Qualcomm (NASDAQ:QCOM) Given Buy Rating at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Qualcomm (NASDAQ:QCOM) in a report released on Thursday,Benzinga reports. Rosenblatt Securities currently has a $190.00 price target on the wireless technology company’s stock.

Other analysts also recently issued research reports about the stock. Seaport Research Partners reaffirmed a “sell” rating and issued a $100.00 target price on shares of Qualcomm in a report on Monday, March 16th. The Goldman Sachs Group assumed coverage on shares of Qualcomm in a report on Monday, March 30th. They issued a “neutral” rating and a $135.00 target price on the stock. DZ Bank raised shares of Qualcomm to a “strong-buy” rating in a report on Tuesday, February 10th. Citigroup lifted their target price on shares of Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qualcomm in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Qualcomm has a consensus rating of “Hold” and a consensus target price of $165.88.

Qualcomm Trading Up 15.1%

Shares of Qualcomm stock opened at $179.58 on Thursday. Qualcomm has a 1 year low of $121.99 and a 1 year high of $205.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. The company has a market capitalization of $191.61 billion, a P/E ratio of 19.52 and a beta of 1.28. The company’s fifty day moving average is $135.69 and its two-hundred day moving average is $155.33.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 43.63%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts forecast that Qualcomm will post 8.21 earnings per share for the current year.

Qualcomm announced that its Board of Directors has approved a stock buyback 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 reacquire up to 14.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Qualcomm Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.0%. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. Qualcomm’s dividend payout ratio (DPR) is 40.00%.

Insider Activity at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’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 sale, the executive vice president owned 30,684 shares in the company, valued at $3,999,352.56. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 192 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $172.00, for a total transaction of $33,024.00. 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 sold 9,310 shares of company stock worth $1,266,729 over the last 90 days. Company insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

Several hedge funds and other institutional investors have recently made changes to their positions in QCOM. Norges Bank acquired a new stake in shares of Qualcomm in the fourth quarter valued at about $2,591,056,000. Wellington Management Group LLP raised its position in Qualcomm by 141.8% during the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock worth $2,069,059,000 after acquiring an additional 7,292,783 shares during the last quarter. Geode Capital Management LLC raised its position in Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after acquiring an additional 3,221,924 shares during the last quarter. Invesco Ltd. raised its position in Qualcomm by 28.1% during the fourth quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock worth $2,163,030,000 after acquiring an additional 2,771,490 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Qualcomm by 36.8% during the third quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock worth $1,090,025,000 after acquiring an additional 1,764,252 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Q2 beat on EPS (reported $2.65 vs. ~ $2.56 consensus), with automotive and licensing strength helping offset modest revenue weakness; the quarter and commentary were the immediate catalyst for the rally. Read More.
• Positive Sentiment: CEO Cristiano Amon said Qualcomm will begin shipping custom data?center chips to a “large hyperscaler” within the calendar year — investors treated this as a major AI/data?center growth signal. Read More.
• Positive Sentiment: Several brokerages raised targets and ratings after the report (Benchmark raised its target to $225 with a Buy; multiple firms lifted targets to ~$160), supporting upside expectations from Wall Street. Read More.
• Neutral Sentiment: Qualcomm’s Q2 revenue was roughly in line (~$10.6B) but down year?over?year; the market is parsing strong per?share profitability versus a softer top line. Read More.
• Neutral Sentiment: Technicals and momentum favor further upside in the near term (analysts/technicals note potential breakout), which may amplify moves while sentiment remains positive. Read More.
• Negative Sentiment: Guidance disappointed: Q3 EPS guidance (2.10–2.30) and revenue guide ($9.2B–$10.0B) came in below consensus, reflecting memory?supply constraints — a reason for caution on near?term growth. Read More.
• Negative Sentiment: Not all upgrades are uniformly bullish: JPMorgan set a $160 target with a “neutral” rating (below current levels), and some analysts trimmed FY estimates — showing lingering valuation/near?term risk. Read More.

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.