QUALCOMM (NASDAQ:QCOM) Upgraded to “Buy” at Wall Street Zen

QUALCOMM (NASDAQ:QCOM) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Several other brokerages also recently weighed in on QCOM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a report on Tuesday, November 25th. TD Cowen raised their price objective on shares of QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. JPMorgan Chase & Co. boosted their target price on QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Finally, Cowen reissued a “buy” rating on shares of QUALCOMM in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.38.

QUALCOMM Trading Up 1.6%

NASDAQ:QCOM opened at $167.79 on Monday. QUALCOMM has a 12-month low of $120.80 and a 12-month high of $205.95. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The stock’s 50 day simple moving average is $169.36 and its 200-day simple moving average is $160.50. The firm has a market cap of $179.70 billion, a P/E ratio of 16.18, a PEG ratio of 2.59 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. The firm had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the company earned $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities analysts anticipate that QUALCOMM will post 9.39 EPS for the current year.

Insider Transactions at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $170.33, for a total value of $567,709.89. Following the sale, the chief financial officer owned 33,208 shares in the company, valued at $5,656,318.64. This represents a 9.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the transaction, the insider directly owned 19,593 shares of the company’s stock, valued at $3,387,041.91. The trade was a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 167,791 shares of company stock worth $27,781,124 over the last quarter. Insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On QUALCOMM

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. lifted its stake in QUALCOMM by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 65 shares during the last quarter. Cloud Capital Management LLC bought a new position in shares of QUALCOMM during the third quarter worth about $27,000. Vermillion & White Wealth Management Group LLC increased its holdings in shares of QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 93 shares during the period. Harbor Asset Planning Inc. bought a new stake in QUALCOMM in the 2nd quarter valued at about $32,000. Finally, Lavaca Capital LLC acquired a new position in QUALCOMM during the 2nd quarter valued at about $32,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

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.