Brokerages Set Qualcomm Incorporated (NASDAQ:QCOM) Target Price at $204.10

Qualcomm Incorporated (NASDAQ:QCOM) has earned a consensus rating of “Hold” from the thirty-eight analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, twenty-one have assigned a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $204.1034.

QCOM has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Qualcomm from $160.00 to $265.00 and gave the stock a “neutral” rating in a research note on Friday, June 5th. DZ Bank upgraded Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a research note on Friday, June 26th. Citigroup reduced their price target on shares of Qualcomm from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Evercore set a $159.00 price target on shares of Qualcomm in a research report on Thursday, July 30th. Finally, Morgan Stanley dropped their price target on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th.

Insider Buying and Selling at Qualcomm

In other news, CAO Patricia Y. Grech sold 208 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $35,360.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,533 shares of company stock valued at $1,924,969 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Qualcomm during the second quarter worth approximately $17,583,115,000. Geode Capital Management LLC lifted its position in Qualcomm by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the period. Van ECK Associates Corp boosted its stake in Qualcomm by 22.7% during the 2nd 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 in the last quarter. Norges Bank bought a new position in Qualcomm during the 4th quarter valued at $2,591,056,000. Finally, Invesco Ltd. increased its position in shares of Qualcomm by 28.1% during the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock valued at $2,163,030,000 after purchasing an additional 2,771,490 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm CEO Cristiano Amon is reportedly expected to attend the September 24 Trump-Xi summit alongside OpenAI CEO Sam Altman and NVIDIA CEO Jensen Huang. Potential discussions about AI standards, chip access and development could improve Qualcomm’s visibility in the expanding AI ecosystem. Trump-Xi Dinner Next Week Brings AI Titans To The Table
• Positive Sentiment: At roughly 22 times earnings, Qualcomm remains less expensive than many large chip stocks. Its investments in AI infrastructure could eventually narrow that valuation discount if new products generate meaningful growth. Qualcomm’s Discount Could Vanish if Its AI Bet Pays Off
• Neutral Sentiment: Analysts’ overall consensus rating is “Hold,” indicating that expectations are balanced after the stock’s recent advance. A recent analysis also described the shares as fairly priced after a substantial run, limiting the immediate catalyst for additional gains. Qualcomm Receives Consensus Rating of Hold
• Negative Sentiment: The immediate decline appears driven partly by profit-taking, with Qualcomm giving back some of its recent rally as semiconductor peers Skyworks Solutions and Qorvo also weakened. Qualcomm Drops as Past Month’s Rally Unwinds
• Negative Sentiment: Concerns are increasing about semiconductor costs, weaker handset demand, product mix and declining Apple-related revenue. These pressures could weigh on Qualcomm’s margins and earnings growth. Qualcomm Faces Margin Pressure From Rising Costs
• Negative Sentiment: Zacks Research downgraded Qualcomm from “Hold” to “Strong Sell,” adding to bearish sentiment. The downgrade reinforces concerns that the company’s AI pivot may not yet offset challenges in its core smartphone business. Qualcomm Faces Margin Pressure From Rising Costs

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $177.72 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The firm has a 50-day simple moving average of $168.11 and a 200 day simple moving average of $172.45. The company has a market cap of $186.65 billion, a PE ratio of 20.57, a P/E/G ratio of 3.70 and a beta of 1.68.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts anticipate that Qualcomm will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is currently 42.59%.

About Qualcomm

Qualcomm Incorporated (NASDAQ: QCOM) is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.