QUALCOMM (NASDAQ:QCOM) Price Target Raised to $165.00 at Wells Fargo & Company

QUALCOMM (NASDAQ:QCOM) had its price target boosted by Wells Fargo & Company from $140.00 to $165.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the wireless technology company’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 3.23% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. UBS Group set a $165.00 price objective on QUALCOMM in a research report on Monday, October 27th. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Arete Research set a $200.00 price objective on QUALCOMM in a research note on Tuesday, August 26th. Citigroup lifted their price objective on QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings upgraded QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.09.

QUALCOMM Price Performance

NASDAQ QCOM traded down $9.21 during midday trading on Thursday, hitting $170.51. The company had a trading volume of 6,736,386 shares, compared to its average volume of 8,699,990. The company has a market capitalization of $183.98 billion, a PE ratio of 16.46, a P/E/G ratio of 2.59 and a beta of 1.26. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $167.01 and a 200-day moving average price of $157.54. QUALCOMM has a twelve month low of $120.80 and a twelve month high of $205.95.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.13. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same period in the previous year, the firm earned $2.69 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, analysts anticipate that QUALCOMM will post 9.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at $24,718,770.24. The trade was a 50.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Patricia Y. Grech sold 201 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $170.00, for a total value of $34,170.00. Following the completion of the sale, the chief accounting officer owned 203 shares of the company’s stock, valued at $34,510. This trade represents a 49.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 163,169 shares of company stock valued at $26,978,998. 0.08% of the stock is owned by company insiders.

Institutional Trading of QUALCOMM

Several institutional investors have recently added to or reduced their stakes in QCOM. waypoint wealth counsel increased its position in shares of QUALCOMM by 2.2% during the third quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock worth $476,000 after acquiring an additional 61 shares during the period. Greykasell Wealth Strategies Inc. increased its position in shares of QUALCOMM by 1.5% during the third quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock worth $686,000 after acquiring an additional 61 shares during the period. Baron Wealth Management LLC increased its position in shares of QUALCOMM by 4.5% during the third quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock worth $238,000 after acquiring an additional 62 shares during the period. Avion Wealth increased its position in shares of QUALCOMM by 16.7% during the second quarter. Avion Wealth now owns 441 shares of the wireless technology company’s stock worth $70,000 after acquiring an additional 63 shares during the period. Finally, Insight Advisors LLC PA increased its position in shares of QUALCOMM by 1.8% during the second quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company’s stock worth $556,000 after acquiring an additional 63 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Company Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.