QUALCOMM (NASDAQ:QCOM) Lowered to Neutral Rating by Bank of America

QUALCOMM (NASDAQ:QCOM) was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating in a report issued on Thursday. They currently have a $155.00 price target on the wireless technology company’s stock. Bank of America‘s price target would suggest a potential upside of 4.10% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. TD Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a research note on Thursday, November 6th. UBS Group reaffirmed a “neutral” rating on shares of QUALCOMM in a research report on Monday. Citigroup reiterated a “neutral” rating on shares of QUALCOMM in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada initiated coverage on QUALCOMM in a report on Wednesday, January 14th. They set a “sector perform” rating and a $180.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $185.17.

QUALCOMM Trading Up 1.2%

Shares of QUALCOMM stock opened at $148.89 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. QUALCOMM has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The firm has a 50-day simple moving average of $168.32 and a two-hundred day simple moving average of $165.27. The company has a market cap of $159.02 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 3.29 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.12. The business had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.16 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.41 EPS. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities analysts predict that QUALCOMM will post 9.39 earnings per share for the current fiscal year.

Insider Activity at QUALCOMM

In related news, EVP Ann C. Chaplin sold 7,180 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the sale, the executive vice president owned 23,944 shares in the company, valued at approximately $4,262,750.32. This represents a 23.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Patricia Y. Grech sold 513 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $160.95, for a total value of $82,567.35. Following the sale, the chief accounting officer directly owned 203 shares of the company’s stock, valued at $32,672.85. This represents a 71.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 44,820 shares of company stock valued at $7,883,482 in the last 90 days. 0.05% of the stock is currently owned by insiders.

Hedge Funds Weigh In On QUALCOMM

Institutional investors and hedge funds have recently modified their holdings of the stock. waypoint wealth counsel grew its position in QUALCOMM by 2.2% during the third quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock valued at $476,000 after buying an additional 61 shares during the period. Greykasell Wealth Strategies Inc. boosted its holdings in QUALCOMM by 1.5% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock worth $686,000 after buying an additional 61 shares during the last quarter. Baron Wealth Management LLC increased its stake in QUALCOMM by 4.5% during the 3rd quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock worth $238,000 after buying an additional 62 shares in the last quarter. Certified Advisory Corp raised its stake in QUALCOMM by 0.6% in the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock valued at $1,678,000 after purchasing an additional 62 shares during the last quarter. Finally, Avion Wealth grew its holdings 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 buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Key QUALCOMM News

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Q1 results beat expectations — QCOM reported $3.50 EPS and $12.25B revenue, topping EPS and roughly matching revenue consensus, showing resilience in core handset and licensing businesses. Earnings report
• Positive Sentiment: Longer-term growth drivers remain: management highlighted expansion beyond handsets (Open RAN, AI, automotive/data-center opportunities) and analysts point to strong cash flow that supports buybacks/dividends. Business expansion article
• Neutral Sentiment: Street ratings are mixed but tilted toward buys — MarketBeat shows 11 buys, 7 holds and 2 sells among 20 brokers, implying varied near-term views. Analyst consensus
• Neutral Sentiment: Earnings call and materials available for detail — investors can review the transcript and slides to parse segment-level trends and management commentary. Earnings call transcript
• Negative Sentiment: Cautionary Q2 guidance — QCOM issued EPS guidance of $2.45–$2.65 and revenue guidance $10.2B–$11.0B, below consensus (EPS ~2.66; revenue ~$11.1B), signalling near-term weakness tied to handset inventory and memory constraints. Guidance and memory shortage
• Negative Sentiment: Memory-chip shortage is the proximate cause of the sell-off — analysts and management said limited memory supply will suppress smartphone shipments and chipset demand, prompting the market reaction and pressuring peers like Arm. Market reaction coverage

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.