Bank of America Downgrades QUALCOMM (NASDAQ:QCOM) to Neutral

QUALCOMM (NASDAQ:QCOM) was downgraded by stock analysts at Bank of America from a “buy” rating to a “neutral” rating in a report issued on Thursday, Marketbeat Ratings reports. They currently have a $155.00 price objective on the wireless technology company’s stock. Bank of America‘s price objective would suggest a potential upside of 12.86% from the stock’s previous close.

Other analysts have also issued reports about the company. Susquehanna set a $210.00 price objective on QUALCOMM in a research note on Thursday, November 6th. Sanford C. Bernstein restated an “outperform” rating and issued a $200.00 price target on shares of QUALCOMM in a research note on Monday. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Wells Fargo & Company increased their price objective on shares of QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research note on Thursday, November 6th. Finally, Mizuho cut their target price on shares of QUALCOMM from $175.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, January 26th. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, QUALCOMM has an average rating of “Hold” and an average target price of $167.68.

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM opened at $137.34 on Thursday. QUALCOMM has a 1 year low of $120.80 and a 1 year high of $205.95. The stock has a market capitalization of $146.54 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 3.05 and a beta of 1.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 2.10. The company’s 50 day simple moving average is $167.14 and its 200 day simple moving average is $164.91.

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

Insider Activity

In other news, EVP Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the sale, the executive vice president directly owned 35,599 shares in the company, valued at $4,900,202.35. This represents a 8.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the completion of the transaction, the executive vice president owned 26,071 shares in the company, valued at approximately $4,640,898.71. The trade was a 37.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 43,017 shares of company stock valued at $7,462,875. 0.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QUALCOMM

Large investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. boosted its holdings in shares of QUALCOMM by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after buying an additional 65 shares in the last quarter. Cloud Capital Management LLC acquired a new position in shares of QUALCOMM during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. lifted its position 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 valued at $29,000 after acquiring an additional 80 shares during the period. Torren Management LLC bought a new position in QUALCOMM during the fourth quarter worth $29,000. Finally, Glass Jacobson Investment Advisors llc grew its holdings in QUALCOMM by 113.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock worth $32,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Key QUALCOMM News

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Q1 beat — Qualcomm reported adjusted EPS of $3.50 and strong revenue in automotive/handsets, beating consensus and showing demand in non‑handset end markets. Qualcomm Surpasses Q1 Earnings
• Positive Sentiment: Analysts still see upside — Several firms cut price targets but kept positive stances (Argus lowered PT to $180, JPMorgan to $185, Rosenblatt reiterated buy), leaving multi‑dozen percent upside from current levels according to those shops; this supports short‑covering/relief buying. Analyst Price Target Changes
• Neutral Sentiment: Market view is mixed/hold consensus — Broker consensus sits around “Hold” as firms reassess forward visibility; that keeps headline analyst guidance fragmented and can sustain volatility until memory supply clarity arrives. Consensus Rating of Hold
• Neutral Sentiment: Technicals/positioning matter — Coverage notes Qualcomm has moved back to 2020 price levels and is extremely oversold; that can produce sharp, short‑term bounces even if fundamentals remain challenged. Qualcomm Is Back at 2020 Levels
• Negative Sentiment: Weak Q2 guidance driven by memory shortage — Management warned memory constraints will limit handset shipments and revenue in the near term; that outlook triggered the large post‑earnings drop and remains the main fundamental headwind. Memory Shortage Report
• Negative Sentiment: Analyst cuts and downgrades — Some firms (Evercore cut PT to $134, Bank of America moved to neutral) reduced forecasts after the cautious outlook, increasing near‑term downside risk if memory issues persist. Analyst Forecast Cuts
• Negative Sentiment: Volatility risk remains high — The combination of supply uncertainty, heavy post‑earnings selling, and mixed analyst views means QCOM can swing sharply; expect elevated intraday moves and headline sensitivity until memory supply trends or handset orders normalize. CNBC Coverage of Selloff

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.