QUALCOMM (NASDAQ:QCOM) Stock Rating Upgraded by Royal Bank Of Canada

Key Points

• Royal Bank of Canada upgraded QUALCOMM (NASDAQ:QCOM) to a "hold"; the stock has a consensus rating of Moderate Buy from analysts with an average price target of $190.95 (12 Buy, 9 Hold, 1 Sell).
• QUALCOMM topped estimates last quarter with EPS of $3.00 versus $2.87 expected and revenue of $11.27 billion versus $10.74 billion, and provided Q1 2026 guidance of $3.30–$3.50 EPS.
• Insiders have recently reduced holdings, selling 53,155 shares worth about $9.27 million in the past three months, while the stock opened Wednesday at $161.39 with a market cap of $172.85 billion.

QUALCOMM (NASDAQ:QCOM - Get Free Report) was upgraded by analysts at Royal Bank Of Canada to a "hold" rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of QUALCOMM from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 4th. Susquehanna set a $210.00 price target on QUALCOMM in a research note on Thursday, November 6th. Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a report on Tuesday, December 9th. Piper Sandler upped their price objective on QUALCOMM from $175.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, November 6th. Finally, Cowen reiterated a "buy" rating on shares of QUALCOMM in a research report on Thursday, November 6th. Twelve research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, QUALCOMM presently has a consensus rating of "Moderate Buy" and an average price target of $190.95.

QUALCOMM Stock Performance

Shares of QCOM opened at $161.39 on Wednesday. The firm has a market cap of $172.85 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 3.60 and a beta of 1.21. The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70. The business's 50 day moving average is $172.33 and its two-hundred day moving average is $165.60. QUALCOMM has a 52-week low of $120.80 and a 52-week high of $205.95.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly 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 during the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Analysts forecast that QUALCOMM will post 9.39 EPS for the current fiscal year.

Insider Activity at QUALCOMM

In other QUALCOMM news, EVP Ann C. Chaplin sold 7,180 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the sale, the executive vice president directly owned 23,944 shares of the company's stock, valued at $4,262,750.32. This trade represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction on Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the sale, the insider owned 19,593 shares in the company, valued at $3,387,041.91. The trade was a 7.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 53,155 shares of company stock valued at $9,267,593. 0.08% of the stock is owned by insiders.

Institutional Trading of QUALCOMM

Large investors have recently modified their holdings of the company. Guinness Asset Management LTD grew its position in shares of QUALCOMM by 11.6% in the second quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company's stock valued at $8,824,000 after purchasing an additional 5,779 shares during the last quarter. CORDA Investment Management LLC. boosted its stake in QUALCOMM by 18.6% during the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company's stock valued at $3,579,000 after purchasing an additional 3,524 shares during the period. Westerkirk Capital Inc. acquired a new stake in QUALCOMM in the 2nd quarter valued at approximately $4,539,000. MASTERINVEST Kapitalanlage GmbH bought a new position in QUALCOMM in the 2nd quarter worth approximately $3,896,000. Finally, Great Lakes Retirement Inc. lifted its holdings in shares of QUALCOMM by 8.0% during the second quarter. Great Lakes Retirement Inc. now owns 21,687 shares of the wireless technology company's stock worth $3,454,000 after buying an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Company Profile

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.

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