Morgan Stanley Has Lowered Expectations for Qualcomm (NASDAQ:QCOM) Stock Price

Posted by George Bondi on Jul 30th, 2026

Qualcomm (NASDAQ:QCOM – Get Free Report) had its target price decreased by research analysts at Morgan Stanley from $231.00 to $220.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the wireless technology company’s stock. Morgan Stanley’s price target would indicate a potential upside of 41.32% from the company’s current price.

Other analysts have also issued reports about the stock. Raymond James Financial initiated coverage on shares of Qualcomm in a research note on Thursday, June 25th. They set a “strong-buy” rating for the company. UBS Group set a $300.00 target price on Qualcomm in a research note on Monday. HSBC reaffirmed a “hold” rating on shares of Qualcomm in a report on Wednesday, July 15th. Susquehanna upped their target price on shares of Qualcomm from $160.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Finally, TD Cowen lifted their price target on shares of Qualcomm from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Qualcomm currently has an average rating of “Hold” and a consensus target price of $227.23.

View Our Latest Stock Analysis on QCOM

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $155.68 on Thursday. The company has a 50 day simple moving average of $201.26 and a two-hundred day simple moving average of $167.94. Qualcomm has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a market capitalization of $164.09 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 4.84 and a beta of 1.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37.

Qualcomm (NASDAQ:QCOM – Get Free Report) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same period in the prior year, the company posted $2.77 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts expect that Qualcomm will post 7.98 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the sale, the executive vice president directly owned 39,735 shares in the company, valued at approximately $7,065,677.70. This represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the transaction, the executive vice president directly owned 28,184 shares in the company, valued at $5,972,189.60. The trade was a 8.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 21,529 shares of company stock worth $4,011,441. 0.05% of the stock is owned by company insiders.

Hedge Funds Weigh In On Qualcomm

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. raised its position in Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after buying an additional 80 shares during the last quarter. Torren Management LLC acquired a new stake in Qualcomm during the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd grew its position in shares of Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares during the period. Birchwood Financial Partners Inc. acquired a new stake in Qualcomm in the fourth quarter valued at approximately $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in Qualcomm in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: Qualcomm secured a long-term agreement to become BMW Group’s lead compute-silicon provider for digital cockpits and advanced driver-assistance systems through the next decade. The deal supports growth in automotive and reduces reliance on smartphones. Qualcomm wins BMW chip supply deal
Positive Sentiment: The completed all-stock acquisition of Modular adds AI-native software for optimizing generative and agentic AI workloads across edge, cloud and data-center systems, supporting Qualcomm’s broader AI expansion strategy. Qualcomm completes acquisition of Modular
Positive Sentiment: Quarterly revenue of $9.95 billion exceeded the $9.69 billion consensus estimate, while automotive growth and continued efforts to diversify beyond handsets provide longer-term support. Qualcomm Q3 highlights

About Qualcomm

(Get Free Report)

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.