QUALCOMM (NASDAQ:QCOM) Upgraded to “Hold” at Royal Bank Of Canada

QUALCOMM (NASDAQ:QCOM) was upgraded by Royal Bank Of Canada to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

QCOM has been the topic of a number of other reports. Susquehanna set a $210.00 target price on QUALCOMM in a research note on Thursday, November 6th. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Mizuho set a $175.00 price objective on shares of QUALCOMM and gave the stock a “neutral” rating in a report on Friday, January 9th. Bank of America lifted their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Citigroup restated a “neutral” rating on shares of QUALCOMM in a research note on Thursday. Twelve investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.95.

QUALCOMM Stock Down 1.9%

Shares of QCOM opened at $161.39 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. The company has a 50-day simple moving average of $172.33 and a 200-day simple moving average of $165.60. QUALCOMM has a 52 week low of $120.80 and a 52 week high of $205.95. The firm has a market capitalization of $172.85 billion, a P/E ratio of 33.00, a P/E/G ratio of 3.60 and a beta of 1.21.

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

Insider Activity

In other news, EVP Ann C. Chaplin sold 7,180 shares of QUALCOMM stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the transaction, the executive vice president owned 23,944 shares in the company, valued at approximately $4,262,750.32. The trade was a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alexander H. Rogers sold 15,917 shares of the business’s stock in a transaction that occurred on 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 SEC filing for this sale provides additional information. Insiders sold a total of 53,155 shares of company stock worth $9,267,593 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On QUALCOMM

Institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. lifted its position in 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 bought a new position in QUALCOMM in the 3rd quarter worth approximately $27,000. Chung Wu Investment Group LLC acquired a new position in QUALCOMM during the 2nd quarter worth $32,000. Harbor Asset Planning Inc. bought a new position in QUALCOMM in the 2nd quarter valued at $32,000. Finally, Winnow Wealth LLC acquired a new stake in shares of QUALCOMM in the 2nd quarter valued at $32,000. Institutional investors own 74.35% of the company’s stock.

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.