QUALCOMM (NASDAQ:QCOM) Given New $215.00 Price Target at Bank of America

QUALCOMM (NASDAQ:QCOM) had its price target boosted by research analysts at Bank of America from $200.00 to $215.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the wireless technology company’s stock. Bank of America‘s price target suggests a potential upside of 19.63% from the stock’s current price.

QCOM has been the subject of several other reports. TD Cowen increased their price objective on QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday. Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Tuesday, August 26th. Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. Finally, Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an “outperform” rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $187.82.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $179.72 on Thursday. The company has a market cap of $193.92 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $167.01 and a 200-day moving average price of $157.54. QUALCOMM has a 52 week low of $120.80 and a 52 week high of $205.95.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.13. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.QUALCOMM’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities analysts anticipate that QUALCOMM will post 9.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares of the company’s stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 8,335 shares of QUALCOMM stock in a transaction on Monday, October 20th. The shares were sold at an average price of $166.06, for a total value of $1,384,110.10. Following the sale, the chief financial officer directly owned 36,541 shares of the company’s stock, valued at $6,067,998.46. This represents a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 163,169 shares of company stock worth $26,978,998 over the last three months. Corporate insiders own 0.08% 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 QCOM. Kingstone Capital Partners Texas LLC raised its position in QUALCOMM by 656,661.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock valued at $9,360,274,000 after purchasing an additional 58,764,593 shares in the last quarter. Norges Bank purchased a new stake in QUALCOMM during the second quarter valued at about $2,713,603,000. Nuveen LLC purchased a new stake in QUALCOMM during the first quarter valued at about $529,713,000. Amundi raised its position in QUALCOMM by 38.2% during the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock valued at $1,866,451,000 after purchasing an additional 3,186,524 shares in the last quarter. Finally, Viking Global Investors LP raised its position in QUALCOMM by 120.1% during the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after purchasing an additional 1,720,529 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

About QUALCOMM

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.