QUALCOMM (NASDAQ:QCOM) Price Target Cut to $190.00 by Analysts at Rosenblatt Securities

QUALCOMM (NASDAQ:QCOM) had its target price trimmed by Rosenblatt Securities from $225.00 to $190.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the wireless technology company’s stock.

Several other research firms have also recently issued reports on QCOM. Citigroup reissued a “neutral” rating on shares of QUALCOMM in a report on Thursday, January 15th. Royal Bank Of Canada started coverage on QUALCOMM in a research note on Wednesday, January 14th. They set a “sector perform” rating and a $180.00 target price for the company. Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Bank of America lowered QUALCOMM from a “buy” rating to a “neutral” rating and set a $155.00 price objective on the stock. in a report on Thursday. Finally, UBS Group reissued a “neutral” rating on shares of QUALCOMM in a report on Monday. Nine 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $167.00.

QUALCOMM Trading Down 8.5%

NASDAQ:QCOM opened at $136.30 on Thursday. 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. The stock’s 50 day simple moving average is $167.75 and its 200-day simple moving average is $165.06. The firm has a market cap of $145.58 billion, a P/E ratio of 28.16, a PEG ratio of 3.33 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. The firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.16 billion. QUALCOMM had a net margin of 11.96% and a return on equity of 43.08%. QUALCOMM’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $3.41 EPS. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities analysts anticipate that QUALCOMM will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently declared 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. This represents a $3.56 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, March 5th. QUALCOMM’s payout ratio is 72.80%.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, EVP Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $173.30, for a total transaction of $577,608.90. Following the completion of the transaction, the executive vice president directly owned 38,932 shares in the company, valued at approximately $6,746,915.60. This trade represents a 7.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alexander H. Rogers sold 15,917 shares of QUALCOMM stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the transaction, the executive vice president owned 26,071 shares of the company’s stock, valued at approximately $4,640,898.71. The trade was a 37.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 39,684 shares of company stock valued at $7,004,088 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QUALCOMM

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of QUALCOMM by 0.3% during the second quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company’s stock valued at $18,260,635,000 after acquiring an additional 290,799 shares during the last quarter. State Street Corp lifted its holdings in QUALCOMM by 0.8% in the 2nd quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock valued at $8,547,014,000 after purchasing an additional 420,352 shares in the last quarter. Norges Bank acquired a new stake in shares of QUALCOMM during the 2nd quarter worth about $2,713,603,000. Amundi grew its holdings in shares of QUALCOMM by 9.9% during the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock worth $2,136,486,000 after buying an additional 1,138,541 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of QUALCOMM by 141.8% in the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock valued at $2,069,059,000 after buying an additional 7,292,783 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Key QUALCOMM News

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

About QUALCOMM

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.