Qualcomm Incorporated (NASDAQ:QCOM) Stock Has Average Target Price of $204.10

Shares of Qualcomm Incorporated (NASDAQ:QCOM) have received an average recommendation of “Hold” from the thirty-eight research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $204.10.

A number of brokerages have weighed in on QCOM. Wells Fargo & Company reduced their price objective on Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Oppenheimer set a $200.00 target price on shares of Qualcomm in a research report on Monday, July 27th. Piper Sandler initiated coverage on shares of Qualcomm in a research report on Wednesday, September 9th. They set a “neutral” rating and a $190.00 target price on the stock. Benchmark cut their target price on shares of Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Qualcomm in a research report on Wednesday, September 9th.

Qualcomm Price Performance

Shares of QCOM opened at $178.40 on Tuesday. 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 has a 1-year low of $121.99 and a 1-year high of $259.92. The stock has a market cap of $190.50 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 3.88 and a beta of 1.65. The firm has a fifty day moving average price of $174.94 and a 200 day moving average price of $179.38.

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

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: A Delaware jury found that Arm breached its licensing agreement with Qualcomm and interfered with Qualcomm’s relationship with Meta. Although damages were nominal at $2, the verdict affirmed Qualcomm’s right to continue developing custom Oryon CPUs, reducing a significant legal risk as Arm changes its licensing strategy. Jury finds Arm breached license agreement with Qualcomm
• Positive Sentiment: Qualcomm renewed its Apple licensing agreement, reinforcing the durability of an important royalty stream and easing concerns about customer concentration and future licensing negotiations. Qualcomm renews Apple license as investors reassess Qualcomm stock
• Positive Sentiment: Qualcomm and broadband partners introduced what they described as the first AI-native Wi-Fi 8 gateway for home broadband. Combining next-generation wireless connectivity with on-device edge AI could create new opportunities with service providers and expand Qualcomm’s addressable market beyond handsets. Qualcomm unveils first AI native Wi-Fi 8 gateway
• Positive Sentiment: Analysts and commentators continue to highlight Qualcomm’s free cash flow and growth prospects in automotive, edge AI, and custom CPUs as the company attempts to shift its growth mix away from smartphones. Qualcomm navigating the shift from handsets to AI

Insider Buying and Selling at Qualcomm

In related news, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the transaction, the chief executive officer owned 177,568 shares of the company’s stock, valued at $35,513,600. This trade represents a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the business’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 transaction, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 29,131 shares of company stock valued at $5,441,226. Company insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

A number of hedge funds have recently added to or reduced their stakes in the stock. Comprehensive Financial Consultants Institutional Inc. increased its stake in Qualcomm by 3.5% in the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,570 shares of the wireless technology company’s stock valued at $1,393,000 after buying an additional 256 shares during the period. Moody National Bank Trust Division raised its position in Qualcomm by 20.0% during the 3rd quarter. Moody National Bank Trust Division now owns 14,441 shares of the wireless technology company’s stock worth $2,658,000 after buying an additional 2,405 shares during the last quarter. Greenwich Wealth Management LLC purchased a new position in Qualcomm during the 2nd quarter worth $242,000. QRG Capital Management Inc. lifted its stake in shares of Qualcomm by 12.7% in the 2nd quarter. QRG Capital Management Inc. now owns 204,726 shares of the wireless technology company’s stock worth $37,831,000 after acquiring an additional 23,009 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Qualcomm by 8.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 48,184 shares of the wireless technology company’s stock worth $8,904,000 after acquiring an additional 3,746 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

About Qualcomm

Qualcomm Incorporated (NASDAQ: QCOM) is a technology company headquartered in San Diego, California, that develops wireless communications technologies, semiconductors and related software. Its products support mobile devices, connected computing, automotive systems, industrial equipment and consumer electronics.

Qualcomm’s semiconductor business operates primarily through its Qualcomm CDMA Technologies segment. Its offerings include Snapdragon platforms and systems-on-chip, cellular modems, radio-frequency components, connectivity products, and processors for smartphones, personal computers, extended-reality devices, vehicles and the Internet of Things.