Argus Issues Pessimistic Forecast for QUALCOMM (NASDAQ:QCOM) Stock Price

QUALCOMM (NASDAQ:QCOM) had its price objective lowered by investment analysts at Argus from $205.00 to $180.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the wireless technology company’s stock. Argus’ price objective points to a potential upside of 31.06% from the company’s current price.

QCOM has been the topic of several other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a research note on Monday, December 29th. Piper Sandler restated an “overweight” rating and issued a $200.00 price objective on shares of QUALCOMM in a report on Thursday. Wall Street Zen cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Rosenblatt Securities lowered their target price on shares of QUALCOMM from $225.00 to $190.00 and set a “buy” rating for the company in a report on Thursday. Finally, Zacks Research lowered QUALCOMM from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, QUALCOMM has an average rating of “Hold” and an average target price of $167.68.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM opened at $137.34 on Friday. The stock has a market cap of $146.54 billion, a price-to-earnings ratio of 28.38, a P/E/G ratio of 3.08 and a beta of 1.22. QUALCOMM has a 1-year low of $120.80 and a 1-year high of $205.95. The stock’s 50-day moving average is $167.14 and its 200 day moving average is $164.96. The company has a current ratio of 2.51, a quick ratio of 2.10 and a debt-to-equity ratio of 0.64.

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

Insider Buying and Selling

In related news, CAO Patricia Y. Grech sold 513 shares of QUALCOMM stock in a transaction on Friday, November 21st. The shares were sold at an average price of $160.95, for a total transaction of $82,567.35. Following the transaction, the chief accounting officer owned 203 shares in the company, valued at approximately $32,672.85. The trade was a 71.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $1,751,200.00. Following the completion of the transaction, the executive vice president directly owned 44,803 shares in the company, valued at $7,845,901.36. This trade represents a 18.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,017 shares of company stock valued at $7,462,875 over the last three months. 0.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QCOM. Guinness Asset Management LTD lifted its position in QUALCOMM by 11.6% during the second quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock worth $8,824,000 after buying an additional 5,779 shares in the last quarter. CORDA Investment Management LLC. raised its holdings in shares of QUALCOMM by 18.6% during the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock worth $3,579,000 after acquiring an additional 3,524 shares during the period. Westerkirk Capital Inc. acquired a new position in shares of QUALCOMM during the 2nd quarter valued at about $4,539,000. MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of QUALCOMM in the second quarter valued at about $3,896,000. Finally, Inscription Capital LLC grew its holdings in shares of QUALCOMM by 58.1% in the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock valued at $2,172,000 after purchasing an additional 4,799 shares during the period. Institutional investors own 74.35% of the company’s stock.

Trending Headlines about 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

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.