Core Viewpoint - QUALCOMM has seen mixed analyst ratings and institutional investor activity, with recent earnings exceeding expectations but facing challenges due to memory shortages impacting future guidance. Group 1: Institutional Investor Activity - Waypoint Wealth Counsel increased its holdings in QUALCOMM by 2.2%, owning 2,863 shares valued at $476,000 after acquiring 61 additional shares [1] - Greykasell Wealth Strategies Inc. boosted its holdings by 1.5%, now owning 4,126 shares worth $686,000 after acquiring 61 shares [1] - Baron Wealth Management LLC grew its position by 4.5%, owning 1,431 shares valued at $238,000 after acquiring 62 shares [1] - Avion Wealth increased its position by 16.7%, now owning 441 shares valued at $70,000 after acquiring 63 shares [1] - Insight Advisors LLC PA raised its stake by 1.8%, owning 3,488 shares valued at $556,000 after purchasing 63 shares [1] - Institutional investors and hedge funds collectively own 74.35% of QUALCOMM's stock [1] Group 2: Analyst Ratings and Price Targets - Wall Street Zen downgraded QUALCOMM from "buy" to "hold" [2] - Bank of America also downgraded QUALCOMM from "buy" to "neutral," setting a price target of $155.00 [2] - Susquehanna downgraded QUALCOMM from "positive" to "neutral," with a price objective of $140.00 [2] - The consensus rating for QUALCOMM is "Hold" with an average price target of $167.68 [2] Group 3: Stock Performance and Financial Metrics - QUALCOMM stock opened at $137.34, with a market cap of $146.54 billion and a PE ratio of 28.38 [3] - The stock has a 52-week low of $120.80 and a high of $205.95 [3] - The company reported a net margin of 11.96% and a return on equity of 44.09% [4] - Revenue for the quarter was $12.25 billion, exceeding expectations of $12.16 billion, with a year-over-year increase of 4.7% [4] Group 4: Dividend Information - QUALCOMM announced a quarterly dividend of $0.89, with an annualized yield of 2.6% [5] - The dividend payout ratio is currently 72.80% [5] Group 5: Insider Activity - CAO Patricia Y. Grech sold 513 shares at an average price of $160.95, reducing her position by 71.65% [8] - EVP Alexander H. Rogers sold 15,917 shares at an average price of $178.01, representing a 37.91% decrease in ownership [8] - In the last quarter, insiders sold 43,017 shares valued at $7,462,875, with 0.05% of the stock owned by insiders [8] Group 6: Company Overview - QUALCOMM is a global semiconductor and telecommunications equipment company, known for its development of wireless technologies and semiconductor products [9][10]

