Qualcomm (NASDAQ:QCOM) Trading 2% Higher After Analyst Upgrade

Qualcomm Incorporated (NASDAQ:QCOM) rose 2% during mid-day trading on Wednesday after Dbs Bank upgraded the stock to a moderate buy rating. The company traded as high as $187.12 and last traded at $186.56. Approximately 10,259,783 shares were traded during trading, a decline of 40% from the average daily volume of 17,033,990 shares. The stock had previously closed at $182.97.

Other equities research analysts also recently issued reports about the company. Tigress Financial increased their price target on Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Lake Street Capital cut Qualcomm to a “hold” rating in a report on Thursday, June 25th. Evercore set a $179.00 target price on Qualcomm in a research note on Thursday, April 30th. The Goldman Sachs Group began coverage on Qualcomm in a report on Thursday, June 25th. They set a “neutral” rating on the stock. Finally, UBS Group lifted their price target on Qualcomm from $170.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $220.45.

Insider Activity

In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the sale, the executive vice president directly owned 39,735 shares of the company’s stock, valued at $7,065,677.70. This represents a 7.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the sale, the chief executive officer owned 197,568 shares in the company, valued at $35,562,240. This trade represents a 4.82% decrease in their ownership of the stock. 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 21,721 shares of company stock worth $3,918,290 over the last three months. Corporate insiders own 0.05% of the company’s stock.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Several recent pieces argue Qualcomm has meaningful upside, including a bullish valuation case that projects a much higher share price and describes the company’s data center pivot and automotive business as still underappreciated. The Road To $380 For Qualcomm Stock
• Positive Sentiment: Analysts and commentary highlighted Qualcomm’s expanding AI-focused semiconductor portfolio, especially for data centers, servers, and emerging AI markets, which supports the stock’s longer-term growth narrative versus peers like Monolithic Power Systems. Monolithic vs. Qualcomm: Which Semiconductor Stock Has More Upside?
• Positive Sentiment: Qualcomm was described as a “bullish opportunity” by options-focused commentary, suggesting traders are seeing a favorable setup after recent weakness. Qualcomm Stock Low Presents Bullish Opportunity
• Positive Sentiment: Bernstein commentary said AI demand is accelerating across chips and memory, lifting sentiment for Qualcomm alongside other semiconductor names as investors expect stronger industry demand. MU, AMD, MRVL, QCOM Stocks Surge — Bernstein’s Stacy Rasgon Says AI Demand Is Exploding, Memory Capacity Is ‘Very Tight’
• Positive Sentiment: Qualcomm’s automotive segment continues to show strong momentum, with record revenue and accelerating adoption of Snapdragon Digital Chassis, reinforcing confidence in non-smartphone growth. Will Qualcomm’s Automotive Business Continue Driving Top-Line Growth?
• Neutral Sentiment: Qualcomm’s removal from certain Russell growth and defensive indices may create temporary fund-flow pressure, but investors are also watching its new on-device AI deepfake detection partnership as evidence of strategic expansion beyond smartphones. How Investors Are Reacting To QUALCOMM (QCOM) Index Removal And New On-Device AI Deepfake Partnership
• Neutral Sentiment: One report noted Qualcomm underperformed some peers on a recent trading day despite gains, suggesting the stock is still in a choppy relative-performance phase. Qualcomm Inc. stock underperforms Wednesday when compared to competitors despite daily gains

Institutional Trading of Qualcomm

Institutional investors and hedge funds have recently made changes to their positions in the business. Your Advocates Ltd. LLP purchased a new stake in Qualcomm in the 1st quarter worth $26,000. Richardson Financial Services Inc. lifted its holdings in Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after purchasing an additional 80 shares in the last quarter. Torren Management LLC purchased a new position in Qualcomm during the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd grew its position in shares of Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after purchasing an additional 170 shares during the period. Finally, Birchwood Financial Partners Inc. acquired a new stake in shares of Qualcomm in the fourth quarter valued at about $31,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Qualcomm Stock Down 1.0%

The firm has a market cap of $199.37 billion, a PE ratio of 20.56, a PEG ratio of 5.55 and a beta of 1.63. The business’s 50 day moving average price is $208.93 and its 200 day moving average price is $168.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. During the same period last year, the company posted $2.85 EPS. Qualcomm’s quarterly revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, equities research analysts expect that Qualcomm Incorporated will post 7.96 earnings per share for the current year.

Qualcomm declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Qualcomm Company Profile

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.