QUALCOMM (NASDAQ:QCOM) Earns “Buy” Rating from Rosenblatt Securities

QUALCOMM (NASDAQ:QCOM)‘s stock had its “buy” rating reaffirmed by research analysts at Rosenblatt Securities in a research note issued on Thursday,Benzinga reports. They currently have a $225.00 price target on the wireless technology company’s stock. Rosenblatt Securities’ price target indicates a potential upside of 31.66% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. Weiss Ratings upgraded QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an “outperform” rating in a report on Monday, July 28th. Citigroup boosted their price target on QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Finally, Susquehanna increased their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $190.38.

QUALCOMM Stock Down 1.3%

QCOM opened at $170.89 on Thursday. The stock has a fifty day moving average of $167.46 and a 200-day moving average of $157.89. The company has a market capitalization of $183.02 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.59 and a beta of 1.26. QUALCOMM has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. During the same period last year, the firm earned $2.69 earnings per share. QUALCOMM’s revenue for the quarter was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, equities analysts expect that QUALCOMM will post 9.39 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 8,335 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $166.06, for a total value of $1,384,110.10. Following the completion of the transaction, the chief financial officer owned 36,541 shares of the company’s stock, valued at approximately $6,067,998.46. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the sale, the chief executive officer owned 149,304 shares in the company, valued at approximately $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 163,169 shares of company stock worth $26,978,998 in the last ninety days. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On QUALCOMM

Several large investors have recently bought and sold shares of QCOM. Vermillion & White Wealth Management Group LLC raised its holdings in QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 93 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in QUALCOMM by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 65 shares during the last quarter. Cloud Capital Management LLC acquired a new position in QUALCOMM in the 3rd quarter valued at approximately $27,000. Chung Wu Investment Group LLC bought a new position in shares of QUALCOMM during the second quarter valued at $32,000. Finally, Harbor Asset Planning Inc. acquired a new position in shares of QUALCOMM during the second quarter worth $32,000. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Company Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.