Core Insights - QUALCOMM has seen significant institutional investment, with hedge funds owning 74.35% of its stock, indicating strong market interest and confidence in the company [1] - Recent insider trading activity shows executives selling shares, with EVP Ann C. Chaplin and EVP Alexander H. Rogers reducing their positions by 23.07% and 37.91% respectively, which may raise questions about insider sentiment [2] - The company's stock is currently trading at $137.34, with a market cap of $146.54 billion and a P/E ratio of 28.38, reflecting its valuation metrics [3] Institutional Investment - Norges Bank acquired a new stake valued at approximately $2.71 billion in the second quarter [1] - Amundi increased its holdings by 38.2%, now owning 11.53 million shares valued at $1.87 billion [1] - Viking Global Investors LP grew its stake by 120.1%, owning 3.15 million shares worth $502.13 million [1] - Rafferty Asset Management LLC increased its position by 59.1%, holding 4.42 million shares valued at $703.68 million [1] - Worldquant Millennium Advisors LLC raised its stake by 228.6%, now owning 1.13 million shares worth $179.97 million [1] Insider Activity - EVP Ann C. Chaplin sold 7,180 shares at an average price of $178.03, totaling $1.28 million, reducing her position by 23.07% [2] - EVP Alexander H. Rogers sold 15,917 shares at an average price of $178.01, totaling $2.83 million, reducing his ownership by 37.91% [2] - In total, insiders sold 43,017 shares worth $7.46 million in the last ninety days, with corporate insiders owning only 0.05% of the stock [2] Financial Performance - QUALCOMM reported earnings per share of $3.50, exceeding analysts' expectations of $3.38, with revenue of $12.25 billion, surpassing estimates of $12.16 billion [4] - The company experienced a year-over-year revenue increase of 4.7%, with a net margin of 11.96% and a return on equity of 44.09% [4] - Guidance for Q2 2026 is set at an EPS range of 2.450-2.650, with analysts predicting an EPS of 9.39 for the current fiscal year [4] Dividend Information - QUALCOMM declared a quarterly dividend of $0.89 per share, with an annualized dividend of $3.56 and a yield of 2.6% [5] - The dividend payout ratio currently stands at 72.80% [5] Analyst Ratings - Analysts have mixed views on QUALCOMM, with a consensus rating of "Hold" and a target price of $167.68 [8] - Price targets have been adjusted, with JPMorgan lowering its target from $195.00 to $185.00, and Royal Bank of Canada cutting its target from $180.00 to $150.00 [8] - Ten analysts rated the stock as a Buy, nine as Hold, and two as Sell, indicating a diverse range of opinions on the stock's future performance [8] Market Sentiment - Positive sentiment exists due to the recent earnings beat and strong demand in automotive and handset markets, despite some analysts cutting price targets [12] - Concerns about memory shortages affecting future revenue and handset shipments have led to a cautious outlook, contributing to volatility in the stock [12] - The stock has returned to 2020 price levels, which may lead to short-term price bounces despite ongoing fundamental challenges [12]

Group 1 - The fourth quarter earnings season is ongoing, with significant results from major companies like Alphabet, Amazon, AMD, Qualcomm, and Palantir [1] - As of February 6, 59% of S&P 500 companies have reported their fourth quarter results, with analysts estimating a 13% increase in earnings per share, marking the 10th consecutive quarter of annual earnings growth for the index [2][4] - Analysts initially expected an 8.3% increase in earnings per share for the fourth quarter, a decrease from the previous quarter's 13.6% growth rate, but have since raised expectations, particularly for tech companies [4] Group 2 - Major capital expenditures by Big Tech are influencing the AI trade, with ongoing themes from 2025, such as artificial intelligence and economic policies, continuing to impact investor sentiment [5] - Upcoming earnings reports are anticipated from companies including Coca-Cola, Spotify, Robinhood, Lyft, Ford, Rivian, Moderna, Airbnb, and Coinbase [6]

Market Overview - US stock market saw a significant rise, with the Dow Jones approaching the 50,000 points mark, driven by a rebound in technology stocks and Bitcoin surpassing $70,000 [1][6] - The Dow Jones increased by 956.87 points (1.96%) to close at 49,865.59 points, while the Nasdaq rose by 345.80 points (1.53%) to 22,886.39 points, and the S&P 500 gained 98.75 points (1.45%) to reach 6,897.15 points [3][8] Company Performance - Amazon reported earnings per share slightly below analyst expectations and projected capital expenditures of $200 billion for the year, leading to a significant drop in its stock price [3][8] - Reddit exceeded earnings expectations and provided strong guidance, announcing a stock buyback plan [3][8] - Despite Amazon's poor performance, other tech stocks rebounded, with Nvidia rising by 2% and Microsoft increasing by over 1%, although both companies experienced nearly double-digit percentage declines earlier in the week [9] Cryptocurrency Market - Bitcoin experienced a sharp decline of 16% overnight, dropping below $61,000, but rebounded by 4% to recover above $66,000 during Friday morning [9] Sector Analysis - The software sector continued to decline, with the iShares Expanded Tech-Software Sector ETF (IGV) falling by 5%, marking a total decline of over 11% for the week, potentially heading for its largest weekly drop since 2008 due to concerns over AI's impact on the industry [4][9] - Analysts expressed concerns that new AI models from startups like Anthropic could render many software services obsolete, threatening company profits [4][10] Market Sentiment - The market is experiencing a broader risk-off sentiment, with major indices showing declines, indicating a cautious approach among traders [11] - The upcoming release of key economic data, including the January non-farm payroll report and the CPI report, has been delayed, which may lead to further market volatility [11]

