QUALCOMM (NASDAQ:QCOM) Downgraded to “Neutral” Rating by Bank of America

QUALCOMM (NASDAQ:QCOM) was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday. They presently have a $155.00 price target on the wireless technology company’s stock. Bank of America‘s price objective points to a potential upside of 4.10% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Cantor Fitzgerald decreased their target price on QUALCOMM from $185.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday. Zacks Research lowered QUALCOMM from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Mizuho decreased their target price on shares of QUALCOMM from $175.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. Finally, Susquehanna set a $210.00 price target on QUALCOMM in a research report on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, QUALCOMM has an average rating of “Hold” and a consensus price target of $185.17.

QUALCOMM Trading Up 1.2%

NASDAQ:QCOM opened at $148.89 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10. QUALCOMM has a 1 year low of $120.80 and a 1 year high of $205.95. The company has a market cap of $159.02 billion, a P/E ratio of 30.45, a P/E/G ratio of 3.29 and a beta of 1.22. The stock’s fifty day moving average price is $168.32 and its two-hundred day moving average price is $165.27.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. During the same quarter in the previous year, the firm earned $3.41 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, analysts expect that QUALCOMM will post 9.39 EPS for the current year.

Insider Buying and Selling at QUALCOMM

In other news, EVP Ann C. Chaplin sold 7,180 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the transaction, the executive vice president owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. The trade was a 23.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the transaction, the executive vice president owned 26,071 shares in the company, valued at approximately $4,640,898.71. This represents a 37.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 44,820 shares of company stock valued at $7,883,482. 0.05% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QUALCOMM

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of QUALCOMM by 0.3% in the second quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company’s stock worth $18,260,635,000 after buying an additional 290,799 shares during the last quarter. State Street Corp raised its stake in shares of QUALCOMM by 0.8% in the second quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock worth $8,547,014,000 after purchasing an additional 420,352 shares during the last quarter. Norges Bank purchased a new stake in QUALCOMM in the second quarter valued at approximately $2,713,603,000. Amundi raised its position in QUALCOMM by 9.9% during the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock worth $2,136,486,000 after buying an additional 1,138,541 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in QUALCOMM by 141.8% during the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock valued at $2,069,059,000 after acquiring an additional 7,292,783 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM News Roundup

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Q1 results beat expectations — QCOM reported $3.50 EPS and $12.25B revenue, topping EPS and roughly matching revenue consensus, showing resilience in core handset and licensing businesses. Earnings report
• Positive Sentiment: Longer-term growth drivers remain: management highlighted expansion beyond handsets (Open RAN, AI, automotive/data-center opportunities) and analysts point to strong cash flow that supports buybacks/dividends. Business expansion article
• Neutral Sentiment: Street ratings are mixed but tilted toward buys — MarketBeat shows 11 buys, 7 holds and 2 sells among 20 brokers, implying varied near-term views. Analyst consensus
• Neutral Sentiment: Earnings call and materials available for detail — investors can review the transcript and slides to parse segment-level trends and management commentary. Earnings call transcript
• Negative Sentiment: Cautionary Q2 guidance — QCOM issued EPS guidance of $2.45–$2.65 and revenue guidance $10.2B–$11.0B, below consensus (EPS ~2.66; revenue ~$11.1B), signalling near-term weakness tied to handset inventory and memory constraints. Guidance and memory shortage
• Negative Sentiment: Memory-chip shortage is the proximate cause of the sell-off — analysts and management said limited memory supply will suppress smartphone shipments and chipset demand, prompting the market reaction and pressuring peers like Arm. Market reaction coverage

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.