QUALCOMM (NASDAQ:QCOM) Lowered to Neutral Rating by Bank of America

Bank of America cut shares of QUALCOMM (NASDAQ:QCOM) from a buy rating to a neutral rating in a report published on Thursday morning, Marketbeat Ratings reports. Bank of America currently has $155.00 price objective on the wireless technology company’s stock.

Several other equities analysts have also issued reports on the company. Cantor Fitzgerald reduced their price target on QUALCOMM from $185.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday. TD Cowen restated a “buy” rating on shares of QUALCOMM in a report on Thursday, November 6th. Citigroup reiterated a “neutral” rating on shares of QUALCOMM in a report on Thursday, January 15th. Mizuho dropped their price target on shares of QUALCOMM from $175.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $167.00.

QUALCOMM Trading Down 8.5%

Shares of QCOM opened at $136.30 on Thursday. QUALCOMM has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The firm has a market cap of $145.58 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 3.33 and a beta of 1.22. The firm has a 50 day moving average price of $167.75 and a 200-day moving average price of $165.06. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. QUALCOMM had a net margin of 11.96% and a return on equity of 43.08%. The company had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. During the same quarter last year, the company earned $3.41 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities research analysts forecast that QUALCOMM will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.6%. QUALCOMM’s payout ratio is presently 72.80%.

Insider Activity at QUALCOMM

In related news, EVP Alexander H. Rogers sold 15,917 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the transaction, the executive vice president directly owned 26,071 shares of the company’s stock, valued at $4,640,898.71. This represents a 37.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Patricia Y. Grech sold 513 shares of QUALCOMM stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $160.95, for a total value of $82,567.35. Following the sale, the chief accounting officer directly owned 203 shares in the company, valued at approximately $32,672.85. The trade was a 71.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 39,684 shares of company stock valued at $7,004,088 in the last three months. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On QUALCOMM

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in QUALCOMM in the second quarter worth about $2,713,603,000. Wellington Management Group LLP grew its stake in shares of QUALCOMM by 141.8% in the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock worth $2,069,059,000 after buying an additional 7,292,783 shares during the last quarter. Amundi grew its stake in shares of QUALCOMM by 38.2% in the 2nd quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after buying an additional 3,186,524 shares during the last quarter. Dimensional Fund Advisors LP increased its position in QUALCOMM by 36.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock valued at $1,090,025,000 after buying an additional 1,764,252 shares in the last quarter. Finally, Viking Global Investors LP raised its stake in QUALCOMM by 120.1% during the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after buying an additional 1,720,529 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM News Roundup

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: QCOM beat on the quarter — adjusted EPS of $3.50 and strong revenue (record automotive/handset contribution) showed the company can still print solid results despite industry headwinds. Zacks: Qualcomm Surpasses Q1 Earnings
• Positive Sentiment: Some firms remain constructive — a few analysts still have buy/overweight views and multi-quarter bull cases that point to upside if handset memory constraints ease. Benzinga: Analyst Coverage
• Neutral Sentiment: Management frames the problem as a memory supply constraint rather than weak end-demand — CEO Cristiano Amon said handset demand isn’t the core issue, which matters for how durable the slowdown may be. Bloomberg Tech Interview (YouTube)
• Neutral Sentiment: Market commentary highlights that QCOM’s selloff has pushed the stock back to 2020 price levels — that raises long-term questions but also creates short-term relief-rally potential for traders. MarketBeat: Qualcomm Is Back at 2020 Levels
• Negative Sentiment: Q2 guidance came in below consensus — EPS and revenue ranges were trimmed because memory shortages are expected to constrain smartphone build plans, directly pressuring Qualcomm’s handset-related revenue. That guidance drove the bulk of the selloff. Reuters: Memory Shortage Hits Outlook
• Negative Sentiment: Analysts have reacted with price-target cuts and tone shifts (Evercore, Mizuho, Bank of America and others), and several firms moved to neutral/in-line ratings — increasing near-term selling pressure. Benzinga: Analysts Lower Forecasts
• Negative Sentiment: Market reaction has been severe — heavy volume and a double-digit intraday move reflect headline-driven risk: strong quarter but weak forward outlook. Short-term volatility is likely to continue until memory supply visibility improves. CNBC: Qualcomm Stock Sinks on Memory Warning

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.