Brokerages Set Qualcomm Incorporated (NASDAQ:QCOM) Price Target at $220.45

Shares of Qualcomm Incorporated (NASDAQ:QCOM) have received an average recommendation of “Hold” from the thirty-eight ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, twenty have given a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $220.4483.

Several equities research analysts have recently commented on QCOM shares. Raymond James Financial began coverage on Qualcomm in a research note on Thursday, June 25th. They issued a “strong-buy” rating for the company. Melius Research set a $220.00 price target on Qualcomm in a research note on Monday, May 18th. Benchmark lifted their price objective on Qualcomm from $225.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Cantor Fitzgerald set a $220.00 price objective on Qualcomm and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company boosted their price objective on Qualcomm from $230.00 to $265.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Multiple recent pieces argue Qualcomm has more upside, including bullish price-target work and comparisons with other semiconductor names, with investors focused on its AI, data-center, and server growth potential. The Road To $380 For Qualcomm Stock
• Positive Sentiment: Analysts and market commentators highlighted Qualcomm’s expanding AI-focused portfolio and ongoing opportunities in emerging AI markets, which can reinforce the stock’s long-term growth narrative. Monolithic vs. Qualcomm: Which Semiconductor Stock Has More Upside?
• Positive Sentiment: Qualcomm’s automotive business continues to stand out, with record revenue and strong Snapdragon Digital Chassis adoption helping support the idea that growth is broadening beyond smartphones. Will Qualcomm’s Automotive Business Continue Driving Top-Line Growth?
• Positive Sentiment: Recent analyst upgrades, including DBS Bank’s move to “moderate buy,” and other bullish notes suggest Wall Street sentiment is improving. Monolithic vs. Qualcomm: Which Semiconductor Stock Has More Upside?
• Neutral Sentiment: One report said Qualcomm was the recipient of a large increase in short interest, but the figures shown were zero shares, so the data appears inconclusive and is unlikely to be a major driver. Short Interest Update
• Negative Sentiment: Qualcomm’s late-June removal from several Russell growth and defensive indices may still pressure the stock through passive index-related selling, even as fundamentals and AI-related headlines improve sentiment. How Investors Are Reacting To QUALCOMM (QCOM) Index Removal And New On-Device AI Deepfake Partnership

Qualcomm Price Performance

NASDAQ QCOM traded down $1.95 on Friday, reaching $189.16. The company’s stock had a trading volume of 7,059,391 shares, compared to its average volume of 19,346,306. The firm has a market cap of $199.37 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 5.63 and a beta of 1.63. The business has a 50-day moving average price of $209.59 and a 200 day moving average price of $168.36. Qualcomm has a 52 week low of $121.99 and a 52 week high of $259.92. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.Qualcomm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts expect that Qualcomm will post 7.96 EPS for the current year.

Qualcomm declared that its board has initiated a stock buyback program on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $197.35, for a total transaction of $493,375.00. Following the sale, the executive vice president owned 25,684 shares in the company, valued at approximately $5,068,737.40. The trade was a 8.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Company insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Insight Wealth Strategies LLC increased its position in Qualcomm by 2.0% during the 2nd quarter. Insight Wealth Strategies LLC now owns 30,094 shares of the wireless technology company’s stock worth $5,475,000 after buying an additional 589 shares during the period. Accel Wealth Management grew its stake in shares of Qualcomm by 7.5% in the second quarter. Accel Wealth Management now owns 2,359 shares of the wireless technology company’s stock valued at $436,000 after acquiring an additional 165 shares in the last quarter. Hudson Value Partners LLC grew its stake in shares of Qualcomm by 5.7% in the second quarter. Hudson Value Partners LLC now owns 34,418 shares of the wireless technology company’s stock valued at $6,360,000 after acquiring an additional 1,864 shares in the last quarter. JFS Wealth Advisors LLC increased its position in Qualcomm by 3.4% during the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock worth $295,000 after acquiring an additional 53 shares during the period. Finally, Tema ETFs LLC increased its position in Qualcomm by 10.6% during the second quarter. Tema ETFs LLC now owns 21,135 shares of the wireless technology company’s stock worth $3,906,000 after acquiring an additional 2,030 shares during the period. Institutional investors own 74.35% of the company’s stock.

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.