QUALCOMM (NASDAQ:QCOM) Upgraded by DZ Bank to Strong-Buy Rating

QUALCOMM (NASDAQ:QCOM) was upgraded by equities research analysts at DZ Bank to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Robert W. Baird set a $177.00 target price on shares of QUALCOMM in a research note on Thursday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $200.00 price objective on shares of QUALCOMM in a research report on Monday, February 2nd. Argus dropped their price objective on QUALCOMM from $205.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Citigroup restated a “neutral” rating on shares of QUALCOMM in a research note on Thursday, January 15th. Finally, Evercore lowered their price target on QUALCOMM from $157.00 to $134.00 and set an “in-line” rating on the stock in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, QUALCOMM has a consensus rating of “Hold” and a consensus target price of $164.67.

QUALCOMM Stock Up 0.7%

Shares of NASDAQ QCOM opened at $141.04 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The company has a market cap of $150.49 billion, a P/E ratio of 29.14, a P/E/G ratio of 6.93 and a beta of 1.22. QUALCOMM has a 52 week low of $120.80 and a 52 week high of $205.95. The business has a 50-day simple moving average of $165.26 and a two-hundred day simple moving average of $164.56.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.12. QUALCOMM had a return on equity of 44.09% and a net margin of 11.96%.The firm had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. During the same period in the prior year, the business posted $3.41 earnings per share. 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. Research analysts anticipate that QUALCOMM will post 9.39 earnings per share for the current fiscal year.

Insider Transactions at QUALCOMM

In other QUALCOMM news, EVP Ann C. Chaplin sold 7,180 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 23,944 shares in the company, valued at $4,262,750.32. This trade represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the sale, the executive vice president owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 46,217 shares of company stock worth $7,901,275. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On QUALCOMM

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of QUALCOMM by 0.3% in the second quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company’s stock worth $18,260,635,000 after buying an additional 290,799 shares during the period. State Street Corp boosted its stake in shares of QUALCOMM by 0.8% during the second quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock valued at $8,547,014,000 after purchasing an additional 420,352 shares during the period. Geode Capital Management LLC grew its holdings in shares of QUALCOMM by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the last quarter. Norges Bank purchased a new position in shares of QUALCOMM in the second quarter worth $2,713,603,000. Finally, Amundi raised its holdings in QUALCOMM by 9.9% during the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after buying an additional 1,138,541 shares during the last quarter. Hedge funds and other 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.