Dbs Bank Upgrades Qualcomm (NASDAQ:QCOM) to “Moderate Buy”

Qualcomm (NASDAQ:QCOM) was upgraded by analysts at Dbs Bank to a “moderate buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research firms have also issued reports on QCOM. Guggenheim set a $200.00 target price on shares of Qualcomm in a research note on Monday, June 22nd. UBS Group lifted their price target on Qualcomm from $170.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Benchmark upped their price target on Qualcomm from $225.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Evercore set a $179.00 price target on Qualcomm in a research report on Thursday, April 30th. Finally, BNP Paribas Exane lowered Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $220.45.

Qualcomm Stock Up 2.0%

Qualcomm stock opened at $186.56 on Tuesday. The firm has a market cap of $196.63 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 5.44 and a beta of 1.63. Qualcomm has a 52 week low of $121.99 and a 52 week high of $259.92. The business’s 50-day moving average price is $208.10 and its 200 day moving average price is $168.10. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. During the same period in the previous year, the company posted $2.85 earnings per share. Qualcomm’s revenue for the quarter was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, sell-side analysts anticipate that Qualcomm will post 7.96 earnings per share for the current year.

Qualcomm announced that its board has initiated a stock buyback program on Tuesday, March 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $197.35, for a total value of $493,375.00. Following the completion of the sale, the executive vice president directly owned 25,684 shares in the company, valued at $5,068,737.40. This represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,721 shares of company stock valued at $3,918,290 in the last 90 days. Corporate insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Qualcomm by 116.6% in 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 during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Qualcomm by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after purchasing an additional 340 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Qualcomm by 44.3% in the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after purchasing an additional 1,020 shares in the last quarter. Main Street Financial Solutions LLC increased its holdings in shares of Qualcomm by 6.1% in the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock valued at $920,000 after purchasing an additional 333 shares during the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of Qualcomm by 9.7% in the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock valued at $1,083,000 after purchasing an additional 603 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: DBS Bank upgraded Qualcomm to moderate buy, suggesting improved analyst confidence in the stock’s outlook. Read More
• Positive Sentiment: Recent commentary highlighted Qualcomm’s push into AI chips and factory-related opportunities, with some analysts arguing the company could benefit if semiconductor demand broadens beyond the biggest AI names. Article Title
• Positive Sentiment: Several pieces noted Qualcomm could be fairly valued or potentially undervalued on some metrics, which may attract investors looking for a rebound after recent underperformance. Article Title

About Qualcomm

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.