Qualcomm’s (QCOM) “Buy” Rating Reiterated at TD Cowen

Qualcomm (NASDAQ:QCOM)‘s stock had its “buy” rating reiterated by stock analysts at TD Cowen in a report released on Thursday,Benzinga reports. They currently have a $200.00 price objective on the wireless technology company’s stock. TD Cowen’s target price suggests a potential downside of 2.75% from the company’s current price.

QCOM has been the subject of a number of other reports. Robert W. Baird set a $300.00 price objective on shares of Qualcomm in a research report on Friday, May 1st. Guggenheim set a $200.00 price objective on Qualcomm in a report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 target price on shares of Qualcomm in a research report on Thursday, April 30th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Qualcomm in a research note on Thursday. Finally, Seaport Research Partners reissued a “sell” rating and set a $100.00 price target on shares of Qualcomm in a report on Monday, March 16th. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $206.90.

Qualcomm Stock Performance

NASDAQ:QCOM traded up $8.24 during mid-day trading on Thursday, hitting $205.65. The stock had a trading volume of 14,177,881 shares, compared to its average volume of 16,589,307. Qualcomm has a twelve month low of $121.99 and a twelve month high of $259.92. The stock has a market cap of $216.75 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 25.36 and a beta of 1.59. The company’s 50 day simple moving average is $198.52 and its 200 day simple moving average is $167.48. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate 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 quarter 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. On average, equities research analysts forecast that Qualcomm will post 7.97 earnings per share for the current year.

Qualcomm announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s 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 transaction, the executive vice president directly owned 30,684 shares of the company’s stock, valued at approximately $3,999,352.56. This trade represents a 7.53% 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. Insiders have sold 21,806 shares of company stock worth $3,928,958 in the last quarter. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

Hedge funds have recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after purchasing an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Qualcomm by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after buying an additional 340 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Qualcomm by 44.3% in the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after buying an additional 1,020 shares in the last quarter. Main Street Financial Solutions LLC boosted its stake in Qualcomm by 6.1% in the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock valued at $920,000 after buying an additional 333 shares in the last quarter. Finally, Transamerica Financial Advisors LLC grew its position in Qualcomm by 9.7% in the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock valued at $1,083,000 after acquiring an additional 603 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

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.