QUALCOMM (NASDAQ:QCOM) Stock Price Expected to Rise, Piper Sandler Analyst Says

QUALCOMM (NASDAQ:QCOM) had its target price increased by Piper Sandler from $175.00 to $200.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the wireless technology company’s stock. Piper Sandler’s price target would suggest a potential upside of 16.84% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Mizuho raised their price objective on QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group set a $165.00 price target on QUALCOMM in a research report on Monday, October 27th. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the company an “outperform” rating in a research report on Monday, July 28th. Citigroup lifted their price objective on QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Finally, TD Cowen lifted their price objective on QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $188.95.

QUALCOMM Trading Down 4.8%

QCOM stock traded down $8.54 during mid-day trading on Thursday, reaching $171.18. 5,974,116 shares of the stock traded hands, compared to its average volume of 8,693,438. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. QUALCOMM has a one year low of $120.80 and a one year high of $205.95. The stock has a market capitalization of $184.70 billion, a PE ratio of 16.55, a PEG ratio of 2.59 and a beta of 1.26. The business has a 50-day moving average price of $167.01 and a two-hundred day moving average price of $157.54.

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

Insider Buying and Selling

In related news, CAO Patricia Y. Grech sold 273 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the completion of the sale, the chief accounting officer directly owned 404 shares of the company’s stock, valued at $65,213.68. The trade was a 40.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Neil Martin sold 791 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the transaction, the chief accounting officer owned 1,106 shares in the company, valued at approximately $171,230.92. The trade was a 41.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 163,169 shares of company stock worth $26,978,998 in the last quarter. Insiders own 0.08% of the company’s stock.

Institutional Trading of QUALCOMM

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after acquiring an additional 340 shares during the last quarter. Stratos Investment Management LLC bought a new stake in QUALCOMM in the 1st quarter worth approximately $311,000. Cornerstone Planning Group LLC grew its position in QUALCOMM by 34.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 672 shares of the wireless technology company’s stock worth $94,000 after purchasing an additional 171 shares during the period. Finally, Moloney Securities Asset Management LLC grew its position in QUALCOMM by 3.9% in the 1st quarter. Moloney Securities Asset Management LLC now owns 2,479 shares of the wireless technology company’s stock worth $381,000 after purchasing an additional 94 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

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.