Evercore Lowers QUALCOMM (NASDAQ:QCOM) Price Target to $134.00

QUALCOMM (NASDAQ:QCOM) had its price objective decreased by equities researchers at Evercore from $157.00 to $134.00 in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has an “in-line” rating on the wireless technology company’s stock. Evercore’s price objective suggests a potential downside of 2.43% from the stock’s previous close.

A number of other equities research analysts have also recently commented on QCOM. Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 target price on shares of QUALCOMM in a report on Thursday. Zacks Research downgraded QUALCOMM from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. TD Cowen dropped their target price on QUALCOMM from $190.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a report on Monday, December 29th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $167.68.

QUALCOMM Trading Up 0.8%

QCOM opened at $137.34 on Thursday. The firm has a market cap of $146.54 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 3.05 and a beta of 1.22. QUALCOMM has a 52 week low of $120.80 and a 52 week high of $205.95. The business’s 50 day moving average is $167.14 and its two-hundred day moving average is $164.91. The company has a quick ratio of 2.10, a current ratio of 2.51 and a debt-to-equity ratio of 0.64.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. QUALCOMM had a net margin of 11.96% and a return on equity of 44.09%. The business had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. During the same period in the previous year, the company posted $3.41 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, research analysts predict that QUALCOMM will post 9.39 EPS for the current year.

Insider Buying and Selling

In other news, EVP Akash J. Palkhiwala sold 10,000 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total value of $1,751,200.00. Following the completion of the transaction, the executive vice president directly owned 44,803 shares of the company’s stock, valued at $7,845,901.36. The trade was a 18.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ann C. Chaplin sold 7,180 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the sale, the executive vice president owned 23,944 shares in the company, valued at $4,262,750.32. This represents a 23.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 43,017 shares of company stock worth $7,462,875. 0.05% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QUALCOMM

Institutional investors have recently modified their holdings of the company. Brighton Jones LLC raised its holdings in QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in QUALCOMM by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after purchasing an additional 340 shares during the last quarter. Sivia Capital Partners LLC lifted its position in QUALCOMM by 44.3% during the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock worth $530,000 after buying an additional 1,020 shares during the period. Sax Wealth Advisors LLC lifted its position in QUALCOMM by 16.1% during the second quarter. Sax Wealth Advisors LLC now owns 1,774 shares of the wireless technology company’s stock worth $282,000 after buying an additional 246 shares during the period. Finally, Clear Creek Financial Management LLC boosted its stake in QUALCOMM by 2.3% in the 2nd quarter. Clear Creek Financial Management LLC now owns 3,171 shares of the wireless technology company’s stock worth $505,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Key Stories Impacting QUALCOMM

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Q1 beat — Qualcomm reported adjusted EPS of $3.50 and strong revenue in automotive/handsets, beating consensus and showing demand in non‑handset end markets. Qualcomm Surpasses Q1 Earnings
• Positive Sentiment: Analysts still see upside — Several firms cut price targets but kept positive stances (Argus lowered PT to $180, JPMorgan to $185, Rosenblatt reiterated buy), leaving multi‑dozen percent upside from current levels according to those shops; this supports short‑covering/relief buying. Analyst Price Target Changes
• Neutral Sentiment: Market view is mixed/hold consensus — Broker consensus sits around “Hold” as firms reassess forward visibility; that keeps headline analyst guidance fragmented and can sustain volatility until memory supply clarity arrives. Consensus Rating of Hold
• Neutral Sentiment: Technicals/positioning matter — Coverage notes Qualcomm has moved back to 2020 price levels and is extremely oversold; that can produce sharp, short‑term bounces even if fundamentals remain challenged. Qualcomm Is Back at 2020 Levels
• Negative Sentiment: Weak Q2 guidance driven by memory shortage — Management warned memory constraints will limit handset shipments and revenue in the near term; that outlook triggered the large post‑earnings drop and remains the main fundamental headwind. Memory Shortage Report
• Negative Sentiment: Analyst cuts and downgrades — Some firms (Evercore cut PT to $134, Bank of America moved to neutral) reduced forecasts after the cautious outlook, increasing near‑term downside risk if memory issues persist. Analyst Forecast Cuts
• Negative Sentiment: Volatility risk remains high — The combination of supply uncertainty, heavy post‑earnings selling, and mixed analyst views means QCOM can swing sharply; expect elevated intraday moves and headline sensitivity until memory supply trends or handset orders normalize. CNBC Coverage of Selloff

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.