Qualcomm (NASDAQ:QCOM) Receives Sell Rating from Seaport Research Partners

Qualcomm (NASDAQ:QCOM)‘s stock had its “sell” rating restated by equities research analysts at Seaport Research Partners in a report issued on Monday, MarketBeat reports. They currently have a $100.00 price objective on the wireless technology company’s stock. Seaport Research Partners’ price target indicates a potential downside of 23.77% from the company’s current price.

QCOM has been the subject of a number of other reports. Wells Fargo & Company raised shares of Qualcomm from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $135.00 to $185.00 in a research note on Tuesday, February 24th. Morgan Stanley initiated coverage on Qualcomm in a report on Tuesday, February 10th. They issued an “underweight” rating and a $132.00 price objective for the company. Rosenblatt Securities decreased their price target on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Bank of America initiated coverage on shares of Qualcomm in a research report on Tuesday, March 10th. They set an “underperform” rating and a $145.00 price target for the company. Finally, Susquehanna downgraded Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 target price on the stock. in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $168.00.

Qualcomm Stock Up 0.5%

QCOM stock traded up $0.72 during trading on Monday, hitting $131.19. 3,326,579 shares of the company’s stock were exchanged, compared to its average volume of 10,239,175. The stock has a market capitalization of $139.98 billion, a price-to-earnings ratio of 27.09 and a beta of 1.25. Qualcomm has a 52-week low of $120.80 and a 52-week high of $205.95. 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 business has a 50-day moving average price of $146.59 and a two-hundred day moving average price of $161.74.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The firm had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.16 billion. During the same quarter last year, the business posted $3.41 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities research analysts expect that Qualcomm will post 9.39 EPS for the current year.

Qualcomm announced that its board has authorized a stock buyback program on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the transaction, the executive vice president owned 35,599 shares of the company’s stock, valued at $4,900,202.35. This represents a 8.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares of the company’s stock, valued at $2,245,841. This trade represents a 16.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,404 shares of company stock worth $1,921,357 in the last ninety days. 0.05% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Qualcomm

Large investors have recently bought and sold shares of the company. Cornerstone Planning LLC bought a new stake in Qualcomm in the fourth quarter valued at approximately $3,145,000. World Investment Advisors boosted its position in shares of Qualcomm by 14.3% during the 4th quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock worth $11,103,000 after purchasing an additional 8,130 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new stake in shares of Qualcomm during the fourth quarter valued at approximately $145,000. Meadowbrook Advisors Group LLC acquired a new position in Qualcomm during the fourth quarter worth $410,000. Finally, DUTCH ASSET Corp acquired a new position in Qualcomm during the 4th quarter valued at about $1,563,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

About Qualcomm

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.