Qualcomm (NASDAQ:QCOM) Shares Cross Above 50 Day Moving Average – Time to Sell?

Qualcomm Incorporated (NASDAQ:QCOM) shares crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $176.11 and traded as high as $181.00. Qualcomm shares last traded at $179.60, with a volume of 9,654,009 shares changing hands.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reaffirmed its quarterly dividend of $0.92 per share, with payment scheduled for December 17, supporting the stock’s income-investment appeal and signaling continued confidence in cash generation. Is QUALCOMM Undervalued After Reaffirming Its Dividend?
• Positive Sentiment: Recent trading strength and continued investor interest suggest some buyers view QCOM as undervalued after its pullback. The company’s longer-term shareholder returns and valuation are supporting the recovery. Qualcomm Laps the Stock Market
• Neutral Sentiment: Qualcomm is attracting unusually high investor attention ahead of its earnings update, which could increase volatility as the market assesses demand, margins and guidance. Qualcomm Investor Attention
• Negative Sentiment: Reports that Samsung’s Exynos 2700 may outperform Qualcomm’s chip and appear in the Galaxy S27 series raise concerns about lost smartphone design wins and share pressure in Qualcomm’s core handset business. Samsung Exynos 2700 Report
• Negative Sentiment: Planned worldwide job cuts reflect efforts to control rising costs, but they also point to management caution and potential pressure on near-term growth. Investors are watching whether the savings can offset weaker earnings expectations ahead of the upcoming report. Qualcomm Job Cuts and Earnings Outlook

Analyst Ratings Changes

Several research firms have commented on QCOM. Royal Bank Of Canada lifted their target price on shares of Qualcomm from $160.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 9th. Piper Sandler began coverage on Qualcomm in a report on Wednesday, September 9th. They set a “neutral” rating and a $190.00 price objective on the stock. Citigroup decreased their price objective on Qualcomm from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. The Goldman Sachs Group set a $160.00 price objective on Qualcomm in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Qualcomm in a research note on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $205.83.

Qualcomm Trading Up 2.1%

The business’s fifty day moving average is $176.11 and its 200-day moving average is $169.41. The stock has a market capitalization of $191.78 billion, a PE ratio of 20.79, a P/E/G ratio of 3.96 and a beta of 1.65. 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) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, analysts anticipate that Qualcomm Incorporated will post 7.71 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 3rd. Qualcomm’s dividend payout ratio is presently 42.59%.

Insiders Place Their Bets

In other Qualcomm news, EVP Ann C. Chaplin sold 1,827 shares of the business’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $174.75, for a total transaction of $319,268.25. Following the completion of the sale, the executive vice president owned 25,770 shares of the company’s stock, valued at approximately $4,503,307.50. The trade was a 6.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 33,458 shares of company stock worth $6,198,144. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

Hedge funds and other institutional investors have recently modified their holdings of the company. ABS Investment Management LLC purchased a new position in Qualcomm in the second quarter valued at approximately $34,000. ABS Direct Equity Fund LLC purchased a new stake in Qualcomm during the second quarter worth approximately $34,000. Your Advocates Ltd. LLP acquired a new stake in shares of Qualcomm in the first quarter worth $26,000. Burk Holdings LLC increased its position in shares of Qualcomm by 191.7% in the second quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company’s stock worth $39,000 after acquiring an additional 138 shares in the last quarter. Finally, Harborfront Financial Group LLC acquired a new stake in shares of Qualcomm in the second quarter worth $41,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Company Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.