Qualcomm Incorporated (NASDAQ:QCOM) Stock Has Consensus Target Price of $204.10

Shares of Qualcomm Incorporated (NASDAQ:QCOM) have earned an average rating of “Hold” from the thirty-eight brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, twenty-one have given a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $204.10.

A number of brokerages have weighed in on QCOM. Freedom Capital upgraded shares of Qualcomm from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. The Goldman Sachs Group set a $160.00 price objective on Qualcomm in a report on Thursday, July 30th. Piper Sandler assumed coverage on Qualcomm in a report on Wednesday, September 9th. They issued a “neutral” rating and a $190.00 target price on the stock. Raymond James Financial started coverage on Qualcomm in a research report on Thursday, June 25th. They set a “strong-buy” rating for the company. Finally, Guggenheim set a $200.00 price target on Qualcomm in a research note on Monday, June 22nd.

Qualcomm Price Performance

QCOM opened at $172.11 on Tuesday. Qualcomm has a 1 year low of $121.99 and a 1 year high of $259.92. The company’s 50 day simple moving average is $175.02 and its 200 day simple moving average is $179.33. The stock has a market capitalization of $183.79 billion, a PE ratio of 19.92, a P/E/G ratio of 3.88 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the company posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, sell-side analysts expect that Qualcomm will post 7.74 EPS for the current year.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm appears to have prevailed in its licensing dispute with Arm. A Delaware jury found that Arm breached its license agreement with Qualcomm, supporting Qualcomm’s position in a dispute that could have affected the company’s ability to use Arm-based designs. The verdict is a potential legal and strategic win, although further proceedings may still be required. Jury finds Arm breached license agreement with Qualcomm
• Positive Sentiment: A renewed Apple licensing agreement improves revenue visibility. Qualcomm’s continued licensing relationship with Apple helps support its high-margin patent-licensing business, even as Apple works to develop more of its own modem technology. Qualcomm renews Apple license
• Positive Sentiment: Qualcomm expanded its 5G licensing coverage with Transsion through 2031. The extended agreement provides longer-term royalty visibility in emerging smartphone markets. Qualcomm, Transsion Extend 5G Patent License Deal
• Positive Sentiment: The company launched an AI-native Wi-Fi 8 gateway. The product combines next-generation connectivity with edge AI computing, supporting Qualcomm’s strategy to diversify beyond smartphones into home broadband and AI-enabled devices. Qualcomm unveils AI-native Wi-Fi 8 gateway
• Neutral Sentiment: Analysts continue to view Qualcomm as a cash-generative wireless technology company with growth opportunities in automotive, AI and other markets, but investors remain focused on the pace of its transition away from handset dependence. Qualcomm: Navigating the shift from handsets to AI
• Negative Sentiment: Sector-wide chip selling is pressuring QCOM. Qualcomm’s legal win has not prevented broader weakness across semiconductor stocks, with investors reducing exposure to chipmakers. Chip selloff following Qualcomm verdict
• Negative Sentiment: Reports that Samsung could replace Qualcomm’s chip in the Galaxy S27 Ultra if thermal issues persist raise concerns about flagship handset share and Qualcomm’s near-term mobile revenue. Samsung may swap Galaxy S27 Ultra chip
• Negative Sentiment: MediaTek’s reported progress toward an AI data-center chip pact with ByteDance highlights increasing competition in Qualcomm’s effort to build an AI and data-center business. ByteDance and MediaTek AI chip pact

Insider Activity

In other Qualcomm news, CAO Patricia Y. Grech sold 208 shares of Qualcomm stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $170.00, for a total transaction of $35,360.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $182.85, for a total transaction of $457,125.00. Following the sale, the executive vice president owned 18,184 shares of the company’s stock, valued at approximately $3,324,944.40. This represents a 12.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 30,958 shares of company stock worth $5,760,494. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

Hedge funds have recently made changes to their positions in the business. Baxter Bros Inc. bought a new position in Qualcomm during the second quarter valued at about $17,844,000. Y Intercept Hong Kong Ltd acquired a new position in Qualcomm in the 2nd quarter valued at approximately $28,068,000. Tensor Edge Capital LLC bought a new stake in shares of Qualcomm in the 2nd quarter worth approximately $147,315,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of Qualcomm by 8.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 48,184 shares of the wireless technology company’s stock worth $8,904,000 after acquiring an additional 3,746 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Qualcomm in the 2nd quarter worth approximately $16,347,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Company Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.