QUALCOMM (NASDAQ:QCOM) Price Target Raised to $200.00

Key Points

• QUALCOMM's price target has been raised to $200.00 by both Susquehanna and JPMorgan Chase, indicating a potential upside of 18.46% from its previous closing price.
• The company's stock has a consensus rating of "Moderate Buy" with twelve analysts giving a Buy rating, while insider transactions reveal significant stock sales by CEO Cristiano R. Amon.
• QUALCOMM reported $2.77 earnings per share for the last quarter, exceeding analysts' expectations, and experienced 10.4% year-over-year revenue growth.

QUALCOMM (NASDAQ:QCOM - Get Free Report) had its target price raised by equities researchers at Susquehanna from $190.00 to $200.00 in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a "positive" rating on the wireless technology company's stock. Susquehanna's price objective would indicate a potential upside of 18.46% from the company's previous close.

A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of QUALCOMM in a report on Wednesday, October 8th. Piper Sandler reduced their price objective on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Finally, Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM currently has a consensus rating of "Moderate Buy" and a consensus price target of $183.27.

QUALCOMM Stock Up 1.1%

QUALCOMM stock opened at $168.83 on Wednesday. QUALCOMM has a twelve month low of $120.80 and a twelve month high of $182.10. The stock has a 50 day moving average of $162.68 and a two-hundred day moving average of $154.22. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $182.17 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.43 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period last year, the firm earned $2.33 EPS. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, research analysts expect that QUALCOMM will post 9.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the sale, the chief executive officer owned 149,304 shares of the company's stock, valued at $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 168,102 shares of company stock valued at $27,706,855. 0.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On QUALCOMM

A number of institutional investors have recently added to or reduced their stakes in the company. Earned Wealth Advisors LLC grew its position in QUALCOMM by 29.8% during the third quarter. Earned Wealth Advisors LLC now owns 2,371 shares of the wireless technology company's stock valued at $394,000 after acquiring an additional 545 shares during the period. Asset Management One Co. Ltd. grew its position in QUALCOMM by 1.2% during the third quarter. Asset Management One Co. Ltd. now owns 488,160 shares of the wireless technology company's stock valued at $81,210,000 after acquiring an additional 5,783 shares during the period. Fifth Third Wealth Advisors LLC grew its position in QUALCOMM by 1.6% during the third quarter. Fifth Third Wealth Advisors LLC now owns 24,511 shares of the wireless technology company's stock valued at $4,078,000 after acquiring an additional 380 shares during the period. Capital Advisors Inc. OK grew its position in QUALCOMM by 52.6% during the third quarter. Capital Advisors Inc. OK now owns 10,639 shares of the wireless technology company's stock valued at $1,770,000 after acquiring an additional 3,669 shares during the period. Finally, Davis Capital Management acquired a new position in shares of QUALCOMM during the third quarter worth about $896,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

About QUALCOMM

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

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