Qualcomm (NASDAQ:QCOM) Price Target Cut to $200.00 by Analysts at JPMorgan Chase & Co.

Qualcomm (NASDAQ:QCOM) had its price target lowered by JPMorgan Chase & Co. from $215.00 to $200.00 in a report released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the wireless technology company’s stock.

QCOM has been the subject of several other research reports. UBS Group reduced their target price on shares of Qualcomm from $190.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Morgan Stanley dropped their target price on Qualcomm from $231.00 to $220.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Arete Research upgraded shares of Qualcomm to a “strong-buy” rating in a research note on Friday, October 16th. Sanford C. Bernstein lowered their target price on shares of Qualcomm from $165.00 to $155.00 and set a “market perform” rating on the stock in a report on Monday. Finally, TD Cowen reduced their price target on Qualcomm from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $197.55.

Qualcomm Stock Performance

Shares of QCOM stock opened at $156.75 on Thursday. The company has a fifty day moving average price of $178.09 and a two-hundred day moving average price of $169.47. Qualcomm has a one year low of $121.99 and a one year high of $259.92. The stock has a market cap of $167.38 billion, a P/E ratio of 12.34, a P/E/G ratio of 3.90 and a beta of 1.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. The business had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.12 billion. Qualcomm had a net margin of 31.60% and a return on equity of 31.91%. Qualcomm’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the business posted $3.00 EPS. As a group, equities analysts predict that Qualcomm will post 7.17 EPS for the current year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, December 3rd. Qualcomm’s payout ratio is currently 42.59%.

Insider Activity at Qualcomm

In related news, CEO Cristiano Amon sold 10,000 shares of the stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $200.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief executive officer owned 177,568 shares of the company’s stock, valued at $35,513,600. This represents a 5.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash Palkhiwala sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $175.06, for a total transaction of $437,650.00. Following the transaction, the executive vice president owned 20,799 shares of the company’s stock, valued at $3,641,072.94. This trade represents a 10.73% decrease in their ownership of the stock. 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 quarter, insiders have sold 30,258 shares of company stock valued at $5,727,616. 0.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Qualcomm

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Qualcomm in the 2nd quarter worth approximately $17,583,115,000. State Street Corp lifted its stake in Qualcomm by 1.3% during the 2nd quarter. State Street Corp now owns 52,763,263 shares of the wireless technology company’s stock valued at $9,750,123,000 after acquiring an additional 671,537 shares during the period. Van ECK Associates Corp lifted its position in Qualcomm by 22.7% during the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock valued at $3,178,872,000 after purchasing an additional 3,179,720 shares during the period. Amundi boosted its holdings in Qualcomm by 94.1% in the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company’s stock worth $1,884,071,000 after purchasing an additional 4,942,908 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Qualcomm in the 2nd quarter worth approximately $1,523,930,000. 74.35% of the stock is currently owned by institutional investors.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reported fiscal Q4 revenue of about $10.44 billion and adjusted EPS of $2.17, slightly exceeding consensus. Automotive revenue grew strongly, and management sees potential for substantial data-center revenue growth. Article: QCOM Q4 Earnings Beat Estimates on Robust Automotive Growth
• Positive Sentiment: SpaceX selected Qualcomm’s Dragonwing platforms and software for Starlink Mobile’s planned U.S. 5G network, a multiyear deal that offers diversification beyond smartphone chips. Article: SpaceX signs deal with Qualcomm to provide network technology for U.S. mobile service
• Neutral Sentiment: Analysts cut price targets following results, though views remain mixed: UBS and JPMorgan moved to neutral, while TD Cowen and Rosenblatt retained buy ratings. The revisions reflect increased caution but still imply potential upside from the cited share price.
• Negative Sentiment: The earnings beat was overshadowed by weaker profit guidance and falling handset-chip demand. Revenue declined year over year, with handset weakness—including reduced Apple-related revenue—contributing to the pressure; memory and component costs may also weigh on margins. Article: Qualcomm slumps as weak smartphone chip sales overshadow data-center momentum
• Negative Sentiment: Investors may also be wary that data-center expansion requires heavy investment and could dilute near-term margins, while automotive and other newer businesses have yet to offset handset weakness fully. Article: Qualcomm’s Data Center Investments Could Weigh on Near-Term Margins, RBC Says

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.