Group 1 - The fourth quarter earnings season is ongoing, with significant results from major companies like Alphabet, Amazon, AMD, Qualcomm, and Palantir [1] - As of January 30, 33% of S&P 500 companies have reported their fourth quarter results, with analysts estimating an 11.9% increase in earnings per share, marking the 10th consecutive quarter of annual earnings growth for the index [2][4] - Analysts had initially expected an 8.3% increase in earnings per share before raising expectations, particularly for tech companies, which have been key drivers of earnings growth in recent quarters [4] Group 2 - Big Tech's substantial capital expenditures are influencing the AI trade, alongside ongoing themes from 2025 such as artificial intelligence and economic policies, which continue to impact investor sentiment [5] - Updates from various companies including Disney, Chipotle, PepsiCo, Uber, and Snap were also highlighted during this earnings season [5]

Core Viewpoint - Concerns over growth and weak labor market data have led to significant declines in the U.S. stock market, with the S&P 500 index turning negative for the year [2][3][4]. Group 1: Market Performance - The Dow Jones Industrial Average fell nearly 600 points, a decline of approximately 1.2% [3]. - The S&P 500 index also dropped by 1.2%, marking a year-to-date downturn [3]. - The Nasdaq Composite Index decreased by 1.6%, continuing its most severe decline since April of the previous year [4]. Group 2: Sector Performance - Technology stocks and speculative bets on Wall Street experienced renewed declines, with the information technology sector of the S&P 500 falling by 1.7% [4]. - Software stocks saw significant drops, with Microsoft down 5% and Salesforce down 4.7% [4]. - The consumer discretionary sector faced severe losses, with DoorDash down 6.1% and both Lululemon and Ralph Lauren down over 4% [3]. Group 3: Individual Company Performance - Estée Lauder's stock plummeted by 19%, the largest decline among S&P 500 constituents, due to anticipated profit reductions of about $100 million related to tariffs [5]. - Cummins, an engine manufacturer, saw its stock drop by 11%, marking its largest single-day percentage decline since the onset of the COVID-19 pandemic [5]. - McKesson, a diversified healthcare services company, reported strong earnings, leading to a 17% increase in its stock price, the highest gain in the S&P 500 index [5]. Group 4: Commodity and Cryptocurrency Performance - Bitcoin fell by 13%, contributing to a 19% drop in the stock price of cryptocurrency firm Coinbase, marking its 13th consecutive day of decline [4]. - Silver prices decreased by 9.1% [4].

Market Overview - The New York stock market experienced a decline on February 5, with all three major indices closing lower due to weak employment data and continued tech stock sell-offs. The Dow Jones Industrial Average fell by 592.58 points to 48,908.72, a decrease of 1.20%. The S&P 500 dropped by 84.32 points to 6,798.4, down 1.23%. The Nasdaq Composite decreased by 363.993 points to 22,540.586, a decline of 1.59% [1]. Employment Data - Challenger, Gray & Christmas reported that U.S. employers laid off 108,100 workers in January, significantly higher than the previous month's 35,500, marking the highest level since October 2025 and the highest January layoffs since 2009 [1][2]. - The U.S. Department of Labor's JOLTS report indicated that job openings in December 2025 were 6.542 million, below the consensus estimate of 7.245 million, and the previous month's figure was revised down from 7.15 million to 6.928 million [2]. - Initial jobless claims for the previous week were reported at 231,000, exceeding the consensus estimate of 212,000 and the prior week's 209,000 [2]. Company Performance - Alphabet Inc. reported quarterly earnings that exceeded market expectations but projected capital expenditures for 2026 to be between $175 billion and $185 billion, which is more than double the 2025 figure. The market reacted negatively, leading to a 0.6% decline in its stock price on February 5 [3]. - Qualcomm also reported quarterly earnings above market expectations; however, its guidance for the current quarter fell short of market predictions, resulting in a significant stock price drop of 8.46% to $136.3 per share [3].

