Daiwa Securities Group Downgrades QUALCOMM (NASDAQ:QCOM) to Neutral

QUALCOMM (NASDAQ:QCOM) was downgraded by stock analysts at Daiwa Securities Group from an “outperform” rating to a “neutral” rating in a report released on Wednesday, MarketBeat Ratings reports. They presently have a $140.00 price target on the wireless technology company’s stock. Daiwa Securities Group’s price objective indicates a potential upside of 1.10% from the company’s current price.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their target price on QUALCOMM from $195.00 to $185.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Susquehanna cut QUALCOMM from a “positive” rating to a “neutral” rating and set a $140.00 price target for the company. in a research report on Thursday, February 5th. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Mizuho lowered their price objective on shares of QUALCOMM from $160.00 to $140.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Finally, Zacks Research downgraded shares of QUALCOMM from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, QUALCOMM presently has a consensus rating of “Hold” and an average price target of $164.67.

QUALCOMM Stock Down 1.8%

QCOM stock opened at $138.47 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $164.55 and its 200 day moving average price is $164.38. QUALCOMM has a 52 week low of $120.80 and a 52 week high of $205.95. The company has a market cap of $147.75 billion, a P/E ratio of 28.61, a P/E/G ratio of 6.99 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results 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 quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $3.41 earnings per share. 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.

Insider Activity at QUALCOMM

In other QUALCOMM news, EVP Akash J. Palkhiwala sold 10,000 shares of QUALCOMM stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $175.12, for a total value of $1,751,200.00. Following the transaction, the executive vice president owned 44,803 shares in the company, valued at $7,845,901.36. This trade represents a 18.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $82,567.35. Following the completion of the transaction, the chief accounting officer owned 203 shares in the company, valued at $32,672.85. The trade was a 71.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 46,217 shares of company stock valued at $7,901,275 over the last 90 days. 0.05% of the stock is currently owned by insiders.

Institutional Trading of QUALCOMM

Institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its stake in QUALCOMM by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after buying an additional 65 shares during the period. Cloud Capital Management LLC acquired a new position in shares of QUALCOMM during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. lifted its holdings in shares of QUALCOMM by 90.9% during the 4th 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 purchased a new stake in QUALCOMM during the 4th quarter worth $29,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in QUALCOMM in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Key Stories Impacting QUALCOMM

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: MarketBeat highlights that Qualcomm’s technicals are deeply oversold and beginning to recover, and several bullish analyst targets (some as high as ~$200) create asymmetric upside if sentiment stabilizes. 2 Reasons Qualcomm’s Risk/Reward Is Now Red Hot
• Positive Sentiment: Yahoo argues the recent “soft” earnings aren’t as bad as they look — underlying strength in results and operational items temper the headline reaction, supporting a view that the selloff may be overdone. QUALCOMM’s Soft Earnings Are Actually Better Than They Appear
• Positive Sentiment: Piper Sandler reiterated an overweight rating after the quarter and coverage notes show Qualcomm beat estimates — a reminder earnings execution still has support from some buy-side analysts. Qualcomm beats estimates; Piper Sandler reiterates overweight
• Positive Sentiment: DZ Bank upgraded Qualcomm to a “strong-buy”, adding direct buy-side support that can limit further downside and attract momentum buyers. Zacks
• Neutral Sentiment: UBS maintained a Neutral rating but cut its price target to $160, signaling tempered expectations but not a bearish view that would force selling. UBS keeps Neutral
• Neutral Sentiment: Daiwa Securities moved Qualcomm from Outperform to Neutral with a $140 target — a modest haircut that signals caution but limited implied downside from current levels. Finviz
• Negative Sentiment: Daiwa America downgraded the stock from “strong-buy” to “hold,” removing a bullish endorsement and adding selling pressure from discretionary holders. Zacks
• Negative Sentiment: Bearish coverage and commentary (e.g., “Bear of the Day”) continue to circulate, keeping sentiment fragile and increasing the risk of short-term volatility. Bear of the Day: Qualcomm
• Negative Sentiment: Analyst questions from the earnings call highlighted concerns around guidance, handset exposure and visibility — these fundamentals are the root cause of the recent selloff and could keep the stock under pressure until clarity returns. 5 revealing analyst questions

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.