Qualcomm (NASDAQ:QCOM) Stock Price Up 2% After Analyst Upgrade

Qualcomm Incorporated (NASDAQ:QCOM)’s stock price rose 2% during mid-day trading on Wednesday after Dbs Bank upgraded the stock to a moderate buy rating. The stock traded as high as $187.12 and last traded at $186.56. 10,259,783 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 17,033,990 shares. The stock had previously closed at $182.97.

Other analysts have also issued research reports about the company. Cantor Fitzgerald set a $220.00 price target on Qualcomm and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Citigroup upped their price objective on shares of Qualcomm from $160.00 to $198.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Summit Insights raised shares of Qualcomm from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. TD Cowen reaffirmed a “buy” rating and set a $200.00 target price on shares of Qualcomm in a research note on Thursday, June 25th. Finally, Rosenblatt Securities boosted their price target on shares of Qualcomm from $190.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $220.45.

Insider Transactions at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the sale, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 company’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $130.34, for a total transaction of $325,850.00. Following the completion of the sale, the executive vice president directly owned 30,684 shares in the company, valued at $3,999,352.56. This represents a 7.53% 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 sold 21,721 shares of company stock worth $3,918,290. Corporate insiders own 0.05% of the company’s stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Several recent pieces argue Qualcomm has meaningful upside, including a bullish valuation case that projects a much higher share price and describes the company’s data center pivot and automotive business as still underappreciated. The Road To $380 For Qualcomm Stock
• Positive Sentiment: Analysts and commentary highlighted Qualcomm’s expanding AI-focused semiconductor portfolio, especially for data centers, servers, and emerging AI markets, which supports the stock’s longer-term growth narrative versus peers like Monolithic Power Systems. Monolithic vs. Qualcomm: Which Semiconductor Stock Has More Upside?
• Positive Sentiment: Qualcomm was described as a “bullish opportunity” by options-focused commentary, suggesting traders are seeing a favorable setup after recent weakness. Qualcomm Stock Low Presents Bullish Opportunity
• Positive Sentiment: Bernstein commentary said AI demand is accelerating across chips and memory, lifting sentiment for Qualcomm alongside other semiconductor names as investors expect stronger industry demand. MU, AMD, MRVL, QCOM Stocks Surge — Bernstein’s Stacy Rasgon Says AI Demand Is Exploding, Memory Capacity Is ‘Very Tight’
• Positive Sentiment: Qualcomm’s automotive segment continues to show strong momentum, with record revenue and accelerating adoption of Snapdragon Digital Chassis, reinforcing confidence in non-smartphone growth. Will Qualcomm’s Automotive Business Continue Driving Top-Line Growth?
• Neutral Sentiment: Qualcomm’s removal from certain Russell growth and defensive indices may create temporary fund-flow pressure, but investors are also watching its new on-device AI deepfake detection partnership as evidence of strategic expansion beyond smartphones. How Investors Are Reacting To QUALCOMM (QCOM) Index Removal And New On-Device AI Deepfake Partnership
• Neutral Sentiment: One report noted Qualcomm underperformed some peers on a recent trading day despite gains, suggesting the stock is still in a choppy relative-performance phase. Qualcomm Inc. stock underperforms Wednesday when compared to competitors despite daily gains

Institutional Trading of Qualcomm

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Qualcomm by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock valued at $19,524,350,000 after acquiring an additional 647,076 shares in the last quarter. Geode Capital Management LLC boosted its stake in Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares in the last quarter. Wellington Management Group LLP grew its position in Qualcomm by 34.5% during the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock valued at $2,861,301,000 after purchasing an additional 4,290,622 shares during the last quarter. Norges Bank purchased a new stake in Qualcomm during the 4th quarter valued at about $2,591,056,000. Finally, Amundi increased its stake in Qualcomm by 9.9% during the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after purchasing an additional 1,138,541 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Stock Performance

The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $199.37 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 5.55 and a beta of 1.63. The business’s 50 day simple moving average is $208.93 and its two-hundred day simple moving average is $168.21.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts anticipate that Qualcomm Incorporated will post 7.96 EPS for the current fiscal year.

Qualcomm announced that its board has approved a share buyback program on Tuesday, March 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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.