Qualcomm Incorporated (NASDAQ:QCOM) Given Average Rating of “Hold” by Brokerages

Shares of Qualcomm Incorporated (NASDAQ:QCOM) have been given an average rating of “Hold” by the thirty-four ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fifteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $184.2857.

Several research firms have commented on QCOM. Zacks Research upgraded Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Seaport Research Partners restated a “sell” rating and set a $100.00 price target on shares of Qualcomm in a report on Monday, March 16th. Craig Hallum upgraded shares of Qualcomm to a “buy” rating in a report on Friday, May 8th. TD Cowen lifted their target price on shares of Qualcomm from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $190.00 target price on shares of Qualcomm in a report on Thursday, April 30th.

Insider Buying and Selling

In related news, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at $35,562,240. This trade represents a 4.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $197.35, for a total value of $493,375.00. Following the transaction, the executive vice president directly owned 25,684 shares in the company, valued at $5,068,737.40. The trade was a 8.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 21,806 shares of company stock valued at $3,928,958. Company insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Qualcomm in the 4th quarter worth about $2,591,056,000. Wellington Management Group LLP boosted its position in shares of Qualcomm by 141.8% during the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock valued at $2,069,059,000 after purchasing an additional 7,292,783 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Qualcomm by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after purchasing an additional 3,221,924 shares in the last quarter. Invesco Ltd. grew its stake in Qualcomm by 28.1% during the fourth quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock worth $2,163,030,000 after purchasing an additional 2,771,490 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Qualcomm by 36.8% during the third quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock worth $1,090,025,000 after purchasing an additional 1,764,252 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm launched a new AI data center program with a major hyperscaler, signaling a meaningful expansion into AI infrastructure beyond smartphones and PCs, with initial shipments expected in the December quarter. Qualcomm (QCOM) Launches New AI Data Center Program With A Major Hyperscaler
• Positive Sentiment: Reports that Qualcomm is in talks to acquire AI chip startup Tenstorrent are fueling optimism that the company is strengthening its AI strategy and broadening its data-center ambitions. Qualcomm in talks to buy Tenstorrent, The Information reports
• Positive Sentiment: Qualcomm said it is developing more than 40 AI-powered devices, including wearables and other next-generation products, supporting the view that it is building growth opportunities beyond handsets. Qualcomm CEO says AI agents will replace apps — as chip giant works on 40 new AI-powered devices
• Neutral Sentiment: Analysts and market commentary highlighted Qualcomm as a contender in the growing AI server CPU market, which may help investor sentiment but does not yet change fundamentals on its own. Focus on 5 AI Behemoths Carving a Niche in the Server CPU Chip Market
• Negative Sentiment: Despite the AI optimism, Qualcomm was also noted as having slipped more than the broader market in the latest session, reflecting some near-term volatility. Qualcomm (QCOM) Dips More Than Broader Market: What You Should Know

Qualcomm Price Performance

Shares of Qualcomm stock traded up $4.97 during midday trading on Wednesday, hitting $219.04. 1,611,214 shares of the company traded hands, compared to its average volume of 16,134,451. The firm’s fifty day moving average price is $188.06 and its 200-day moving average price is $165.60. The stock has a market cap of $230.87 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 27.32 and a beta of 1.59. Qualcomm has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, sell-side analysts forecast that Qualcomm will post 8 earnings per share for the current year.

Qualcomm Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.92 dividend. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s payout ratio is presently 40.00%.

Qualcomm announced that its Board of Directors has authorized a stock repurchase 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 reacquire up to 14.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.