Qualcomm (NASDAQ:QCOM) Price Target Cut to $165.00 by Analysts at Susquehanna

Posted by Brian Himes on Nov 5th, 2026

Qualcomm (NASDAQ:QCOM – Get Free Report) had its target price dropped by stock analysts at Susquehanna from $185.00 to $165.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the wireless technology company’s stock. Susquehanna‘s target price indicates a potential downside of 4.73% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Freedom Capital upgraded Qualcomm from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Oppenheimer set a $200.00 price target on Qualcomm in a research note on Monday, July 27th. Arete Research upgraded Qualcomm to a “strong-buy” rating in a report on Friday, October 16th. Sanford C. Bernstein cut their price target on Qualcomm from $165.00 to $155.00 and set a “market perform” rating on the stock in a report on Monday. Finally, Barclays reaffirmed an “underweight” rating on shares of Qualcomm in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Qualcomm has a consensus rating of “Hold” and an average price target of $204.79.

View Our Latest Research Report on Qualcomm

Qualcomm Stock Up 5.3%

Qualcomm stock opened at $173.19 on Thursday. The company has a 50 day moving average of $178.23 and a 200-day moving average of $169.48. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm has a twelve month low of $121.99 and a twelve month high of $259.92. The stock has a market capitalization of $184.94 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 3.70 and a beta of 1.70.

Qualcomm (NASDAQ:QCOM – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The wireless technology company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.12 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the business posted $3.00 earnings per share. On average, equities research analysts anticipate that Qualcomm will post 7.71 EPS for the current fiscal year.

Insider Buying and Selling at Qualcomm

In other news, EVP Ann C. Chaplin sold 1,827 shares of the firm’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $174.75, for a total value of $319,268.25. Following the completion of the transaction, the executive vice president owned 25,770 shares in the company, valued at $4,503,307.50. This trade represents a 6.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $200.00, for a total value of $2,000,000.00. Following the completion of the sale, the chief executive officer directly owned 177,568 shares in the company, valued at approximately $35,513,600. This represents a 5.33% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 30,258 shares of company stock valued at $5,727,616. Corporate insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

Several institutional investors and hedge funds have recently bought and sold shares of QCOM. Csenge Advisory Group grew its stake in shares of Qualcomm by 13.2% in the third quarter. Csenge Advisory Group now owns 5,605 shares of the wireless technology company’s stock valued at $1,032,000 after buying an additional 653 shares in the last quarter. New York Life Investment Management LLC increased its holdings in Qualcomm by 4.8% during the third quarter. New York Life Investment Management LLC now owns 179,953 shares of the wireless technology company’s stock worth $33,119,000 after buying an additional 8,166 shares during the last quarter. Gen Wealth Partners Inc increased its holdings in Qualcomm by 12.8% during the third quarter. Gen Wealth Partners Inc now owns 1,869 shares of the wireless technology company’s stock worth $344,000 after buying an additional 212 shares during the last quarter. 71 West Capital Partners increased its holdings in Qualcomm by 28.3% during the third quarter. 71 West Capital Partners now owns 6,043 shares of the wireless technology company’s stock worth $1,112,000 after buying an additional 1,332 shares during the last quarter. Finally, Nemes Rush Group LLC raised its position in Qualcomm by 0.4% during the third quarter. Nemes Rush Group LLC now owns 137,715 shares of the wireless technology company’s stock worth $25,345,000 after acquiring an additional 570 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: SpaceX selected Qualcomm’s Dragonwing platforms and software for Starlink Mobile’s planned U.S. terrestrial 5G network. The multiyear agreement expands Qualcomm’s infrastructure business and is described as its largest 5G initiative to date. Reuters: Qualcomm signs major 5G infrastructure deal with SpaceX
Positive Sentiment: Qualcomm says non-handset revenue is expected to account for half of chip sales this fiscal year. Automotive revenue nearly doubled, and management highlighted a potential $15 billion data-center opportunity by fiscal 2029, supporting its diversification strategy. Qualcomm Q4 earnings call highlights
Neutral Sentiment: ETFs added about $112.7 million of Qualcomm shares in Tuesday’s session, indicating some institutional demand, though this may not offset concerns about the company’s operating outlook. Yahoo Finance: ETFs add Qualcomm holdings
Negative Sentiment: The latest quarter beat estimates narrowly, with EPS of $2.17 and revenue of roughly $10.4 billion, but revenue fell about 8% year over year. Smartphone-chip sales dropped 26%, weighing on revenue and chip margins; investors are also concerned that memory shortages could further pressure handset demand and that profit guidance was weaker than hoped. Reuters: Weak smartphone-chip sales overshadow data-center momentum

Qualcomm Company Profile

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Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.