Qualcomm’s (QCOM) “Underweight” Rating Reaffirmed at Barclays

Qualcomm (NASDAQ:QCOM)‘s stock had its “underweight” rating reiterated by investment analysts at Barclays in a research note issued on Wednesday,Benzinga reports. They currently have a $130.00 target price on the wireless technology company’s stock. Barclays‘s price target suggests a potential downside of 4.10% from the company’s previous close.

Several other analysts also recently issued reports on QCOM. Argus cut their price objective on Qualcomm from $205.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 6th. BNP Paribas Exane downgraded Qualcomm from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $180.00 to $120.00 in a research note on Friday. Bank of America began coverage on Qualcomm in a research report on Tuesday, March 10th. They set an “underperform” rating and a $145.00 price objective for the company. Mizuho decreased their price objective on Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Finally, Citigroup restated a “neutral” rating on shares of Qualcomm in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $158.25.

Qualcomm Price Performance

NASDAQ QCOM opened at $135.56 on Wednesday. The stock’s 50-day moving average price is $134.36 and its two-hundred day moving average price is $155.87. 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 company has a market cap of $144.64 billion, a PE ratio of 28.01 and a beta of 1.28. Qualcomm has a 1 year low of $121.99 and a 1 year high of $205.95.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.12. The firm had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, analysts predict that Qualcomm will post 8.25 EPS for the current year.

Qualcomm announced that its board has initiated a share repurchase plan 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 plans are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 35,599 shares of the company’s stock, valued at $4,900,202.35. This trade represents a 8.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the business’s 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 completion of the sale, the executive vice president directly owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. The trade was a 16.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,118 shares of company stock worth $1,233,705 in the last 90 days. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Qualcomm

Several large investors have recently made changes to their positions in QCOM. Harbor Capital Advisors Inc. grew its stake in shares of Qualcomm by 72.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 65 shares in the last quarter. Cloud Capital Management LLC bought a new stake in shares of Qualcomm in the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. grew its stake in shares of Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 80 shares in the last quarter. Torren Management LLC bought a new stake in shares of Qualcomm in the 4th quarter valued at approximately $29,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 170 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm raised its dividend recently, which supports income-focused investors and can underpin investor confidence even amid near-term weakness. Qualcomm Just Increased Its Dividend. Should You Buy QCOM Stock Here?
• Neutral Sentiment: Regulatory and lobbying activity disclosed a large Q1 lobbying spend (~$1.68M) on transportation, AI/6G and semiconductor tax-credit issues — signals of strategic focus but not an immediate financial catalyst. Insider trading data shows meaningful insider sales and mixed institutional flows, which can weigh on sentiment but are not definitive drivers of fundamentals. Lobbying Update: $1,680,000 of QUALCOMM INCORPORATED lobbying was just disclosed
• Neutral Sentiment: Technical momentum cooled: the stock’s nine-day rally ended and short-term trading dynamics flipped from steady buying to profit-taking, which can amplify moves when negative news appears. Qualcomm snaps nine-day winning streak
• Negative Sentiment: UBS trimmed its price target to $150, highlighting a new sector headwind: rising memory prices that can pressure chip makers’ cost structures and margins — this narrative increases downside risk for semiconductor suppliers and OEM cyclicality. UBS Trims Qualcomm’s Target to $150: Why Rising Memory Prices Are Becoming a Chip Stock Headwind
• Negative Sentiment: BNP Paribas downgraded QCOM to Neutral and cut its target sharply to $120, citing ongoing smartphone weakness with “no end in sight” — a direct hit to demand expectations for Qualcomm’s primary markets and a likely reason for near-term selling pressure. BNP Paribas Cuts QUALCOMM (QCOM) Target on Ongoing Smartphone Weakness
• Neutral Sentiment: Market write-ups summarizing the day point to the analyst downgrades and the end of the short-term rally as the proximate causes of the decline — coverage is reflecting and reinforcing those catalysts. Why Qualcomm (QCOM) Dipped More Than Broader Market Today

Qualcomm Company Profile

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.