Qualcomm (NASDAQ:QCOM) Given New $180.00 Price Target at UBS Group

Key Points

• UBS lowered its Qualcomm price target from $185 to $180 and maintained a Neutral rating, implying about 14.8% upside from the prior close.
• Qualcomm shares fell 9.5% to $156.75 on Thursday. Analysts’ overall consensus remains Hold, with an average price target of $197.55.
• Quarterly earnings and revenue slightly beat expectations, but revenue fell 8.4% year over year; handset-market weakness and margin concerns are weighing on the outlook.

Qualcomm (NASDAQ:QCOM - Get Free Report) had its target price decreased by research analysts at UBS Group from $185.00 to $180.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a "neutral" rating on the wireless technology company's stock. UBS Group's target price suggests a potential upside of 14.83% from the company's previous close.

A number of other research firms have also recently weighed in on QCOM. HSBC reissued a "hold" rating on shares of Qualcomm in a research report on Wednesday, July 15th. Morgan Stanley reduced their target price on Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. TD Cowen decreased their price target on Qualcomm from $200.00 to $185.00 and set a "buy" rating for the company in a research note on Thursday. Rosenblatt Securities lowered their price target on Qualcomm from $235.00 to $205.00 and set a "buy" rating for the company in a report on Thursday. Finally, KeyCorp restated a "sector weight" rating on shares of Qualcomm in a research note on Wednesday, September 9th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $197.55.

Qualcomm Stock Down 9.5%

Shares of Qualcomm stock traded down $16.44 on Thursday, reaching $156.75. The stock had a trading volume of 40,048,324 shares, compared to its average volume of 15,183,347. The company has a 50 day moving average price of $178.09 and a 200 day moving average price of $169.47. 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 1 year low of $121.99 and a 1 year high of $259.92. The stock has a market capitalization of $167.38 billion, a P/E ratio of 18.14, a P/E/G ratio of 3.70 and a beta of 1.70.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.01. The company had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.12 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm's revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.00 earnings per share. As a group, equities research analysts forecast that Qualcomm will post 7.71 EPS for the current year.

Insider Transactions at Qualcomm

In other Qualcomm news, CEO Cristiano Amon sold 10,000 shares of the business's stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the sale, the chief executive officer owned 177,568 shares in the company, valued at approximately $35,513,600. The trade was a 5.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Grech sold 208 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $170.00, for a total value of $35,360.00. 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 30,258 shares of company stock worth $5,727,616. 0.05% of the stock is owned by insiders.

Institutional Investors Weigh In On Qualcomm

A number of large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Qualcomm during the second quarter worth about $17,583,115,000. State Street Corp increased its holdings in shares of Qualcomm by 1.3% in the 2nd quarter. State Street Corp now owns 52,763,263 shares of the wireless technology company's stock worth $9,750,123,000 after acquiring an additional 671,537 shares during the period. Van ECK Associates Corp lifted its position in Qualcomm by 22.7% in the 2nd quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company's stock valued at $3,178,872,000 after purchasing an additional 3,179,720 shares during the last quarter. Amundi lifted its position in Qualcomm by 94.1% in the 2nd quarter. Amundi now owns 10,195,741 shares of the wireless technology company's stock valued at $1,884,071,000 after purchasing an additional 4,942,908 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Qualcomm in the 2nd quarter valued at about $1,523,930,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reported fiscal Q4 adjusted earnings of $2.17 per share and revenue of about $10.44 billion, both slightly above analyst expectations. Automotive revenue surged about 89%, highlighting growth beyond phones. QCOM Q4 Earnings Beat Estimates on Robust Automotive Growth
• Positive Sentiment: SpaceX selected Qualcomm’s Dragonwing platforms and software for Starlink Mobile’s planned U.S. terrestrial 5G network, a multiyear opportunity Qualcomm called its largest 5G initiative to date. SpaceX signs deal with Qualcomm to provide network technology for U.S. mobile service
• Positive Sentiment: Management sees data-center expansion as a longer-term growth driver, targeting $5 billion in fiscal 2027 revenue from the business. However, that growth is still developing and may carry lower margins. QCOM Q4 Earnings Call Highlights Data Center Ramp and Handset Risks
• Negative Sentiment: Soft profit guidance overshadowed the beat. Handset weakness—including declining Apple-related sales—and a reported 26% drop in phone-chip revenue are weighing on the outlook; rising component costs and pressure on chip margins add to concerns. Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
• Negative Sentiment: Several analysts cut their price targets after results, citing handset-market risk and margin concerns, although some retained Buy ratings. Qualcomm Stock Forecast – Why Analysts Cut Price Targets After Q4 Results

About Qualcomm

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.

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