TD Cowen Forecasts Strong Price Appreciation for Qualcomm (NASDAQ:QCOM) Stock

Qualcomm (NASDAQ:QCOM) had its price objective increased by stock analysts at TD Cowen from $175.00 to $200.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the wireless technology company’s stock. TD Cowen’s price objective would suggest a potential upside of 15.25% from the company’s current price.

QCOM has been the topic of a number of other reports. Freedom Capital upgraded Qualcomm from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. KeyCorp restated a “sector weight” rating on shares of Qualcomm in a research note on Wednesday, September 9th. UBS Group reduced their price target on Qualcomm from $190.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Oppenheimer set a $200.00 price target on Qualcomm in a report on Monday, July 27th. Finally, Craig Hallum downgraded Qualcomm from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $204.97.

Qualcomm Stock Up 0.8%

QCOM stock opened at $173.53 on Monday. The firm has a market cap of $185.30 billion, a PE ratio of 19.47, a P/E/G ratio of 3.88 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The firm’s fifty day moving average is $175.25 and its 200 day moving average is $180.01. Qualcomm has a one year low of $121.99 and a one year high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data 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). 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 quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts forecast that Qualcomm will post 7.74 EPS for the current year.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Ann Chaplin sold 1,827 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $174.75, for a total transaction of $319,268.25. Following the transaction, the executive vice president directly owned 25,770 shares of the company’s stock, valued at $4,503,307.50. This trade represents a 6.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares in the company, valued at approximately $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. Insiders sold a total of 30,958 shares of company stock valued at $5,760,494 in the last three months. Company insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QCOM. Caitong International Asset Management Co. Ltd increased its stake in Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after buying an additional 170 shares in the last quarter. ABS Investment Management LLC acquired a new position in shares of Qualcomm during the second quarter valued at approximately $34,000. ABS Direct Equity Fund LLC purchased a new position in shares of Qualcomm in the second quarter valued at approximately $34,000. Your Advocates Ltd. LLP purchased a new position in shares of Qualcomm in the first quarter valued at approximately $26,000. Finally, Burk Holdings LLC lifted its position in shares of Qualcomm by 191.7% in the second quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company’s stock valued at $39,000 after acquiring an additional 138 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Qualcomm Company Profile

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.