UBS Group Increases QUALCOMM (NASDAQ:QCOM) Price Target to $185.00

QUALCOMM (NASDAQ:QCOM) had its price objective boosted by research analysts at UBS Group from $175.00 to $185.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the wireless technology company’s stock. UBS Group’s price objective would indicate a potential upside of 8.26% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. TD Cowen upped their price objective on shares of QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company increased their price target on shares of QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research note on Thursday. Cowen restated a “buy” rating on shares of QUALCOMM in a report on Thursday. Weiss Ratings raised shares of QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Finally, Arete Research set a $200.00 price objective on QUALCOMM in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and an average target price of $190.38.

QUALCOMM Price Performance

NASDAQ:QCOM opened at $170.89 on Thursday. QUALCOMM has a one year low of $120.80 and a one year high of $205.95. The stock has a market cap of $184.39 billion, a PE ratio of 16.48, a P/E/G ratio of 2.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The stock has a 50 day moving average price of $167.46 and a 200 day moving average price of $157.89.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) 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 company had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same period in the prior year, the business earned $2.69 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities research analysts expect that QUALCOMM will post 9.39 EPS for the current fiscal year.

Insider Activity

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of QUALCOMM stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $170.00, for a total transaction of $34,170.00. Following the completion of the sale, the chief accounting officer directly owned 203 shares of the company’s stock, valued at $34,510. The trade was a 49.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 of the company’s stock, valued at $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 163,169 shares of company stock valued at $26,978,998 over the last three months. 0.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QUALCOMM

Several large investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. grew its stake in QUALCOMM by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after buying an additional 65 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in QUALCOMM in the third quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 93 shares during the period. Chung Wu Investment Group LLC purchased a new position in shares of QUALCOMM during the second quarter worth approximately $32,000. Finally, Harbor Asset Planning Inc. purchased a new position in shares of QUALCOMM during the second quarter worth approximately $32,000. Institutional investors and hedge funds 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.