QUALCOMM (NASDAQ:QCOM) Downgraded to Hold Rating by Wall Street Zen

QUALCOMM (NASDAQ:QCOM) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Tuesday.

Other analysts also recently issued research reports about the stock. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. Cowen restated a “buy” rating on shares of QUALCOMM in a report on Thursday, November 6th. Citigroup upped their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. TD Cowen lifted their price target on shares of QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, November 6th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $191.00.

QUALCOMM Stock Performance

QCOM opened at $175.31 on Tuesday. The firm has a 50 day moving average of $169.79 and a two-hundred day moving average of $161.39. The firm has a market capitalization of $187.76 billion, a PE ratio of 35.85, a P/E/G ratio of 3.83 and a beta of 1.22. QUALCOMM has a 12-month low of $120.80 and a 12-month high of $205.95. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, analysts anticipate that QUALCOMM will post 9.39 EPS for the current year.

Insider Activity at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the sale, the chief financial officer owned 36,541 shares in the company, valued at approximately $6,067,998.46. This trade represents a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 164,661 shares of company stock valued at $27,292,820. 0.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On QUALCOMM

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC raised its holdings in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 93 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in QUALCOMM by 72.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 65 shares during the period. Cloud Capital Management LLC purchased a new position in shares of QUALCOMM during the third quarter valued at $27,000. Chung Wu Investment Group LLC purchased a new stake in shares of QUALCOMM in the second quarter worth approximately $32,000. Finally, Harbor Asset Planning Inc. acquired a new stake in shares of QUALCOMM during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Company Profile

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.