Qualcomm (NASDAQ:QCOM) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Qualcomm (NASDAQ:QCOM) in a report published on Monday morning, Marketbeat.com reports. The firm issued a neutral rating and a $135.00 price objective on the wireless technology company’s stock.

Other equities research analysts have also recently issued research reports about the company. Seaport Research Partners reiterated a “sell” rating and set a $100.00 target price on shares of Qualcomm in a report on Monday, March 16th. Loop Capital raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Tuesday, February 24th. Robert W. Baird set a $177.00 target price on shares of Qualcomm in a report on Thursday, February 5th. Wall Street Zen cut shares of Qualcomm from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada lowered their price target on shares of Qualcomm from $180.00 to $150.00 and set a “sector perform” rating for the company 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 assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $163.77.

Qualcomm Price Performance

Qualcomm stock opened at $127.28 on Monday. The firm has a market capitalization of $135.81 billion, a PE ratio of 26.30 and a beta of 1.28. Qualcomm has a 52 week low of $120.80 and a 52 week high of $205.95. The firm’s 50-day simple moving average is $139.39 and its 200 day simple moving average is $159.58. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64.

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

Qualcomm announced that its Board of Directors has initiated 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 shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were given a dividend of $0.89 per share. The ex-dividend date was Thursday, March 5th. This represents a $3.56 annualized dividend and a yield of 2.8%. Qualcomm’s dividend payout ratio is 73.55%.

Insider Activity

In related news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the transaction, the executive vice president directly owned 35,599 shares in the company, valued at approximately $4,900,202.35. This represents a 8.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,866 shares of company stock valued at $1,474,796 in the last 90 days. 0.05% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Westerkirk Capital Inc. acquired a new position in shares of Qualcomm during the second quarter worth $4,539,000. MASTERINVEST Kapitalanlage GmbH purchased a new stake in Qualcomm during the 2nd quarter worth $3,896,000. Inscription Capital LLC increased its stake in Qualcomm by 58.1% during the 3rd quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock worth $2,172,000 after buying an additional 4,799 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Qualcomm by 1.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company’s stock worth $167,082,000 after buying an additional 16,738 shares in the last quarter. Finally, Simplify Asset Management Inc. purchased a new position in Qualcomm in the 3rd quarter valued at about $725,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Inclusion on a list of the “7 cheapest AI data center stocks” highlights QCOM’s relative valuation vs. peers and could attract investor interest in Qualcomm’s data-center/AI positioning. Is QUALCOMM Incorporated (QCOM) Among the 7 Cheapest AI Data Center Stocks to Buy Now?
• Positive Sentiment: Goldman Sachs initiated coverage on QCOM — initiation by a major bank often draws investor attention and can support liquidity and re‑rating if the view is constructive. Qualcomm (NASDAQ:QCOM) Coverage Initiated at The Goldman Sachs Group
• Positive Sentiment: Mentioned as a cheap DRIP candidate with a low forward P/E in curated dividend/DRIP lists — attention from income/value investors could provide a buyer base at lower prices. 5 Cheap DRIP Stocks to Buy Now
• Neutral Sentiment: Coverage across consumer finance outlets questions whether the pullback has created a true value opportunity; this keeps the stock on investors’ watchlists but doesn’t resolve near‑term demand or margin concerns. Is QUALCOMM (QCOM) Starting To Look Attractive After Its Recent Share Price Pullback?
• Neutral Sentiment: Globe and Mail notes analysts are conflicted on Qualcomm — mixed broker views create volatility and keep guidance/earnings execution in focus. Analysts Conflicted on These Technology Names: Qualcomm (QCOM) and Shimadzu (OtherSHMZF)
• Negative Sentiment: Zacks highlights a 25.5% three‑month drop and flags margin pressure, China risks and weak handset demand as near-term headwinds — these are concrete operational and macro factors that can weigh on revenue and multiple compression. Qualcomm Declines 25.5% in Past 3 Months: Should Investors Worry?
• Negative Sentiment: A Seeking Alpha downgrade argues the company’s “cracks are widening,” underscoring analyst skepticism about sustainability of margins and growth — downgrades can accelerate selling pressure. Qualcomm: The Cracks Are Widening And Broadening (Downgrade)

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.