JPMorgan Chase & Co. Has Lowered Expectations for QUALCOMM (NASDAQ:QCOM) Stock Price

QUALCOMM (NASDAQ:QCOM) had its target price reduced by analysts at JPMorgan Chase & Co. from $195.00 to $185.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the wireless technology company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 35.73% from the company’s previous close.

A number of other research analysts also recently commented on QCOM. Weiss Ratings reissued a “hold (c)” rating on shares of QUALCOMM in a report on Monday, December 29th. Rosenblatt Securities decreased their target price on QUALCOMM from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday. Cantor Fitzgerald decreased their target price on QUALCOMM from $185.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday. Zacks Research cut QUALCOMM from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Susquehanna cut shares of QUALCOMM from a “positive” rating to a “neutral” rating and set a $140.00 target price for the company. in a research note on Thursday. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $167.00.

QUALCOMM Trading Down 8.5%

NASDAQ QCOM traded down $12.59 during trading on Thursday, hitting $136.30. The stock had a trading volume of 30,167,156 shares, compared to its average volume of 10,708,172. The company has a market capitalization of $145.58 billion, a PE ratio of 27.87, a PEG ratio of 3.29 and a beta of 1.22. The firm has a 50 day moving average price of $168.32 and a 200 day moving average price of $165.27. The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70. QUALCOMM has a twelve month low of $120.80 and a twelve month high of $205.95.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.38 by $0.12. The firm had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.16 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.41 EPS. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities research analysts forecast that QUALCOMM will post 9.39 earnings per share for the current year.

Insiders Place Their Bets

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $276,592.00. Following the transaction, the insider directly owned 19,593 shares in the company, valued at $3,387,041.91. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ann C. Chaplin sold 7,180 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the transaction, 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. In the last 90 days, insiders have sold 44,820 shares of company stock valued at $7,883,482. 0.05% of the stock is currently owned by insiders.

Hedge Funds Weigh In On QUALCOMM

A number of hedge funds and other institutional investors have recently made changes to their positions in QCOM. Harbor Capital Advisors Inc. raised its stake 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 worth $26,000 after purchasing an additional 65 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in QUALCOMM during the third quarter worth approximately $27,000. Richardson Financial Services Inc. boosted 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 acquired a new position in QUALCOMM during the fourth quarter worth about $29,000. Finally, Harbor Asset Planning Inc. acquired a new stake in QUALCOMM in the 2nd quarter worth about $32,000. 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 results beat expectations — EPS and revenue topped consensus, driven by record automotive and handset revenue and strength in IoT. Qualcomm Surpasses Q1 Earnings Estimates on Record Revenues
• Neutral Sentiment: CEO Cristiano Amon told Bloomberg that the primary issue for handsets is memory availability rather than end-demand — a clarification that frames the problem as supply-constrained (not demand collapse). Qualcomm CEO: Issue for Handsets Is Memory, Not Demand
• Neutral Sentiment: Analyst consensus remains mixed — brokerages give an average “Hold” rating, reflecting split views on near-term headwinds versus longer-term diversification into auto, AI/edge and licensing. QUALCOMM Given Average Recommendation of Hold
• Negative Sentiment: Management issued Q2 guidance below Street estimates — EPS guide of $2.45–$2.65 vs. consensus ~2.66 and revenue guide $10.2B–$11.0B vs. ~$11.1B — explicitly blaming a global memory shortage that will limit handset builds and Qualcomm chipset shipments. Qualcomm, Arm bear brunt of memory shortage
• Negative Sentiment: Investor reaction and analyst moves: the stock declined sharply after hours/into Thursday and several firms cut price targets or downgraded ratings (Evercore lowered its PT to $134 and put an “in‑line” rating; other shops trimmed targets or turned neutral). Qualcomm price target lowered by Evercore ISI
• Negative Sentiment: Coverage and headlines warned of a broader memory crunch hitting smartphone supply chains — press pieces (CNBC, WSJ, Barron’s) linked Qualcomm’s outlook to sector-wide weakness, amplifying selling pressure. Qualcomm stock sinks as company issues dire warning on memory shortage

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.