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

Qualcomm (NASDAQ:QCOM)‘s stock had its “buy” rating reiterated by investment analysts at Rosenblatt Securities in a note issued to investors on Wednesday, Benzinga reports. They currently have a $235.00 price target on the wireless technology company’s stock. Rosenblatt Securities’ target price would indicate a potential upside of 34.99% from the company’s previous close.

QCOM has been the subject of several other reports. Morgan Stanley decreased their target price on Qualcomm from $231.00 to $220.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Barclays reaffirmed an “underweight” rating on shares of Qualcomm in a research note on Wednesday. Sanford C. Bernstein restated a “market perform” rating on shares of Qualcomm in a research report on Wednesday. The Goldman Sachs Group set a $160.00 price objective on Qualcomm in a research report on Thursday, July 30th. Finally, Freedom Capital raised shares of Qualcomm from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $203.76.

Qualcomm Trading Up 3.2%

QCOM stock opened at $174.09 on Wednesday. The business has a fifty day moving average price of $168.43 and a 200 day moving average price of $170.26. Qualcomm has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The stock has a market capitalization of $182.84 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 3.52 and a beta of 1.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the previous year, the firm earned $2.77 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts expect that Qualcomm will post 7.74 EPS for the current fiscal year.

Insider Activity at Qualcomm

In related news, CAO Patricia Y. Grech sold 208 shares of Qualcomm stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $35,360.00. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the transaction, the executive vice president owned 20,684 shares in the company, valued at approximately $3,376,869.84. This trade represents a 10.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,533 shares of company stock valued at $1,961,219 in the last 90 days. 0.05% of the stock is owned by corporate insiders.

Institutional Trading of Qualcomm

A number of institutional investors and hedge funds have recently modified their holdings of QCOM. California State Teachers Retirement System boosted its holdings in shares of Qualcomm by 18,251.8% in the 2nd quarter. California State Teachers Retirement System now owns 301,278,659 shares of the wireless technology company’s stock worth $55,673,283,000 after buying an additional 299,636,973 shares during the last quarter. BlackRock Inc. bought a new position in shares of Qualcomm during the 2nd quarter valued at approximately $17,583,115,000. Norges Bank purchased a new stake in shares of Qualcomm during the 4th quarter worth approximately $2,591,056,000. Bank of New York Mellon Corp bought a new stake in shares of Qualcomm in the 2nd quarter worth approximately $1,523,930,000. Finally, Deutsche Bank AG purchased a new stake in Qualcomm in the second quarter worth $1,178,349,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon AI infrastructure partnership: Qualcomm and Amazon plan to develop customized chips for large-scale AI data centers, initially targeting AI inference workloads. Qualcomm’s optical connectivity technology will also support high-bandwidth data-center interconnects. The agreement gives Qualcomm a major cloud customer and an important validation of its ability to compete in AI infrastructure. Qualcomm Amazon collaboration announcement
• Positive Sentiment: New growth avenue beyond smartphones: The deal, described in coverage as potentially representing roughly $60 billion over multiple generations, prompted analysts to reassess Qualcomm’s growth outlook. Investors see AWS demand as a path toward diversifying revenue while Qualcomm’s mobile-device business matures. Qualcomm partners with Amazon in data center infrastructure deal
• Positive Sentiment: Long-term valuation upside: One analyst argued that the market is valuing QCOM primarily on a stagnant handset business, while potential data-center and robotics revenue is being overlooked. The analyst expects data-center revenue to begin scaling from 2027, with Meta also cited as a potential anchor customer. Qualcomm AI data center opportunity analysis

Qualcomm Company Profile

Qualcomm Incorporated (NASDAQ: QCOM) is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.