALCOMM

Several large investors have recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after buying an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of QUALCOMM by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after purchasing an additional 340 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of QUALCOMM by 44.3% in the second 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. Axxcess Wealth Management LLC lifted its position in shares of QUALCOMM by 4.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 30,444 shares of the wireless technology company’s stock worth $4,848,000 after purchasing an additional 1,348 shares during the last quarter. Finally, Morningstar Investment Management LLC acquired a new position in shares of QUALCOMM during the 2nd quarter worth about $347,000. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

The stock has a market cap of $147.75 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 6.93 and a beta of 1.22. The stock has a fifty day simple moving average of $165.26 and a 200-day simple moving average of $164.56. 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 announced its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.12. The business had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.16 billion. QUALCOMM had a net margin of 11.96% and a return on equity of 44.09%. QUALCOMM’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $3.41 earnings per share. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, March 5th. QUALCOMM’s dividend payout ratio (DPR) is presently 73.55%.

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.