Qualcomm (NASDAQ:QCOM) Shares Up 1.3% on Analyst Upgrade

Shares of Qualcomm Incorporated (NASDAQ:QCOM) rose 1.3% during mid-day trading on Tuesday after TD Cowen raised their price target on the stock from $175.00 to $200.00. TD Cowen currently has a buy rating on the stock. Qualcomm traded as high as $177.05 and last traded at $175.71. 6,796,333 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 15,194,509 shares. The stock had previously closed at $173.53.

A number of other analysts have also weighed in on QCOM. Piper Sandler began coverage on shares of Qualcomm in a report on Wednesday, September 9th. They set a “neutral” rating and a $190.00 target price for the company. Sanford C. Bernstein restated a “market perform” rating on shares of Qualcomm in a report on Wednesday, September 9th. Wells Fargo & Company lowered their price target on Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Robert W. Baird set a $400.00 price objective on Qualcomm in a report on Thursday, July 30th. Finally, Benchmark cut their price objective on Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Qualcomm has an average rating of “Hold” and a consensus target price of $204.97.

Insiders Place Their Bets

In other news, EVP Heather Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano Amon sold 10,000 shares of Qualcomm stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the sale, the chief executive officer directly owned 177,568 shares in the company, valued at $35,513,600. The trade was a 5.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 30,958 shares of company stock worth $5,760,494. Company insiders own 0.05% of the company’s stock.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: TD Cowen raised its price target to $200 and upgraded Qualcomm to “Buy,” implying approximately 14% upside from recent levels. The call reinforces confidence in Qualcomm’s valuation and growth prospects. TD Cowen Qualcomm price-target report
• Positive Sentiment: Qualcomm’s planned acquisition of PickNik Robotics could accelerate its push into physical AI, robotics software and the Dragonwing edge-computing ecosystem. Investors may view the deal as a way to diversify beyond smartphones and create longer-term growth opportunities. Qualcomm PickNik acquisition article
• Positive Sentiment: Qualcomm is being highlighted as a potential beneficiary of the next phase of AI investment, as spending broadens from leading GPU suppliers toward other semiconductor companies and edge-AI providers. Its cash generation and dividend growth also support the stock’s income-investment case. AI trade semiconductor stocks article
• Positive Sentiment: Qualcomm pushed back against reports of Snapdragon overheating associated with Samsung’s Galaxy S27 Ultra, potentially limiting concerns about product quality and customer relationships. Snapdragon overheating report
• Neutral Sentiment: Qualcomm disclosed $610,000 in third-quarter lobbying focused on trade controls, wireless technology, patents and intellectual-property legislation. The spending could influence its regulatory environment but has no immediate earnings impact. Qualcomm lobbying update
• Negative Sentiment: Qualcomm plans worldwide job cuts following performance-focused employee reviews, with layoffs expected to begin in November. Cost savings could improve efficiency, but the announcement also signals management pressure to improve performance and may raise concerns about execution and employee morale. Reuters Qualcomm workforce cuts report
• Negative Sentiment: ETFs were reported to be net sellers of QCOM, while company insiders—including the CEO and CFO—have recorded open-market sales without reported purchases in recent months. These flows may weigh on near-term sentiment, although they do not necessarily indicate a change in business fundamentals. ETF Qualcomm selling report

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in QCOM. Baxter Bros Inc. purchased a new position in Qualcomm in the second quarter worth about $17,844,000. Y Intercept Hong Kong Ltd bought a new stake in Qualcomm during the second quarter worth approximately $28,068,000. Tensor Edge Capital LLC bought a new stake in Qualcomm during the second quarter worth approximately $147,315,000. Envestnet Portfolio Solutions Inc. raised its position in Qualcomm by 8.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 48,184 shares of the wireless technology company’s stock valued at $8,904,000 after purchasing an additional 3,746 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Qualcomm during the second quarter valued at approximately $16,347,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Price Performance

The firm has a market capitalization of $187.63 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 3.88 and a beta of 1.65. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $175.25 and a 200-day moving average price of $180.01.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results 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). The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

About Qualcomm

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.