Core Viewpoint - Qualcomm reported its Q1 FY26 earnings on February 4, 2024, exceeding market expectations, but its outlook was negatively impacted by a global memory shortage, leading to a significant drop in stock price [1][2]. Financial Performance - For Q1 FY26, Qualcomm achieved revenue of approximately $12.25 billion, a 5% year-over-year increase, surpassing analyst expectations of around $12.18 billion [3]. - GAAP net profit was $3.004 billion, a decline of 5.5% year-over-year, while non-GAAP net profit was $3.78 billion, a 3% increase, slightly exceeding market expectations [3]. - The semiconductor business (QCT) generated revenue of $10.61 billion, and the licensing business (QTL) brought in $1.59 billion, both showing year-over-year growth [3]. Guidance and Market Outlook - For Q2 FY26, Qualcomm expects revenue in the range of $10.2 billion to $11 billion, below the analyst consensus of over $11 billion [3]. - Adjusted earnings per share are projected to be between $2.45 and $2.65, lower than the market estimate of approximately $2.89 [3]. Segment Performance - Qualcomm's mobile business revenue reached $7.82 billion, a 3% year-over-year increase [5]. - The IoT segment saw a 9% year-over-year growth in revenue, totaling $1.69 billion, which includes industrial-grade chips and chips for Meta's smart glasses [5]. - The automotive segment experienced a significant 15% year-over-year increase in revenue, reaching $1.1 billion, with Qualcomm supplying chips to major automotive manufacturers like Toyota [5]. Supply Chain Challenges - Qualcomm highlighted ongoing global memory chip supply constraints, with large orders for data center memory affecting the availability for smartphones and other devices, thereby suppressing processor shipment demand [5]. - The CEO noted that while smartphone demand remains strong, supply chain issues are anticipated, and customers may shift focus to high-end models to better absorb cost pressures from rising memory prices [5].

Group 1 - Qualcomm has obtained a patent titled "Method and Circuit for Protecting DRAM Memory Devices from Hammering Effects," with authorization announcement number CN116018645B, and the application date is May 2021 [1]

Market Overview - Global markets experienced a significant downturn, with major U.S. stock indices falling sharply; the Dow Jones dropped approximately 600 points, and the Nasdaq fell nearly 2% [1] - Technology stocks collectively declined, with notable drops in major companies [1] Company Performance - Qualcomm's stock fell by 7.58% to $137.61 after providing a lower-than-expected earnings guidance due to global memory shortages [2] - Alphabet, the parent company of Google, saw its stock decrease by 4% to $318.32, as it announced a substantial increase in AI-related capital expenditures, potentially reaching $185 billion by 2026 [6] - Other tech giants also faced declines, including Oracle (-4.55%), Amazon (-4.38%), and Tesla (-3.66%) [2] Commodity Market - Precious metals experienced a sharp decline, with silver prices plummeting over 16% [2] - Oil prices also saw a significant drop, contributing to the overall market downturn [3] Cryptocurrency Market - Bitcoin fell below the $70,000 mark, reaching $67,000, indicating a loss of interest from traditional investors and a growing pessimism towards cryptocurrencies [4] - The ongoing sell-off in the cryptocurrency market is attributed to diminishing confidence in Bitcoin as a store of value and inflation hedge [4] Economic Indicators - Concerns about a weakening labor market have intensified, with U.S. employers announcing 108,435 layoffs in January, the highest number for that month since the global financial crisis [6] - Initial jobless claims for the week ending January 31 also exceeded expectations, indicating potential economic challenges [6] - The U.S. Bureau of Labor Statistics reported that job vacancies fell to their lowest level since September 2020 by December 2025 [7]