Qualcomm (NASDAQ:QCOM) Coverage Initiated by Analysts at The Goldman Sachs Group

Analysts at The Goldman Sachs Group started coverage on shares of Qualcomm (NASDAQ:QCOM) in a research report issued on Monday. The brokerage set a “neutral” rating and a $135.00 price target on the wireless technology company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 6.21% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Wells Fargo & Company upgraded Qualcomm from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $135.00 to $185.00 in a research note on Tuesday, February 24th. JPMorgan Chase & Co. cut their price objective on shares of Qualcomm from $195.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Royal Bank Of Canada decreased their price objective on shares of Qualcomm from $180.00 to $150.00 and set a “sector perform” rating for the company in a research report on Thursday, February 5th. Citigroup reiterated a “neutral” rating on shares of Qualcomm in a research note on Thursday, January 15th. Finally, DZ Bank raised shares of Qualcomm to a “strong-buy” rating in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $163.77.

Qualcomm Price Performance

NASDAQ QCOM opened at $127.11 on Monday. The firm’s fifty day simple moving average is $141.12 and its two-hundred day simple moving average is $160.28. The firm has a market capitalization of $135.63 billion, a P/E ratio of 26.26 and a beta of 1.25. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. Qualcomm has a 12-month low of $120.80 and a 12-month high of $205.95.

Qualcomm (NASDAQ:QCOM) last issued 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 analyst estimates of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Analysts forecast that Qualcomm will post 9.39 EPS for the current fiscal year.

Qualcomm declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 17th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the wireless technology company to buy up to 14.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the transaction, the executive vice president owned 16,393 shares of the company’s stock, valued at $2,245,841. This trade represents a 16.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the sale, the executive vice president directly owned 35,599 shares in the company, valued at approximately $4,900,202.35. The trade was a 8.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,866 shares of company stock valued at $1,474,796. 0.05% of the stock is currently owned by corporate insiders.

Institutional Trading of Qualcomm

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Westerkirk Capital Inc. acquired a new stake in Qualcomm in the 2nd quarter valued at $4,539,000. MASTERINVEST Kapitalanlage GmbH acquired a new position in Qualcomm during the second quarter worth $3,896,000. Inscription Capital LLC lifted its holdings in Qualcomm by 58.1% during the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock valued at $2,172,000 after purchasing an additional 4,799 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Qualcomm by 1.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company’s stock valued at $167,082,000 after purchasing an additional 16,738 shares in the last quarter. Finally, First National Trust Co grew its position in shares of Qualcomm by 9.4% in the third quarter. First National Trust Co now owns 57,687 shares of the wireless technology company’s stock valued at $9,597,000 after purchasing an additional 4,976 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

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.