QUALCOMM (NASDAQ:QCOM) Cut to “Neutral” at Bank of America

Bank of America downgraded shares of QUALCOMM (NASDAQ:QCOM) from a buy rating to a neutral rating in a research note published on Thursday morning, Marketbeat Ratings reports. They currently have $155.00 price target on the wireless technology company’s stock.

QCOM has been the subject of several other research reports. Sanford C. Bernstein restated an “outperform” rating and issued a $200.00 price objective on shares of QUALCOMM in a research report on Monday, February 2nd. Royal Bank Of Canada started coverage on QUALCOMM in a research note on Wednesday, January 14th. They issued a “sector perform” rating and a $180.00 target price for the company. Citigroup restated a “neutral” rating on shares of QUALCOMM in a research report on Thursday, January 15th. Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $167.68.

QUALCOMM Stock Performance

QUALCOMM stock opened at $137.34 on Thursday. The stock has a 50-day simple moving average of $167.14 and a 200 day simple moving average of $164.96. The stock has a market capitalization of $146.54 billion, a price-to-earnings ratio of 28.38, a P/E/G ratio of 3.08 and a beta of 1.22. The company has a quick ratio of 2.10, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. QUALCOMM has a 12-month low of $120.80 and a 12-month high of $205.95.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. QUALCOMM had a net margin of 11.96% and a return on equity of 44.09%. The firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.16 billion. During the same quarter in the prior year, the firm earned $3.41 EPS. The company’s revenue was up 4.7% on a year-over-year basis. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, research analysts anticipate that QUALCOMM will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, March 5th. QUALCOMM’s dividend payout ratio (DPR) is currently 73.55%.

Insider Activity

In other news, EVP Akash J. Palkhiwala sold 10,000 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $175.12, for a total value of $1,751,200.00. Following the completion of the transaction, the executive vice president owned 44,803 shares of the company’s stock, valued at $7,845,901.36. The trade was a 18.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann C. Chaplin sold 7,180 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the completion of the sale, the executive vice president owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. This represents a 23.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 43,017 shares of company stock worth $7,462,875 in the last ninety days. Company insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Guinness Asset Management LTD boosted its stake in shares of QUALCOMM by 11.6% during the 2nd quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock valued at $8,824,000 after purchasing an additional 5,779 shares in the last quarter. CORDA Investment Management LLC. boosted its position in QUALCOMM by 18.6% during the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after acquiring an additional 3,524 shares in the last quarter. Westerkirk Capital Inc. purchased a new position in shares of QUALCOMM during the 2nd quarter worth approximately $4,539,000. MASTERINVEST Kapitalanlage GmbH bought a new position in shares of QUALCOMM in the 2nd quarter worth approximately $3,896,000. Finally, Inscription Capital LLC raised its position in shares of QUALCOMM by 58.1% in the 3rd quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock worth $2,172,000 after acquiring an additional 4,799 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about QUALCOMM

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Q1 beat — Qualcomm reported adjusted EPS of $3.50 and strong revenue in automotive/handsets, beating consensus and showing demand in non‑handset end markets. Qualcomm Surpasses Q1 Earnings
• Positive Sentiment: Analysts still see upside — Several firms cut price targets but kept positive stances (Argus lowered PT to $180, JPMorgan to $185, Rosenblatt reiterated buy), leaving multi‑dozen percent upside from current levels according to those shops; this supports short‑covering/relief buying. Analyst Price Target Changes
• Neutral Sentiment: Market view is mixed/hold consensus — Broker consensus sits around “Hold” as firms reassess forward visibility; that keeps headline analyst guidance fragmented and can sustain volatility until memory supply clarity arrives. Consensus Rating of Hold
• Neutral Sentiment: Technicals/positioning matter — Coverage notes Qualcomm has moved back to 2020 price levels and is extremely oversold; that can produce sharp, short‑term bounces even if fundamentals remain challenged. Qualcomm Is Back at 2020 Levels
• Negative Sentiment: Weak Q2 guidance driven by memory shortage — Management warned memory constraints will limit handset shipments and revenue in the near term; that outlook triggered the large post‑earnings drop and remains the main fundamental headwind. Memory Shortage Report
• Negative Sentiment: Analyst cuts and downgrades — Some firms (Evercore cut PT to $134, Bank of America moved to neutral) reduced forecasts after the cautious outlook, increasing near‑term downside risk if memory issues persist. Analyst Forecast Cuts
• Negative Sentiment: Volatility risk remains high — The combination of supply uncertainty, heavy post‑earnings selling, and mixed analyst views means QCOM can swing sharply; expect elevated intraday moves and headline sensitivity until memory supply trends or handset orders normalize. CNBC Coverage of Selloff

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.