Fri Dec 20 21:50:00 UTC 2024: **QUALCOMM Stock Dips Despite Positive Analyst Ratings**

**San Diego, CA – December 20, 2024** – Shares of Qualcomm Incorporated (QCOM) experienced a slight downturn on Thursday, closing at $151.00, a 1.3% decrease from the previous day’s close of $153.05. Trading volume was significantly lower than average, with only 2,113,527 shares exchanged.

Despite the dip, several brokerages have recently expressed positive sentiment toward QCOM. Sanford C. Bernstein raised its target price to $215.00 and maintained an outperform rating, while Evercore ISI increased its target price to $199.00 with an inline rating. However, not all analysts were bullish; KeyCorp downgraded QCOM from overweight to sector weight, and Citigroup lowered its target price to $185.00 and assigned a neutral rating. Currently, the stock holds a “Moderate Buy” consensus rating with a $208.00 target price, based on analyst data from MarketBeat.com.

Qualcomm recently reported strong quarterly earnings, exceeding analysts’ expectations with earnings per share (EPS) of $2.26 and revenue of $10.24 billion. The company also announced a quarterly dividend of $0.85 per share. However, recent insider trading saw significant share sales by the CAO and General Counsel, totaling $611,176.44.

While some institutional investors increased their holdings in QCOM, the overall volume of shares traded on Thursday was substantially lower than usual. This, coupled with the mixed analyst opinions, may have contributed to the stock’s decline. Despite the recent price drop, the company’s strong financials and positive outlook from several analysts suggest a potential for future growth.

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