Qualcomm (NASDAQ:QCOM) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Qualcomm (NASDAQ:QCOM) had its price objective hoisted by investment analysts at Rosenblatt Securities from $190.00 to $265.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the wireless technology company’s stock. Rosenblatt Securities’ target price points to a potential upside of 35.13% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Benchmark lifted their price target on shares of Qualcomm from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Robert W. Baird set a $300.00 price objective on shares of Qualcomm in a research report on Friday, May 1st. Freedom Capital downgraded shares of Qualcomm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $235.00 target price on shares of Qualcomm in a research note on Thursday. Fourteen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $202.59.

Qualcomm Stock Performance

Shares of QCOM stock opened at $196.11 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. Qualcomm has a 12-month low of $121.99 and a 12-month high of $259.92. The business’s 50 day moving average is $198.52 and its two-hundred day moving average is $167.48. The company has a market capitalization of $206.70 billion, a P/E ratio of 21.32, a P/E/G ratio of 25.36 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data 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 business had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business’s revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts expect that Qualcomm will post 7.97 EPS for the current fiscal year.

Qualcomm declared that its board has approved a stock buyback 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 purchase up to 14.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $130.34, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 21,806 shares of company stock worth $3,928,958. Company insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

Several large investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in Qualcomm by 24.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,975,238 shares of the wireless technology company’s stock worth $383,151,000 after purchasing an additional 589,717 shares in the last quarter. Southern Financial Group LLC grew its position in shares of Qualcomm by 11.8% in the first quarter. Southern Financial Group LLC now owns 2,596 shares of the wireless technology company’s stock valued at $334,000 after purchasing an additional 274 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its position in shares of Qualcomm by 2.3% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 29,713 shares of the wireless technology company’s stock valued at $3,826,000 after purchasing an additional 665 shares in the last quarter. Chelsea Counsel Co. lifted its position in Qualcomm by 12.0% during the first quarter. Chelsea Counsel Co. now owns 6,518 shares of the wireless technology company’s stock worth $839,000 after buying an additional 700 shares in the last quarter. Finally, CoreFirst Bank & Trust boosted its stake in Qualcomm by 17.3% during the first quarter. CoreFirst Bank & Trust now owns 712 shares of the wireless technology company’s stock worth $92,000 after buying an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm raised its long-term non-handset revenue target sharply and laid out a data center AI roadmap, signaling a bigger and faster diversification push beyond mobile chips. Qualcomm Accelerates Diversification with Comprehensive Strategy for Data Center and Sees Multiple Inflection Points Over the Next 3 to 5 Years
• Positive Sentiment: The company announced a strategic multi-generation CPU agreement with Meta, giving investors a high-profile validation of its data center ambitions. Qualcomm and Meta Announce Strategic Multi-Generation Agreement on Data Center CPUs
• Positive Sentiment: Qualcomm also unveiled a broader “Dragonfly” data center portfolio and new AI infrastructure products, reinforcing expectations that it can compete in the fast-growing agentic AI market. Qualcomm Unveils Comprehensive Data Center Roadmap for the Agentic AI Era with New Qualcomm Dragonfly Portfolio
• Positive Sentiment: Reports that Qualcomm is in talks to provide chip-design services to ByteDance added to the view that it can expand into new custom silicon and design services markets. Qualcomm in talks to provide custom chip-design services to ByteDance, sources say
• Positive Sentiment: Reuters reported that Qualcomm’s stronger forecasts helped fuel a broad AI-chip rally, with investors encouraged by signs of renewed demand and improved growth visibility. Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally

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.