Rosenblatt Securities Has Lowered Expectations for Qualcomm (NASDAQ:QCOM) Stock Price

Qualcomm (NASDAQ:QCOM) had its target price lowered by equities researchers at Rosenblatt Securities from $265.00 to $235.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the wireless technology company’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 59.20% from the stock’s current price.

QCOM has been the subject of several other reports. Melius Research set a $220.00 price target on Qualcomm in a report on Monday, May 18th. Dbs Bank upgraded Qualcomm to a “moderate buy” rating in a report on Tuesday, July 7th. Wells Fargo & Company lifted their price objective on Qualcomm from $230.00 to $265.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. upped their target price on Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a research note on Friday, June 5th. Finally, Craig Hallum downgraded Qualcomm from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $203.63.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $147.61 on Thursday. The company has a 50-day simple moving average of $198.21 and a 200-day simple moving average of $167.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.61. The company has a market cap of $154.99 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 4.50 and a beta of 1.63. Qualcomm has a 12 month low of $121.99 and a 12 month high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. During the same period in the previous year, the company posted $2.77 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities analysts anticipate that Qualcomm will post 7.98 earnings per share for the current year.

Insider Activity at Qualcomm

In related news, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 on Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total value of $529,750.00. Following the completion of the transaction, the executive vice president owned 28,184 shares in the company, valued at $5,972,189.60. The trade was a 8.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,529 shares of company stock worth $4,011,441 in the last 90 days. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

Several hedge funds and other institutional investors have recently modified their holdings of QCOM. Richardson Financial Services Inc. grew its holdings in shares of Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 80 shares during the period. Torren Management LLC purchased a new position in Qualcomm in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd raised its holdings in Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 170 shares during the period. Birchwood Financial Partners Inc. acquired a new position in Qualcomm during the fourth quarter valued at approximately $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in Qualcomm during the fourth quarter valued at approximately $32,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s fiscal third-quarter revenue reached $9.95 billion, exceeding expectations, while Automotive and IoT growth offset weakness in handsets. Automotive revenue reached a record level, and management raised its automotive outlook to approximately $7 billion. QCOM Q2 Deep Dive: Data Center and Automotive Growth Offset Smartphone Headwinds
• Positive Sentiment: The company is expanding into AI, data centers and connected vehicles, targeting $40 billion in non-handset revenue by fiscal 2029. These initiatives could reduce Qualcomm’s dependence on smartphones and Apple over time. QCOM Q3 Earnings Call Highlights AI Expansion
• Positive Sentiment: Semiconductor-focused ETFs attracted substantial inflows this week as strong technology earnings improved sentiment across the chip sector, providing a supportive backdrop for Qualcomm and other semiconductor stocks. Semiconductor ETFs Draw Cash This Week as Chip Stocks Rally
• Neutral Sentiment: Qualcomm’s next-quarter revenue outlook, with a midpoint of $10.1 billion, was slightly above analyst expectations. However, analysts remain divided: TD Cowen and Rosenblatt maintained buy ratings after reducing their price targets, while UBS, Susquehanna and Morgan Stanley also lowered targets amid increased risk concerns.
• Negative Sentiment: Adjusted third-quarter earnings of $2.21 per share narrowly missed consensus estimates and declined from $2.77 a year earlier. The company’s forecast for roughly $2.05–$2.25 in next-quarter EPS was viewed as weak, reflecting rising memory costs and margin pressure. Qualcomm shares slide as higher costs, Apple-related weakness cloud profit forecast
• Negative Sentiment: Management warned that Apple-related revenue declines are accelerating as Apple expands its own modem capabilities. Handset revenue fell about 20%, raising concerns that near-term smartphone weakness will outweigh growth in Automotive, IoT and data-center businesses. Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate

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.