QUALCOMM (NASDAQ:QCOM) Shares Down 2.2% After Analyst Downgrade

QUALCOMM Incorporated (NASDAQ:QCOM)’s share price fell 2.2% on Friday after Mizuho downgraded the stock from an outperform rating to a hold rating. Mizuho now has a $175.00 price target on the stock. QUALCOMM traded as low as $174.80 and last traded at $177.78. 9,645,324 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 9,028,583 shares. The stock had previously closed at $181.87.

Several other equities analysts have also recently issued reports on QCOM. UBS Group upped their price objective on QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of QUALCOMM in a research note on Monday, December 29th. Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a report on Thursday, November 6th. TD Cowen lifted their price objective on QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, Piper Sandler boosted their target price on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $191.56.

Insider Buying and Selling

In related news, CAO Patricia Y. Grech sold 203 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total transaction of $34,510.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the transaction, the executive vice president directly owned 26,071 shares in the company, valued at $4,640,898.71. The trade was a 37.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 53,155 shares of company stock valued at $9,267,593 over the last ninety days. 0.08% of the stock is owned by insiders.

QUALCOMM News Summary

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Analysts are rethinking Qualcomm’s investment story after new AI and Android-related announcements at CES, highlighting stronger on-device AI positioning and a broader competitive footprint that could lift long‑term growth expectations. Read More.
• Positive Sentiment: QCOM expanded automotive wins: a Hyundai Mobis partnership to co-develop software-defined vehicles and ADAS using Snapdragon Ride Flex — this could accelerate recurring software/processor revenue from autos. Read More.
• Positive Sentiment: Qualcomm struck a long‑term supply deal to provide infotainment tech for Volkswagen’s new software platform, reinforcing automotive content gains and multi-year revenue visibility. Read More.
• Positive Sentiment: JPMorgan and other CES takeaways show Qualcomm’s Snapdragon platforms are moving deeper into PCs and high‑end laptops, expanding TAM beyond phones and supporting the company’s diversification narrative. Read More.
• Positive Sentiment: Qualcomm showcased robot and AI compute use cases at CES (and in an investor video explaining humanoid-robot deployments), signaling on-device AI traction that supports higher-margin, software-enabled opportunities. Read More. • Read More.
• Neutral Sentiment: Technicals: MarketBeat notes Qualcomm is pressing a key resistance (~$183) after a tightening wedge; a decisive breakout could be bullish, but failure would keep the stock range‑bound — important near-term chart risk/reward ahead of earnings. Read More.
• Neutral Sentiment: Earnings preview: Analysts expect a modest, single‑digit EPS decline for the coming quarter, making the upcoming report a key catalyst — upside beats could drive a sharp move, misses could amplify downside. Read More.
• Neutral Sentiment: Increased investor attention noted by Zacks — higher search/flow can magnify moves in either direction as earnings approach. Read More.
• Negative Sentiment: Mizuho downgraded Qualcomm citing growing handset headwinds — persistent weakness in smartphone volumes/pricing could pressure near‑term earnings and margins, countering diversification gains. Read More.

Institutional Trading of QUALCOMM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QCOM. Clear Trail Advisors LLC purchased a new position in shares of QUALCOMM during the 4th quarter worth $709,000. SG Americas Securities LLC raised its holdings in QUALCOMM by 93.4% in the 4th quarter. SG Americas Securities LLC now owns 1,335,432 shares of the wireless technology company’s stock worth $228,426,000 after purchasing an additional 645,038 shares during the period. Charles Schwab Trust Co lifted its position in QUALCOMM by 7.3% during the fourth quarter. Charles Schwab Trust Co now owns 5,829 shares of the wireless technology company’s stock valued at $997,000 after purchasing an additional 397 shares in the last quarter. Aull & Monroe Investment Management Corp grew its holdings in QUALCOMM by 1.4% during the fourth quarter. Aull & Monroe Investment Management Corp now owns 5,435 shares of the wireless technology company’s stock valued at $930,000 after purchasing an additional 75 shares during the period. Finally, Affinity Capital Advisors LLC bought a new stake in QUALCOMM during the fourth quarter valued at about $241,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Stock Performance

The business has a 50-day simple moving average of $173.25 and a 200 day simple moving average of $165.44. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10. The firm has a market cap of $190.40 billion, a PE ratio of 36.36, a PEG ratio of 3.89 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The firm had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

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.