Qualcomm (NASDAQ:QCOM) Stock Price Down 2.6% After Analyst Downgrade

Shares of Qualcomm Incorporated (NASDAQ:QCOM) fell 2.6% during mid-day trading on Friday after UBS Group lowered their price target on the stock from $190.00 to $170.00. UBS Group currently has a neutral rating on the stock. Qualcomm traded as low as $146.15 and last traded at $147.61. 13,760,528 shares were traded during trading, a decline of 17% from the average daily volume of 16,561,588 shares. The stock had previously closed at $151.60.

Other research analysts have also issued research reports about the company. Rosenblatt Securities dropped their price objective on Qualcomm from $265.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday. Daiwa Securities Group raised Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 target price for the company in a report on Friday, May 8th. Tigress Financial boosted their target price on shares of Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Evercore set a $159.00 price target on shares of Qualcomm in a research note on Thursday. Finally, Oppenheimer set a $200.00 target price on shares of Qualcomm in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $203.63.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction of $452,025.00. Following the completion of the sale, the executive vice president directly owned 23,184 shares in the company, valued at $4,191,899.04. This trade represents a 9.73% 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. Insiders have sold 21,529 shares of company stock valued at $4,011,441 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm exceeded revenue expectations in fiscal Q3, reporting $9.95 billion in sales versus the $9.69 billion consensus estimate. Automotive and IoT growth helped offset weaker handset demand. QCOM Q2 Deep Dive: Data Center and Automotive Growth Offset Smartphone Headwinds
• Positive Sentiment: Record automotive revenue and emerging data-center sales support Qualcomm’s diversification strategy. Management raised its automotive outlook to approximately $7 billion and is targeting $40 billion in non-handset revenue by fiscal 2029. Qualcomm Q3 2026 Earnings Call Highlights
• Positive Sentiment: Some analysts continue to see long-term upside from automotive, AI and data-center expansion. TD Cowen retained a “buy” rating despite reducing its price target to $175.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QCOM. Your Advocates Ltd. LLP acquired a new stake in Qualcomm during the 1st quarter valued at $26,000. Richardson Financial Services Inc. raised its holdings in shares of Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 80 shares during the last quarter. Torren Management LLC acquired a new position in shares of Qualcomm in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares in the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new stake in shares of Qualcomm in the fourth quarter valued at $31,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Trading Down 2.6%

The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The firm has a market cap of $155.58 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 4.62 and a beta of 1.63. The business has a 50 day moving average of $200.02 and a 200 day moving average of $167.76.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 39.89%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts forecast that Qualcomm Incorporated will post 7.98 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.5%. Qualcomm’s payout ratio is 42.59%.

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.