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

Bank of America assumed coverage on shares of Qualcomm (NASDAQ:QCOM) in a research note issued on Tuesday. The firm set an “underperform” rating and a $145.00 price target on the wireless technology company’s stock. Bank of America‘s target price points to a potential upside of 7.34% from the stock’s previous close.

A number of other equities research analysts have also issued reports on QCOM. DZ Bank upgraded Qualcomm to a “strong-buy” rating in a research note on Tuesday, February 10th. TD Cowen cut their price target on shares of Qualcomm from $190.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Robert W. Baird set a $177.00 price objective on Qualcomm in a report on Thursday, February 5th. Evercore lowered their target price on Qualcomm from $157.00 to $134.00 and set an “in-line” rating on the stock in a research report on Thursday, February 5th. Finally, Cantor Fitzgerald cut their price objective on Qualcomm from $185.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $168.00.

Qualcomm Stock Performance

Shares of QCOM traded down $3.03 during trading hours on Tuesday, hitting $135.08. The stock had a trading volume of 2,455,110 shares, compared to its average volume of 10,310,192. The firm has a 50-day moving average price of $152.71 and a 200 day moving average price of $163.11. The firm has a market capitalization of $144.13 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 6.78 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. Qualcomm has a fifty-two week low of $120.80 and a fifty-two week high of $205.95.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping 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 company had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. During the same quarter last year, the business earned $3.41 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, research analysts anticipate that Qualcomm will post 9.39 EPS for the current year.

Insider Activity at Qualcomm

In other news, EVP Alexander H. Rogers sold 15,917 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann C. Chaplin sold 7,180 shares of Qualcomm stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the completion of the transaction, the executive vice president owned 23,944 shares in the company, valued at approximately $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. Insiders sold a total of 45,501 shares of company stock worth $7,784,198 over the last ninety days. 0.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Qualcomm

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC grew its holdings in Qualcomm by 28.2% in the fourth quarter. Corient Private Wealth LLC now owns 619,782 shares of the wireless technology company’s stock valued at $106,038,000 after purchasing an additional 136,215 shares during the period. Auto Owners Insurance Co lifted its position in shares of Qualcomm by 17,005.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,340,861 shares of the wireless technology company’s stock worth $229,354,000 after buying an additional 1,333,022 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Qualcomm by 9.1% in the fourth quarter. Hsbc Holdings PLC now owns 4,499,946 shares of the wireless technology company’s stock valued at $770,722,000 after buying an additional 375,466 shares during the period. SHP Wealth Management acquired a new stake in shares of Qualcomm during the 4th quarter worth about $424,000. Finally, EJMK Ventures LLC acquired a new stake in Qualcomm in the fourth quarter worth about $382,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

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.