Qualcomm (NASDAQ:QCOM – Free Report) had its price objective upped by JPMorgan Chase & Co. from $140.00 to $160.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the wireless technology company’s stock.
Other analysts have also recently issued research reports about the stock. Mizuho dropped their price objective on shares of Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. BNP Paribas Exane cut shares of Qualcomm to a “neutral” rating in a research note on Wednesday. Argus dropped their price objective on shares of Qualcomm from $205.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Barclays upped their price objective on shares of Qualcomm from $130.00 to $150.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, DZ Bank raised shares of Qualcomm to a “strong-buy” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $165.88.
Read Our Latest Stock Analysis on QCOM
Qualcomm Stock Up 15.1%
Qualcomm (NASDAQ:QCOM – Get Free Report) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 43.63%. The business had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter in the previous year, the company earned $2.85 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities analysts forecast that Qualcomm will post 8.21 earnings per share for the current fiscal year.
Qualcomm announced that its board has authorized a stock repurchase plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Qualcomm Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders 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. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 2.0%. Qualcomm’s dividend payout ratio is currently 40.00%.
Insider Activity
In other news, CAO Patricia Y. Grech sold 192 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $172.00, for a total value of $33,024.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,310 shares of company stock valued at $1,266,729 in the last 90 days. Company insiders own 0.05% of the company’s stock.
Institutional Trading of Qualcomm
Several hedge funds have recently made changes to their positions in QCOM. Your Advocates Ltd. LLP acquired a new stake in shares of Qualcomm during the first quarter valued at about $26,000. Cloud Capital Management LLC purchased a new position in shares of Qualcomm during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. boosted its position in shares of Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 80 shares during the period. Torren Management LLC purchased a new position in shares of Qualcomm during the 4th quarter worth approximately $29,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.
More Qualcomm News
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Q2 beat on EPS (reported $2.65 vs. ~ $2.56 consensus), with automotive and licensing strength helping offset modest revenue weakness; the quarter and commentary were the immediate catalyst for the rally. Read More.
- Positive Sentiment: CEO Cristiano Amon said Qualcomm will begin shipping custom data‑center chips to a “large hyperscaler” within the calendar year — investors treated this as a major AI/data‑center growth signal. Read More.
- Positive Sentiment: Several brokerages raised targets and ratings after the report (Benchmark raised its target to $225 with a Buy; multiple firms lifted targets to ~$160), supporting upside expectations from Wall Street. Read More.
- Neutral Sentiment: Qualcomm’s Q2 revenue was roughly in line (~$10.6B) but down year‑over‑year; the market is parsing strong per‑share profitability versus a softer top line. Read More.
- Neutral Sentiment: Technicals and momentum favor further upside in the near term (analysts/technicals note potential breakout), which may amplify moves while sentiment remains positive. Read More.
- Negative Sentiment: Guidance disappointed: Q3 EPS guidance (2.10–2.30) and revenue guide ($9.2B–$10.0B) came in below consensus, reflecting memory‑supply constraints — a reason for caution on near‑term growth. Read More.
- Negative Sentiment: Not all upgrades are uniformly bullish: JPMorgan set a $160 target with a “neutral” rating (below current levels), and some analysts trimmed FY estimates — showing lingering valuation/near‑term risk. Read More.
About Qualcomm
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.
Further Reading
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