Qualcomm (NASDAQ:QCOM) Upgraded at Piper Sandler

Qualcomm (NASDAQ:QCOM) was upgraded by stock analysts at Piper Sandler to a “hold” rating in a research note issued to investors on Wednesday, Zacks reports.

Other analysts have also issued reports about the company. Dbs Bank raised Qualcomm to a “moderate buy” rating in a report on Tuesday, July 7th. Wells Fargo & Company decreased their price target on Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. The Goldman Sachs Group set a $160.00 price objective on Qualcomm in a research report on Thursday, July 30th. Raymond James Financial initiated coverage on shares of Qualcomm in a research note on Thursday, June 25th. They set a “strong-buy” rating on the stock. Finally, Oppenheimer set a $200.00 target price on shares of Qualcomm in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $204.10.

Qualcomm Trading Up 0.3%

NASDAQ QCOM opened at $176.88 on Wednesday. Qualcomm has a 1 year low of $121.99 and a 1 year high of $259.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The company has a market capitalization of $185.76 billion, a PE ratio of 20.47, a P/E/G ratio of 3.68 and a beta of 1.68. The company has a fifty day moving average of $168.34 and a 200 day moving average of $170.75.

Qualcomm (NASDAQ:QCOM) last announced its quarterly 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 company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts forecast that Qualcomm will post 7.74 earnings per share for the current year.

Insider Buying and Selling at Qualcomm

In other news, CAO Patricia Y. Grech sold 208 shares of the company’s 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 filing with the Securities & Exchange Commission, which is available 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 stock in a transaction that occurred 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 $3,376,869.84. This trade represents a 10.78% 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. Over the last three months, insiders have sold 9,033 shares of company stock valued at $1,467,844. Company insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Qualcomm

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC increased its position in Qualcomm by 3.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock valued at $295,000 after acquiring an additional 53 shares in the last quarter. Wall Street Financial Group Inc. lifted its position in shares of Qualcomm by 1.9% during the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock worth $564,000 after purchasing an additional 57 shares in the last quarter. Sunbeam Capital Management LLC grew its stake in shares of Qualcomm by 3.7% during the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock valued at $303,000 after purchasing an additional 58 shares during the last quarter. Basepoint Wealth LLC grew its stake in shares of Qualcomm by 1.8% during the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after purchasing an additional 59 shares during the last quarter. Finally, Five Oceans Advisors increased its holdings in shares of Qualcomm by 3.3% in the second quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company’s stock valued at $338,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon deal strengthens Qualcomm’s data-center story. AWS will use Qualcomm custom data-center chips and optical networking technology, with warrants and potential purchases of up to $60 billion through 2036. The agreement provides tangible customer validation for Qualcomm’s push into AI infrastructure and diversifies revenue beyond mobile handsets. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
• Positive Sentiment: Management sees a sizable long-term opportunity. Qualcomm’s CFO highlighted a potential $5 billion data-center business and said its “port once” software and hardware approach could attract additional hyperscaler and AI-chip customers. Analysts and market commentators view the Amazon partnership as a meaningful change in the company’s investment thesis. Qualcomm up 3% on Amazon AI pact; CFO eyes $5B data center target
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating with a $235 price target, implying substantial upside from the reference price. The target reflects optimism that AI infrastructure, data centers and other new markets can offset slower mobile-chip growth. Qualcomm analyst rating and price target
• Neutral Sentiment: Investors are comparing Qualcomm with ASML as both semiconductor companies pursue AI and advanced-chip opportunities, but the comparison does not provide a specific new earnings forecast or valuation change for QCOM. ASML vs. QCOM: Which Semiconductor Stock is the Better Buy Now?
• Negative Sentiment: Apple is gradually reducing its dependence on Qualcomm. The iPhone 18 Pro reportedly uses Apple’s C2 modem, although the Pro Max still appears to rely on Qualcomm technology in some markets. Further in-house modem adoption could pressure Qualcomm’s handset revenue and licensing relationship with Apple. iPhone 18 Pro Debuts C2 Modem As Apple Keeps Weaning Off Qualcomm
• Neutral Sentiment: Reported short-interest data appears unreliable: the update lists zero shares on both dates and a zero-day cover ratio, while also showing an undefined percentage change. It therefore offers no meaningful indication of changing bearish positioning.

About Qualcomm

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.