QUALCOMM (NASDAQ:QCOM) Downgraded to Hold Rating by Daiwa America

QUALCOMM (NASDAQ:QCOM) was downgraded by Daiwa America from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on QCOM. Sanford C. Bernstein reiterated an “outperform” rating and set a $200.00 target price on shares of QUALCOMM in a research report on Monday, February 2nd. Rosenblatt Securities decreased their price objective on shares of QUALCOMM from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Cantor Fitzgerald dropped their price objective on shares of QUALCOMM from $185.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Bank of America cut shares of QUALCOMM from a “buy” rating to a “neutral” rating and set a $155.00 target price for the company. in a research note on Thursday, February 5th. Finally, Mizuho decreased their price target on QUALCOMM from $160.00 to $140.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $164.67.

QUALCOMM Stock Up 0.7%

Shares of QCOM stock opened at $141.04 on Wednesday. The stock has a market cap of $150.49 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 6.93 and a beta of 1.22. QUALCOMM has a one year low of $120.80 and a one year high of $205.95. The stock has a fifty day moving average price of $165.26 and a 200 day moving average price of $164.56. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83.

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

Insider Activity

In other news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the transaction, the executive vice president owned 16,393 shares of the company’s stock, valued at $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ann C. Chaplin sold 7,180 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 46,217 shares of company stock worth $7,901,275. 0.05% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of QCOM. Canopy Partners LLC grew its position in shares of QUALCOMM by 5.0% during the 4th quarter. Canopy Partners LLC now owns 4,308 shares of the wireless technology company’s stock worth $737,000 after buying an additional 206 shares during the period. IFM Investors Pty Ltd boosted its stake in QUALCOMM by 1.8% in the fourth quarter. IFM Investors Pty Ltd now owns 224,126 shares of the wireless technology company’s stock valued at $38,337,000 after acquiring an additional 3,907 shares during the last quarter. Coastwise Capital Group LLC grew its holdings in QUALCOMM by 5.8% during the 4th quarter. Coastwise Capital Group LLC now owns 8,855 shares of the wireless technology company’s stock worth $1,515,000 after acquiring an additional 487 shares during the period. Wescott Financial Advisory Group LLC raised its position in shares of QUALCOMM by 33.9% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 3,174 shares of the wireless technology company’s stock valued at $543,000 after acquiring an additional 803 shares during the last quarter. Finally, Mattson Financial Services LLC bought a new stake in shares of QUALCOMM during the 4th quarter valued at $913,000. Institutional investors own 74.35% of the company’s stock.

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.