Qualcomm (NASDAQ:QCOM) Downgraded to Neutral Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Qualcomm (NASDAQ:QCOM) from an overweight rating to a neutral rating in a report published on Thursday, Marketbeat Ratings reports. The brokerage currently has $140.00 price objective on the wireless technology company’s stock, down from their prior price objective of $185.00.

QCOM has been the topic of a number of other reports. Loop Capital raised Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Tuesday, February 24th. Cantor Fitzgerald dropped their price target on Qualcomm from $185.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Susquehanna downgraded Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 price target on the stock. in a research note on Thursday, February 5th. Argus dropped their price target on Qualcomm from $205.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $140.00 price objective (down from $175.00) on shares of Qualcomm in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Qualcomm has an average rating of “Hold” and an average price target of $161.73.

Qualcomm Stock Up 1.1%

QCOM stock opened at $134.47 on Thursday. The stock’s 50 day simple moving average is $134.50 and its 200 day simple moving average is $156.67. Qualcomm has a fifty-two week low of $121.99 and a fifty-two week high of $205.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. The company has a market cap of $143.48 billion, a P/E ratio of 27.78 and a beta of 1.28.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The business had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.16 billion. During the same period in the prior year, the business earned $3.41 EPS. The firm’s revenue for the quarter 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 expect that Qualcomm will post 9.39 earnings per share for the current fiscal year.

Qualcomm announced that its Board of Directors has approved a share repurchase program on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $130.34, for a total transaction of $325,850.00. Following the completion of the sale, the executive vice president directly owned 30,684 shares of the company’s stock, valued at approximately $3,999,352.56. The trade was a 7.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares of the company’s stock, valued at $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,118 shares of company stock valued at $1,233,705 over the last three months. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

Several institutional investors have recently modified their holdings of QCOM. Harbor Capital Advisors Inc. grew its holdings in shares of Qualcomm by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. Cloud Capital Management LLC bought a new position in shares of Qualcomm in the third quarter valued at approximately $27,000. Richardson Financial Services Inc. grew its holdings in shares of Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 80 shares in the last quarter. Torren Management LLC bought a new position in shares of Qualcomm in the fourth quarter valued at approximately $29,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is pushing deeper into automotive AI and chips with a direct investment in UK self‑driving startup Wayve and a deeper collaboration with Bosch to build vehicle compute platforms targeting initial products around 2028 — this supports a longer‑term growth story beyond smartphones. Qualcomm’s Automotive Push Adds New Layer To QCOM Investment Story
• Neutral Sentiment: Qualcomm will report fiscal Q2 2026 results on April 29 (after the close), an event that could drive short‑term volatility as investors reassess guidance and chip demand trends. Qualcomm Schedules Second Quarter Fiscal 2026 Earnings Release and Conference Call
• Neutral Sentiment: Market commentary outlines both bull and bear cases: valuation and diversification into automotive are positives, while recent share weakness and cyclical industry headwinds are risks — useful context but not a direct catalyst. Qualcomm Stock Price Prediction: Bull and Bear Case
• Negative Sentiment: JPMorgan cut Qualcomm from Overweight to Neutral and placed it on a “negative catalyst watch,” lowering the price target from $185 to $140 — a clear near‑term headwind that signals the bank sees limited upside versus current levels. JPMorgan Downgrades Qualcomm and Puts It on Negative Watch
• Negative Sentiment: Analyst and media commentary (e.g., The Motley Fool) highlights semiconductor industry headwinds weighing on Qualcomm’s near‑term growth — reinforcing caution among investors focused on cyclical demand. Could Qualcomm Stock be One of the Best Semiconductor Stocks to Buy Today?

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.