Qualcomm Incorporated (NASDAQ:QCOM) Receives Average Rating of “Hold” from Brokerages

Shares of Qualcomm Incorporated (NASDAQ:QCOM) have been assigned an average rating of “Hold” from the thirty-four research firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $181.7857.

Several equities research analysts have issued reports on QCOM shares. Citigroup lifted their target price on shares of Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Robert W. Baird set a $300.00 target price on shares of Qualcomm in a research report on Friday, May 1st. The Goldman Sachs Group started coverage on shares of Qualcomm in a research report on Monday, March 30th. They set a “neutral” rating and a $135.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $190.00 target price on shares of Qualcomm in a research report on Thursday, April 30th.

Qualcomm Trading Down 5.7%

Shares of Qualcomm stock opened at $205.42 on Wednesday. Qualcomm has a 1 year low of $121.99 and a 1 year high of $259.92. The firm has a market cap of $216.51 billion, a PE ratio of 22.33, a PEG ratio of 26.97 and a beta of 1.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The company has a 50 day simple moving average of $179.97 and a two-hundred day simple moving average of $164.02.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same period in the previous year, the business 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. Analysts expect that Qualcomm will post 7.99 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.8%. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s payout ratio is 40.00%.

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

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: NVIDIA CEO Jensen Huang publicly endorsed Qualcomm, saying investors should “buy their stock,” which sparked after-hours buying and reinforces confidence in Qualcomm’s positioning in mobile and AI-related chips.
• Positive Sentiment: Qualcomm is expanding beyond smartphones with new edge AI partnerships, including an AI-powered enterprise conference platform with Primax Electronics and edge AI collaborations with SLB and SDG&E/Scripps, supporting the company’s diversification story.
• Positive Sentiment: Qualcomm continues to build momentum in its Dragonwing edge AI ecosystem, with ecosystem partners showcasing new products at Computex 2026, which may help validate long-term demand for its non-mobile chip platforms.
• Neutral Sentiment: Recent commentary highlights a valuation debate: some analysts and articles question whether Qualcomm’s strong multi-year run has already priced in much of the AI and growth upside.
• Neutral Sentiment: Short-interest data in the latest filing showed no meaningful short position change, so there is no clear evidence of a new bearish positioning shift specific to Qualcomm.
• Negative Sentiment: Marketwide semiconductor weakness is weighing on sentiment, with reports of a sector correction and increased short selling hitting chip stocks broadly, including Qualcomm.

Insider Buying and Selling at Qualcomm

In other news, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the sale, the chief executive officer directly owned 197,568 shares in the company, valued at approximately $35,562,240. The trade was a 4.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total transaction of $529,750.00. Following the completion of the sale, the executive vice president owned 28,184 shares of the company’s stock, valued at approximately $5,972,189.60. The trade was a 8.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 19,306 shares of company stock valued at $3,435,583. Insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Qualcomm

A number of hedge funds have recently made changes to their positions in the business. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Qualcomm by 2.3% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 29,713 shares of the wireless technology company’s stock worth $3,826,000 after acquiring an additional 665 shares during the last quarter. Chelsea Counsel Co. lifted its holdings in shares of Qualcomm by 12.0% in the 1st quarter. Chelsea Counsel Co. now owns 6,518 shares of the wireless technology company’s stock worth $839,000 after acquiring an additional 700 shares during the last quarter. CoreFirst Bank & Trust lifted its holdings in shares of Qualcomm by 17.3% in the 1st quarter. CoreFirst Bank & Trust now owns 712 shares of the wireless technology company’s stock worth $92,000 after acquiring an additional 105 shares during the last quarter. First Nebraska Trust Co bought a new stake in shares of Qualcomm in the 1st quarter worth approximately $17,774,000. Finally, Financial Solutions Advisory Group Inc. bought a new stake in shares of Qualcomm in the 1st quarter worth approximately $368,000. 74.35% of the stock is currently owned by institutional investors.

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.