QUALCOMM (NASDAQ:QCOM) Downgraded to “Neutral” Rating by Daiwa Securities Group

QUALCOMM (NASDAQ:QCOM) was downgraded by investment analysts at Daiwa Securities Group from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They currently have a $140.00 price target on the wireless technology company’s stock. Daiwa Securities Group’s price objective would suggest a potential downside of 0.06% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Zacks Research downgraded shares of QUALCOMM from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. UBS Group reissued a “neutral” rating on shares of QUALCOMM in a research note on Monday, February 2nd. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Rosenblatt Securities reduced 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. Finally, TD Cowen decreased their price objective on QUALCOMM from $190.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, QUALCOMM currently has an average rating of “Hold” and an average target price of $164.67.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $140.09 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $149.48 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 6.80 and a beta of 1.22. QUALCOMM has a twelve month low of $120.80 and a twelve month high of $205.95. The business has a 50 day simple moving average of $165.94 and a 200-day simple moving average of $164.73.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $12.16 billion. During the same quarter in the previous year, the company posted $3.41 earnings per share. The firm’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, equities research analysts expect that QUALCOMM will post 9.39 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Akash J. Palkhiwala sold 10,000 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the completion of the sale, the executive vice president owned 44,803 shares in the company, valued at approximately $7,845,901.36. This represents a 18.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann C. Chaplin sold 7,180 shares of QUALCOMM stock in a transaction on 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. The trade was a 23.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 46,217 shares of company stock worth $7,901,275. 0.05% of the stock is owned by insiders.

Institutional Investors Weigh In On QUALCOMM

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC grew its position in QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after purchasing an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after acquiring an additional 340 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of QUALCOMM by 44.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after acquiring an additional 1,020 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in shares of QUALCOMM by 4.6% in the second quarter. Axxcess Wealth Management LLC now owns 30,444 shares of the wireless technology company’s stock worth $4,848,000 after acquiring an additional 1,348 shares during the last quarter. Finally, Morningstar Investment Management LLC purchased a new stake in shares of QUALCOMM during the second quarter worth $347,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

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.