Qualcomm Incorporated (QCOM) – What Are Analysts Saying About This Stock?

Qualcomm Incorporated (NASDAQ:QCOM) has been assigned a consensus recommendation of “Hold” from the thirty-nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, twenty-one have assigned a hold recommendation, twelve have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $204.97.

A number of analysts have recently issued reports on the stock. DZ Bank upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price objective on the stock in a report on Friday, June 26th. HSBC restated a “hold” rating on shares of Qualcomm in a report on Wednesday, July 15th. Royal Bank Of Canada raised their target price on shares of Qualcomm from $160.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 9th. Barclays reiterated an “underweight” rating on shares of Qualcomm in a research note on Wednesday, September 9th. Finally, Craig Hallum lowered shares of Qualcomm from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: TD Cowen raised its price target to $200 and upgraded Qualcomm to “Buy,” implying meaningful upside from the referenced $173.53 level. The upgrade suggests confidence in Qualcomm’s earnings outlook and valuation despite recent revenue pressure.
• Positive Sentiment: Qualcomm pushed back against reports that Snapdragon processors could overheat in Samsung’s Galaxy S27 Ultra, potentially easing concerns about product quality, customer relationships and future chipset demand. Qualcomm Pushes Back on Snapdragon Overheating Reports
• Positive Sentiment: A sector report highlighted Qualcomm among chip companies generating substantial cash flow and supporting growing dividends, reinforcing the stock’s appeal to income-oriented investors. Chip Giants and Growing Dividends
• Neutral Sentiment: Qualcomm disclosed $610,000 in third-quarter lobbying focused on export controls, national defense, wireless technology, patents and intellectual-property legislation. The spending may support long-term regulatory and licensing interests but has limited immediate earnings impact. Qualcomm Lobbying Update
• Negative Sentiment: Qualcomm reportedly plans worldwide, performance-focused layoffs, potentially beginning in November. While cuts could reduce costs and improve operating efficiency, the news also signals internal pressure and may raise concerns about growth, morale and execution. Qualcomm to Cut Jobs Worldwide
• Negative Sentiment: ETFs were reported as net sellers of QCOM on October 15, adding technical and fund-flow pressure to the shares. ETFs Are Net Sellers of Qualcomm

Insider Activity

In other Qualcomm news, EVP Akash Palkhiwala sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $182.85, for a total value of $457,125.00. Following the completion of the transaction, the executive vice president directly owned 18,184 shares in the company, valued at $3,324,944.40. This trade represents a 12.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano Amon sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $200.00, for a total value of $2,000,000.00. Following the transaction, the chief executive officer directly owned 177,568 shares in the company, valued at $35,513,600. This trade represents a 5.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 30,958 shares of company stock valued at $5,760,494. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Qualcomm

A number of large investors have recently added to or reduced their stakes in the business. Vision Capital Management Inc. increased its holdings in shares of Qualcomm by 1.3% in the 3rd quarter. Vision Capital Management Inc. now owns 46,024 shares of the wireless technology company’s stock worth $8,470,000 after purchasing an additional 591 shares in the last quarter. Eagle Wealth Advisors LLC increased its position in shares of Qualcomm by 4.3% during the 3rd quarter. Eagle Wealth Advisors LLC now owns 3,080 shares of the wireless technology company’s stock valued at $567,000 after purchasing an additional 126 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Qualcomm by 1.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 156,382 shares of the wireless technology company’s stock worth $28,781,000 after acquiring an additional 2,609 shares during the period. Jeppson Wealth Management LLC lifted its position in Qualcomm by 1.9% during the third quarter. Jeppson Wealth Management LLC now owns 17,427 shares of the wireless technology company’s stock valued at $3,207,000 after purchasing an additional 326 shares in the last quarter. Finally, Drum Hill Capital LLC lifted its position in shares of Qualcomm by 3.9% during the 3rd quarter. Drum Hill Capital LLC now owns 15,903 shares of the wireless technology company’s stock valued at $2,927,000 after buying an additional 603 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Qualcomm Trading Up 0.8%

NASDAQ:QCOM opened at $173.53 on Tuesday. Qualcomm has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The stock has a market capitalization of $185.30 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 3.88 and a beta of 1.65. The business’s 50-day simple moving average is $175.25 and its 200-day simple moving average is $180.01.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the prior year, the firm posted $2.77 earnings per share. Qualcomm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts expect that Qualcomm will post 7.74 earnings per share for the current fiscal year.

About Qualcomm

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.