Qualcomm (NASDAQ:QCOM) Now Covered by Bank of America

Bank of America began coverage on shares of Qualcomm (NASDAQ:QCOM) in a research report sent to investors on Tuesday, Marketbeat.com reports. The brokerage issued an underperform rating and a $145.00 price target on the wireless technology company’s stock.

Several other equities analysts have also recently weighed in on QCOM. DZ Bank raised shares of Qualcomm to a “strong-buy” rating in a research note on Tuesday, February 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a report on Monday, December 29th. Rosenblatt Securities cut their price objective on Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Zacks Research cut Qualcomm from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Finally, Cantor Fitzgerald decreased their target price on Qualcomm from $185.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Qualcomm presently has an average rating of “Hold” and a consensus target price of $168.00.

Qualcomm Trading Down 2.1%

QCOM stock opened at $135.20 on Tuesday. Qualcomm has a 1-year low of $120.80 and a 1-year high of $205.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The company has a market capitalization of $144.26 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 6.90 and a beta of 1.25. The business has a 50 day simple moving average of $151.94 and a two-hundred day simple moving average of $162.95.

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

Qualcomm Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.56 annualized dividend and a yield of 2.6%. Qualcomm’s dividend payout ratio (DPR) is 73.55%.

Insider Buying and Selling at Qualcomm

In other news, EVP Alexander H. Rogers sold 15,917 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the sale, the executive vice president directly owned 26,071 shares in the company, valued at $4,640,898.71. The trade was a 37.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the sale, the executive vice president owned 16,393 shares in the company, valued at $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 45,501 shares of company stock valued at $7,784,198. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Qualcomm

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. lifted its position in Qualcomm by 72.2% in 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 last quarter. Cloud Capital Management LLC bought a new position in Qualcomm during the third quarter valued at $27,000. Richardson Financial Services Inc. increased its position in Qualcomm by 90.9% during 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 during the last quarter. Torren Management LLC purchased a new stake in shares of Qualcomm in the fourth quarter valued at $29,000. Finally, Caitong International Asset Management Co. Ltd raised its stake 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 during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm announced a partnership with Wayve to accelerate AI‑powered automated driving systems, highlighting a push into automotive autonomy that could diversify revenue beyond handsets. Qualcomm, Wayve partner to accelerate AI-powered self-driving system rollout
• Positive Sentiment: Expanded collaboration with T‑Mobile on evolving from 5G Advanced toward 6G reinforces Qualcomm’s leadership in wireless infrastructure and future chipset demand cycles. QUALCOMM, Inc. (QCOM) and T-Mobile Expand Strategic Collaboration to Expedite the Industry’s Evolution from 5G Advanced to 6G
• Positive Sentiment: Partnerships with robotics/physical‑AI players (e.g., Neura Robotics) show Qualcomm is expanding into new AI hardware markets that could support longer‑term growth beyond smartphones. Qualcomm’s partnership with Neura Robotics is just the beginning
• Neutral Sentiment: Market commentary (bull and bear) is circulating — some view the pullback as a long‑term buying opportunity given Qualcomm’s cash flow and patent/royalty businesses, while others note handset memory and cyclical headwinds. Qualcomm’s Buy Thesis Remains Structurally Sound Despite Handset/Memory Headwinds
• Negative Sentiment: Bank of America reinstated coverage with an Underperform rating and warned of weak growth prospects and the risk of losing Apple business — a high‑profile call that pressured the stock and prompted investor risk‑repricing. Qualcomm Stock Tumbles — BofA Warns on Apple Exit and Weak Growth
• Negative Sentiment: Additional analyst notes stressed competitive pressures and customer concentration risk (Apple exposure), reinforcing near‑term caution despite the company’s positive strategic announcements. Qualcomm faces loss of Apple business, competitive pressures, says Bank of America

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.