Argus Cuts QUALCOMM (NASDAQ:QCOM) Price Target to $180.00

QUALCOMM (NASDAQ:QCOM) had its price objective reduced by research analysts at Argus from $205.00 to $180.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the wireless technology company’s stock. Argus’ price target would indicate a potential upside of 30.31% from the stock’s current price.

QCOM has been the subject of a number of other reports. JPMorgan Chase & Co. dropped their price target on QUALCOMM from $195.00 to $185.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group reiterated a “neutral” rating on shares of QUALCOMM in a research note on Monday. Zacks Research lowered shares of QUALCOMM from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 price target on shares of QUALCOMM in a research note on Thursday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of QUALCOMM in a research report on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $167.68.

QUALCOMM Trading Up 1.3%

Shares of NASDAQ:QCOM traded up $1.83 during trading on Friday, reaching $138.13. The stock had a trading volume of 6,987,301 shares, compared to its average volume of 10,539,174. QUALCOMM has a 52 week low of $120.80 and a 52 week high of $205.95. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. The firm’s fifty day moving average is $167.75 and its 200 day moving average is $165.06. The stock has a market cap of $147.53 billion, a price-to-earnings ratio of 28.52, a P/E/G ratio of 3.33 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.12. QUALCOMM had a net margin of 11.96% and a return on equity of 43.08%. The business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.16 billion. During the same quarter in the previous year, the business earned $3.41 earnings per share. QUALCOMM’s revenue for the quarter was up 4.7% on a year-over-year basis. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities analysts forecast that QUALCOMM will post 9.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $173.30, for a total transaction of $577,608.90. Following the completion of the sale, the executive vice president owned 38,932 shares in the company, valued at approximately $6,746,915.60. This trade represents a 7.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Patricia Y. Grech sold 203 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $170.00, for a total transaction of $34,510.00. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 39,684 shares of company stock valued at $7,004,088. 0.05% of the stock is owned by company insiders.

Institutional Trading of QUALCOMM

A number of hedge funds and other institutional investors have recently made changes to their positions in QCOM. Norges Bank purchased a new position in QUALCOMM during the second quarter worth about $2,713,603,000. Wellington Management Group LLP boosted its position in shares of 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 last quarter. Amundi grew its holdings in shares of QUALCOMM by 38.2% during the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after purchasing an additional 3,186,524 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of QUALCOMM by 36.8% in the third quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock worth $1,090,025,000 after purchasing an additional 1,764,252 shares during the last quarter. Finally, Viking Global Investors LP raised its stake in QUALCOMM by 120.1% in the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after purchasing an additional 1,720,529 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM News Summary

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: QCOM beat expectations for fiscal Q1 — EPS topped estimates and revenue was roughly in line, driven by strength in automotive and handset businesses, giving investors a reason to buy the dip. Read More.
• Positive Sentiment: Management and the CEO stressed the problem is a memory supply constraint rather than weak handset demand, implying sales should recover once memory availability improves. Read More.
• Positive Sentiment: Some sell‑side firms remain constructive or keep overweight/buy stances even while trimming targets, supporting the case for a rebound if supply conditions normalize. Read More.
• Neutral Sentiment: Qualcomm issued Q2 FY26 guidance (EPS 2.45–2.65; revenue $10.2–$11.0B), below consensus — the guidance is the catalyst for volatility but contains a range that leaves outcomes data‑dependent. Read More.
• Neutral Sentiment: Earnings call transcript and slides are available for investors who want the granular color on end‑market timing, inventory dynamics and product mix. Read More.
• Negative Sentiment: The stock plunged after the report as the memory‑driven outlook forced investors to mark down near‑term growth; headlines cited a >10% drop when guidance landed below estimates. Read More.
• Negative Sentiment: Multiple analysts cut price targets/ratings following the cautious outlook (Evercore, Bank of America, Mizuho and others), increasing near‑term selling pressure and signaling less bullish consensus near term. Read More.
• Negative Sentiment: Macro/structural concern: commentary and analysis warn that Qualcomm’s long‑term diversification story hasn’t yet offset handset exposure — some commentators view the report as a structural warning rather than a transient hiccup. Read More.

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.