Qualcomm (NASDAQ:QCOM) Given New $200.00 Price Target at JPMorgan Chase & Co.

Qualcomm (NASDAQ:QCOM) had its target price reduced by analysts at JPMorgan Chase & Co. from $215.00 to $200.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the wireless technology company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 27.59% from the company’s previous close.

QCOM has been the topic of a number of other research reports. Susquehanna lowered their price objective on Qualcomm from $185.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday. The Goldman Sachs Group restated a “neutral” rating on shares of Qualcomm in a research note on Thursday. Arete Research raised Qualcomm to a “strong-buy” rating in a report on Friday, October 16th. Evercore set a $159.00 price target on Qualcomm in a research report on Thursday, July 30th. Finally, Morgan Stanley cut their price objective on Qualcomm from $231.00 to $220.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and an average target price of $197.21.

Qualcomm Stock Performance

QCOM stock traded down $16.44 during midday trading on Thursday, reaching $156.75. 40,048,324 shares of the company’s stock traded hands, compared to its average volume of 15,183,347. The firm has a market capitalization of $167.38 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 3.70 and a beta of 1.70. The company has a 50-day moving average price of $178.23 and a two-hundred day moving average price of $169.48. Qualcomm has a 52 week low of $121.99 and a 52 week high of $259.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 4th. The wireless technology company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.16 by $0.01. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.12 billion. During the same quarter in the previous year, the company earned $3.00 earnings per share. Qualcomm’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities analysts anticipate that Qualcomm will post 7.71 EPS for the current year.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, CEO Cristiano Amon sold 10,000 shares of the stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the transaction, the chief executive officer directly owned 177,568 shares in the company, valued at $35,513,600. This trade represents a 5.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $182.85, for a total transaction of $457,125.00. Following the completion of the sale, the executive vice president owned 18,184 shares of the company’s stock, valued at approximately $3,324,944.40. The trade was a 12.09% 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 30,258 shares of company stock valued at $5,727,616 over the last ninety days. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

Institutional investors and hedge funds have recently bought and sold shares of the stock. Silver Grove Financial Group Inc. grew its holdings in Qualcomm by 8.2% in the third quarter. Silver Grove Financial Group Inc. now owns 1,498 shares of the wireless technology company’s stock worth $276,000 after purchasing an additional 113 shares during the period. Davis Investment Partners LLC increased its position in Qualcomm by 175.9% in the third quarter. Davis Investment Partners LLC now owns 3,959 shares of the wireless technology company’s stock worth $729,000 after buying an additional 2,524 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Qualcomm by 3.1% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 181,832 shares of the wireless technology company’s stock valued at $33,464,000 after purchasing an additional 5,512 shares during the period. Northbridge Financial Group LLC boosted its holdings in shares of Qualcomm by 3.7% during the 3rd quarter. Northbridge Financial Group LLC now owns 6,481 shares of the wireless technology company’s stock valued at $1,173,000 after purchasing an additional 233 shares during the last quarter. Finally, Confluence Wealth Services Inc. increased its position in Qualcomm by 33.9% in the third quarter. Confluence Wealth Services Inc. now owns 23,773 shares of the wireless technology company’s stock worth $4,375,000 after purchasing an additional 6,016 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reported fiscal Q4 adjusted earnings of $2.17 per share and revenue of about $10.44 billion, both slightly above analyst expectations. Automotive revenue surged about 89%, highlighting growth beyond phones. QCOM Q4 Earnings Beat Estimates on Robust Automotive Growth
• Positive Sentiment: SpaceX selected Qualcomm’s Dragonwing platforms and software for Starlink Mobile’s planned U.S. terrestrial 5G network, a multiyear opportunity Qualcomm called its largest 5G initiative to date. SpaceX signs deal with Qualcomm to provide network technology for U.S. mobile service
• Positive Sentiment: Management sees data-center expansion as a longer-term growth driver, targeting $5 billion in fiscal 2027 revenue from the business. However, that growth is still developing and may carry lower margins. QCOM Q4 Earnings Call Highlights Data Center Ramp and Handset Risks
• Negative Sentiment: Soft profit guidance overshadowed the beat. Handset weakness—including declining Apple-related sales—and a reported 26% drop in phone-chip revenue are weighing on the outlook; rising component costs and pressure on chip margins add to concerns. Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
• Negative Sentiment: Several analysts cut their price targets after results, citing handset-market risk and margin concerns, although some retained Buy ratings. Qualcomm Stock Forecast – Why Analysts Cut Price Targets After Q4 Results

About Qualcomm

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.