TD Cowen Lowers Qualcomm (NASDAQ:QCOM) Price Target to $175.00

Qualcomm (NASDAQ:QCOM) had its price target cut by research analysts at TD Cowen from $225.00 to $175.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the wireless technology company’s stock. TD Cowen’s price target points to a potential upside of 14.52% from the stock’s current price.

A number of other research analysts also recently commented on the company. HSBC reaffirmed a “hold” rating on shares of Qualcomm in a research note on Wednesday, July 15th. DZ Bank raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a report on Friday, June 26th. The Goldman Sachs Group set a $160.00 target price on shares of Qualcomm in a research report on Thursday. Rosenblatt Securities cut their price target on shares of Qualcomm from $265.00 to $235.00 and set a “buy” rating for the company in a report on Thursday. Finally, Susquehanna lifted their price objective on shares of Qualcomm from $160.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $210.73.

Qualcomm Price Performance

Shares of NASDAQ QCOM traded down $2.87 during midday trading on Thursday, reaching $152.81. The company’s stock had a trading volume of 12,229,001 shares, compared to its average volume of 16,518,676. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The company has a market cap of $161.07 billion, a P/E ratio of 16.58, a P/E/G ratio of 4.84 and a beta of 1.63. The business’s 50 day moving average price is $201.26 and its two-hundred day moving average price is $167.94. Qualcomm has a fifty-two week low of $121.99 and a fifty-two week high of $259.92.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.Qualcomm’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts forecast that Qualcomm will post 7.98 EPS for the current fiscal year.

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the business’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 sale, the chief executive officer directly owned 197,568 shares in the company, valued at approximately $35,562,240. The trade was a 4.82% decrease in their position. 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 90 days, insiders sold 21,529 shares of company stock valued at $4,011,441. Company insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Qualcomm

A number of hedge funds and other institutional investors have recently bought and sold shares of QCOM. Richardson Financial Services Inc. raised its position in Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after purchasing an additional 80 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Qualcomm during the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Qualcomm by 17,000.0% during the fourth 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 last quarter. Birchwood Financial Partners Inc. bought a new stake in shares of Qualcomm during the fourth quarter worth about $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of Qualcomm in the fourth quarter valued at approximately $32,000. Institutional investors own 74.35% of the company’s stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Automotive growth remains a major long-term catalyst. Qualcomm reported record automotive revenue, raised its automotive outlook to $7 billion, and secured a multiyear agreement to supply BMW’s digital cockpit and advanced driver-assistance platforms through the next decade. Qualcomm wins BMW chip supply deal
• Positive Sentiment: Qualcomm is expanding beyond smartphones into AI and data centers. Management is targeting $40 billion in non-handset revenue by fiscal 2029, supported by its acquisition of AI software company Modular and plans to build AI solutions from the edge to the cloud. QCOM Q3 Earnings Call Highlights AI Expansion
• Neutral Sentiment: Analysts remain divided but still see substantial valuation upside. Rosenblatt reduced its price target to $235 while retaining a Buy rating; Morgan Stanley lowered its target to $220 and maintained Equal Weight. The average brokerage view was reported as Hold.
• Negative Sentiment: Fourth-quarter guidance disappointed investors. Qualcomm forecast adjusted EPS of $2.05–$2.25 versus a $2.23 consensus estimate, although revenue guidance of $9.7–$10.5 billion was broadly consistent with expectations. Qualcomm shares slide as higher costs and Apple weakness cloud profit forecast
• Negative Sentiment: Recent earnings showed declining profitability. Fiscal third-quarter EPS was $2.21, slightly below estimates and down from $2.77 a year earlier; revenue of $9.95 billion was up against estimates but declined 4% year over year. Handset revenue fell about 20%, while higher memory costs and anticipated Apple-related weakness threaten the company’s core business.

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.