QUALCOMM (NASDAQ:QCOM) Cut to Hold at Daiwa America

QUALCOMM (NASDAQ:QCOM) was downgraded by equities researchers at Daiwa America from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

QCOM has been the subject of several other research reports. Morgan Stanley started coverage on shares of QUALCOMM in a report on Tuesday. They issued an “underweight” rating and a $132.00 price target for the company. Susquehanna lowered QUALCOMM from a “positive” rating to a “neutral” rating and set a $140.00 target price on the stock. in a report on Thursday, February 5th. Royal Bank Of Canada lowered their price target on QUALCOMM from $180.00 to $150.00 and set a “sector perform” rating for the company in a report on Thursday, February 5th. Citigroup reaffirmed a “neutral” rating on shares of QUALCOMM in a research report on Thursday, January 15th. Finally, Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. One equities research 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $164.67.

QUALCOMM Price Performance

QUALCOMM stock opened at $141.04 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $150.49 billion, a P/E ratio of 29.14, a PEG ratio of 6.93 and a beta of 1.22. The business has a 50-day moving average of $165.26 and a 200-day moving average of $164.56. QUALCOMM has a 1 year low of $120.80 and a 1 year high of $205.95.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm earned $3.41 EPS. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, equities analysts anticipate that QUALCOMM will post 9.39 EPS for the current year.

Insider Activity

In related news, CAO Patricia Y. Grech sold 513 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $160.95, for a total transaction of $82,567.35. Following the completion of the transaction, the chief accounting officer owned 203 shares in the company, valued at approximately $32,672.85. This represents a 71.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alexander H. Rogers sold 15,917 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the completion of the transaction, the executive vice president directly owned 26,071 shares of the company’s stock, valued at approximately $4,640,898.71. This trade represents a 37.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 46,217 shares of company stock worth $7,901,275. 0.05% of the stock is currently owned by insiders.

Hedge Funds Weigh In On QUALCOMM

Several hedge funds have recently modified their holdings of QCOM. Harbor Capital Advisors Inc. grew its stake in QUALCOMM by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in shares of QUALCOMM in the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. grew its stake 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 valued at $29,000 after buying an additional 80 shares in the last quarter. Torren Management LLC acquired a new position in QUALCOMM during the fourth quarter worth $29,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in QUALCOMM during the fourth quarter worth $32,000. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Company Profile

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.