Rosenblatt Securities Reaffirms Buy Rating for QUALCOMM (NASDAQ:QCOM)

QUALCOMM (NASDAQ:QCOM)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They currently have a $225.00 target price on the wireless technology company’s stock. Rosenblatt Securities’ price objective would suggest a potential upside of 25.19% from the stock’s current price.

Several other research firms have also recently commented on QCOM. Citigroup lifted their price target on QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Arete Research set a $200.00 price target on QUALCOMM in a report on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the company an “outperform” rating in a report on Monday, July 28th. JPMorgan Chase & Co. lifted their price objective on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, TD Cowen lifted their price objective on QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.82.

QUALCOMM Stock Up 4.0%

QCOM opened at $179.72 on Thursday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The firm has a market cap of $193.92 billion, a P/E ratio of 17.33, a PEG ratio of 2.59 and a beta of 1.26. QUALCOMM has a 52 week low of $120.80 and a 52 week high of $205.95. The business’s fifty day simple moving average is $167.01 and its 200 day simple moving average is $157.54.

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

Insider Buying and Selling

In other QUALCOMM news, CAO Patricia Y. Grech sold 273 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the transaction, the chief accounting officer directly owned 404 shares of the company’s stock, valued at $65,213.68. This represents a 40.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Neil Martin sold 791 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at approximately $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 163,169 shares of company stock valued at $26,978,998. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On QUALCOMM

A number of institutional investors have recently made changes to their positions in QCOM. Brighton Jones LLC raised its position in shares of QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after acquiring an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after acquiring an additional 340 shares in the last quarter. Stratos Investment Management LLC acquired a new stake in shares of QUALCOMM during the 1st quarter valued at approximately $311,000. Cornerstone Planning Group LLC raised its position in shares of QUALCOMM by 34.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 672 shares of the wireless technology company’s stock valued at $94,000 after acquiring an additional 171 shares in the last quarter. Finally, Moloney Securities Asset Management LLC raised its position in shares of QUALCOMM by 3.9% during the 1st quarter. Moloney Securities Asset Management LLC now owns 2,479 shares of the wireless technology company’s stock valued at $381,000 after acquiring an additional 94 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

About QUALCOMM

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.