Qualcomm (NASDAQ:QCOM) Upgraded at Zacks Research

Qualcomm (NASDAQ:QCOM) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Summit Insights raised Qualcomm from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. The Goldman Sachs Group began coverage on Qualcomm in a report on Monday, March 30th. They set a “neutral” rating and a $135.00 price objective on the stock. Benchmark raised their price objective on Qualcomm from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Barclays boosted their target price on Qualcomm from $130.00 to $150.00 and gave the stock an “underweight” rating in a report on Thursday, April 30th. Finally, Seaport Research Partners reaffirmed a “sell” rating and set a $100.00 target price on shares of Qualcomm in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $172.40.

Qualcomm Stock Performance

Shares of QCOM opened at $186.67 on Monday. The firm has a market cap of $196.75 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 20.78 and a beta of 1.49. The company’s fifty day moving average is $136.57 and its 200-day moving average is $155.41. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm has a 12 month low of $121.99 and a 12 month high of $205.95.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. Qualcomm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities analysts expect that Qualcomm will post 8.02 EPS for the current fiscal year.

Qualcomm declared that its board has approved a share repurchase program on Tuesday, March 17th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, CAO Patricia Y. Grech sold 192 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $172.00, for a total transaction of $33,024.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% 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 have sold 22,510 shares of company stock worth $3,635,753 in the last 90 days. 0.05% of the stock is owned by company insiders.

Hedge Funds Weigh In On Qualcomm

A number of institutional investors and hedge funds have recently bought and sold shares of QCOM. Norges Bank bought a new stake in Qualcomm in the 4th quarter valued at $2,591,056,000. Wellington Management Group LLP increased its holdings in shares of Qualcomm by 141.8% during the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock worth $2,069,059,000 after purchasing an additional 7,292,783 shares during the period. Geode Capital Management LLC raised its position in shares of 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 valued at $4,931,968,000 after buying an additional 3,221,924 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Qualcomm by 28.1% in the fourth quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock valued at $2,163,030,000 after buying an additional 2,771,490 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Qualcomm by 36.8% in the third quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock valued at $1,090,025,000 after buying an additional 1,764,252 shares during the period. Institutional investors own 74.35% of the company’s stock.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Major hyperscaler win and initial shipments of custom data?center AI silicon, showing Qualcomm is entering AI infrastructure and diversifying revenue away from handsets. QUALCOMM Is Up After Hyperscaler AI Win
• Positive Sentiment: Board approved a $20 billion share?repurchase program and the company raised its quarterly dividend, both of which boost shareholder returns and signal confidence from management/board. QUALCOMM Is Up After Hyperscaler AI Win
• Positive Sentiment: Record automotive revenue and accelerating shipments for vehicle platforms provide a second structural growth engine (automotive + AI silicon) that supports higher long?term revenue visibility. Qualcomm’s AI Chips And Automotive Growth Reshape Its Investment Story
• Neutral Sentiment: Cantor Fitzgerald raised its price target to $150 but kept a Neutral rating — a modest analyst lift that tempers downside but isn’t a full conviction upgrade. Cantor Fitzgerald Raises PT on QUALCOMM
• Neutral Sentiment: Industry context: competitor moves (Intel hiring a former Qualcomm exec) and the broader “chip divide” narrative—investors should weigh Qualcomm’s AI/design wins against rising competitive intensity from Intel and AMD. Intel appoints Qualcomm executive The Great Chip Divide
• Negative Sentiment: Insider sales: CEO Cristiano Amon and EVP Heather Ace sold shares under 10b5?1 plans; such high?profile sales can add short?term selling pressure despite being pre?arranged. Amon SEC filing Ace SEC filing
• Negative Sentiment: Bearish commentary and “sell into the hype” takes emphasize persistent handset weakness and near?term cyclicality; the transition to AI/automotive revenue will take time and execution risk remains. Bear of the Day: Qualcomm Qualcomm: Sell Into The Hype

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.