Qualcomm (NASDAQ:QCOM) Price Target Cut to $235.00 by Analysts at Rosenblatt Securities

Qualcomm (NASDAQ:QCOM) had its target price dropped by investment analysts at Rosenblatt Securities from $265.00 to $235.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the wireless technology company’s stock. Rosenblatt Securities’ target price points to a potential upside of 50.95% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada lifted their target price on shares of Qualcomm from $175.00 to $250.00 and gave the company a “sector perform” rating in a research note on Thursday, June 25th. BNP Paribas Exane cut Qualcomm to a “neutral” rating in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their price objective on Qualcomm from $230.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Lake Street Capital lowered shares of Qualcomm to a “hold” rating in a research report on Thursday, June 25th. Finally, Guggenheim set a $200.00 price objective on Qualcomm in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $226.23.

Qualcomm Trading Down 4.4%

NASDAQ QCOM opened at $155.68 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 1-year low of $121.99 and a 1-year high of $259.92. The firm’s fifty day simple moving average is $201.26 and its 200-day simple moving average is $167.94. The company has a market capitalization of $164.09 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 4.84 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period in the previous year, the business posted $2.77 EPS. Qualcomm’s revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, sell-side analysts anticipate that Qualcomm will post 7.98 earnings per share for the current fiscal year.

Insider Transactions at Qualcomm

In related news, CAO Patricia Y. Grech sold 829 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 that occurred on Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total transaction of $529,750.00. Following the completion of the transaction, the executive vice president owned 28,184 shares of the company’s stock, valued at $5,972,189.60. This trade represents a 8.15% 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 21,529 shares of company stock worth $4,011,441 in the last ninety days. 0.05% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QCOM. Brighton Jones LLC boosted its stake in 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 during the period. Revolve Wealth Partners LLC increased its stake in Qualcomm by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after acquiring an additional 340 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Qualcomm by 44.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after purchasing an additional 1,020 shares during the last quarter. Main Street Financial Solutions LLC raised its stake in Qualcomm by 6.1% during the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock worth $920,000 after acquiring an additional 333 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its position in Qualcomm by 9.7% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock worth $1,083,000 after purchasing an additional 603 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm secured a long-term agreement to become BMW Group’s lead compute-silicon provider for digital cockpits and advanced driver-assistance systems through the next decade. The deal supports growth in automotive and reduces reliance on smartphones. Qualcomm wins BMW chip supply deal
• Positive Sentiment: The completed all-stock acquisition of Modular adds AI-native software for optimizing generative and agentic AI workloads across edge, cloud and data-center systems, supporting Qualcomm’s broader AI expansion strategy. Qualcomm completes acquisition of Modular
• Positive Sentiment: Quarterly revenue of $9.95 billion exceeded the $9.69 billion consensus estimate, while automotive growth and continued efforts to diversify beyond handsets provide longer-term support. Qualcomm Q3 highlights

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.