Qualcomm (NASDAQ:QCOM) Stock Price Target Raised at TD Cowen

Qualcomm (NASDAQ:QCOM) had its price objective raised by TD Cowen from $175.00 to $200.00 in a report issued on Monday,Benzinga reports. The firm currently has a buy rating on the wireless technology company’s stock.

Other research analysts have also recently issued research reports about the company. Robert W. Baird set a $400.00 price objective on Qualcomm in a research report on Thursday, July 30th. Benchmark decreased their target price on Qualcomm from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Dbs Bank upgraded Qualcomm to a “moderate buy” rating in a research note on Tuesday, July 7th. Mizuho boosted their price target on shares of Qualcomm from $170.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, June 29th. Finally, Bank of America increased their price target on shares of Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a research report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm has a consensus rating of “Hold” and an average price target of $204.97.

Qualcomm Stock Up 0.8%

Qualcomm stock opened at $173.53 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The stock has a market cap of $185.30 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 3.88 and a beta of 1.65. Qualcomm has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The firm’s 50-day simple moving average is $175.25 and its 200 day simple moving average is $180.01.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 21.01% and a return on equity of 38.36%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts predict that Qualcomm will post 7.74 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Cristiano Amon sold 10,000 shares of the business’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the sale, the chief executive officer directly owned 177,568 shares in the company, valued at approximately $35,513,600. The trade was a 5.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value 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. The trade was a 8.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 30,958 shares of company stock valued at $5,760,494 in the last 90 days. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Qualcomm

Several hedge funds and other institutional investors have recently modified their holdings of QCOM. Vision Capital Management Inc. lifted its position in Qualcomm by 1.3% during the third quarter. Vision Capital Management Inc. now owns 46,024 shares of the wireless technology company’s stock valued at $8,470,000 after purchasing an additional 591 shares in the last quarter. Eagle Wealth Advisors LLC increased its position in Qualcomm by 4.3% in the third quarter. Eagle Wealth Advisors LLC now owns 3,080 shares of the wireless technology company’s stock worth $567,000 after buying an additional 126 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Qualcomm by 1.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 156,382 shares of the wireless technology company’s stock worth $28,781,000 after buying an additional 2,609 shares in the last quarter. Jeppson Wealth Management LLC raised its stake in shares of Qualcomm by 1.9% in the third quarter. Jeppson Wealth Management LLC now owns 17,427 shares of the wireless technology company’s stock worth $3,207,000 after buying an additional 326 shares during the period. Finally, Drum Hill Capital LLC raised its stake in shares of Qualcomm by 3.9% in the third quarter. Drum Hill Capital LLC now owns 15,903 shares of the wireless technology company’s stock worth $2,927,000 after buying an additional 603 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: TD Cowen raised its price target to $200 and upgraded Qualcomm to “Buy,” implying meaningful upside from the referenced $173.53 level. The upgrade suggests confidence in Qualcomm’s earnings outlook and valuation despite recent revenue pressure.
• Positive Sentiment: Qualcomm pushed back against reports that Snapdragon processors could overheat in Samsung’s Galaxy S27 Ultra, potentially easing concerns about product quality, customer relationships and future chipset demand. Qualcomm Pushes Back on Snapdragon Overheating Reports
• Positive Sentiment: A sector report highlighted Qualcomm among chip companies generating substantial cash flow and supporting growing dividends, reinforcing the stock’s appeal to income-oriented investors. Chip Giants and Growing Dividends
• Neutral Sentiment: Qualcomm disclosed $610,000 in third-quarter lobbying focused on export controls, national defense, wireless technology, patents and intellectual-property legislation. The spending may support long-term regulatory and licensing interests but has limited immediate earnings impact. Qualcomm Lobbying Update
• Negative Sentiment: Qualcomm reportedly plans worldwide, performance-focused layoffs, potentially beginning in November. While cuts could reduce costs and improve operating efficiency, the news also signals internal pressure and may raise concerns about growth, morale and execution. Qualcomm to Cut Jobs Worldwide
• Negative Sentiment: ETFs were reported as net sellers of QCOM on October 15, adding technical and fund-flow pressure to the shares. ETFs Are Net Sellers of Qualcomm

Qualcomm Company Profile

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.