Investment Analysts’ Recent Ratings Changes for QUALCOMM (QCOM)

A number of firms have modified their ratings and price targets on shares of QUALCOMM (NASDAQ: QCOM) recently:

  • 5/6/2019 – QUALCOMM was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Qualcomm reported solid second-quarter fiscal 2019 results with the top and bottom line beating the respective Zacks Consensus Estimate, driven by strength in both the operating segments owing to strong product leadership and operating expense management. The company is likely to benefit significantly from the settlement with Apple. Qualcomm also expects improving business conditions in the second half of fiscal 2019 on the back of new product launches as it aims to redefine the computing and mobile ecosystem across the globe. The stock has outperformed the industry in the past year on average. However, aggressive competition in the mobile phone chipset market is likely to hurt Qualcomm’s profitability. Although the global smartphone market is expected to maintain its momentum over the next three to four years, major portion of this growth is likely to come from the low-cost emerging markets, which may further exert pressure on its margins.”
  • 5/2/2019 – QUALCOMM was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating. They now have a $115.00 price target on the stock, up previously from $85.00.
  • 5/2/2019 – QUALCOMM had its price target raised by analysts at JPMorgan Chase & Co. from $88.00 to $96.00. They now have a “positive” rating on the stock.
  • 5/2/2019 – QUALCOMM had its price target raised by analysts at Cowen Inc from $91.00 to $100.00. They now have an “outperform” rating on the stock.
  • 5/2/2019 – QUALCOMM had its price target raised by analysts at Citigroup Inc from $55.00 to $85.00. They now have a “neutral” rating on the stock.
  • 5/2/2019 – QUALCOMM had its price target raised by analysts at Canaccord Genuity from $89.00 to $105.00. They now have a “buy” rating on the stock.
  • 5/2/2019 – QUALCOMM had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $100.00 price target on the stock, up previously from $96.00.
  • 5/2/2019 – QUALCOMM was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $105.00 price target on the stock, up previously from $90.00.
  • 5/2/2019 – QUALCOMM had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $90.00 price target on the stock, up previously from $82.00.
  • 5/2/2019 – QUALCOMM had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $84.00 price target on the stock. They wrote, “We think Qualcomm will continue to see weakness from the Android market in the second half of this year due to our belief that there will be an inventory correction in the Android market in late C3Q and C4Q. However, we see several catalysts for QCOM in 2H19 as many Chinese OEMs plan to launch their 5G smartphones in China in late C3Q (albeit at small volumes). In addition, we believe Apple (AAPL: Neutral) will begin to use Qualcomm modems again starting in the second half of this year. We maintain our Buy rating and $84 price target. We believe Chinese OEMs, as well as Samsung (SSNLF: NR), will become more aggressive when launching their 5G smartphones in mid-2020. We see Apple launching their regional 5G iPhone in the second half of 2020.””
  • 4/30/2019 – QUALCOMM had its “neutral” rating reaffirmed by analysts at Bank of America Corp. They now have a $90.00 price target on the stock, up previously from $71.00.
  • 4/29/2019 – QUALCOMM had its “hold” rating reaffirmed by analysts at Deutsche Bank AG.
  • 4/23/2019 – QUALCOMM was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $95.00 price target on the stock, up previously from $55.00.
  • 4/23/2019 – QUALCOMM had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $88.00 price target on the stock.
  • 4/23/2019 – QUALCOMM was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 4/18/2019 – QUALCOMM was upgraded by analysts at DZ Bank AG from a “hold” rating to a “buy” rating.
  • 4/17/2019 – QUALCOMM had its price target raised by analysts at Barclays PLC from $70.00 to $100.00. They now have an “overweight” rating on the stock.
  • 4/17/2019 – QUALCOMM was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $88.00 price target on the stock, up previously from $54.00.
  • 4/17/2019 – QUALCOMM had its price target raised by analysts at Raymond James from $65.00 to $85.00. They now have an “outperform” rating on the stock.
  • 4/17/2019 – QUALCOMM had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $91.00 price target on the stock, up previously from $70.00.
  • 4/17/2019 – QUALCOMM was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating.
  • 4/17/2019 – QUALCOMM had its “neutral” rating reaffirmed by analysts at Bank of America Corp. They now have a $71.00 price target on the stock, up previously from $60.00.
  • 4/17/2019 – QUALCOMM was given a new $60.00 price target on by analysts at Sanford C. Bernstein. They now have a “hold” rating on the stock.
  • 4/17/2019 – QUALCOMM was given a new $85.00 price target on by analysts at Macquarie. They now have a “buy” rating on the stock.
  • 4/17/2019 – QUALCOMM had its price target raised by analysts at Rosenblatt Securities from $70.00 to $82.00. They now have a “buy” rating on the stock.
  • 4/17/2019 – QUALCOMM had its price target raised by analysts at Argus to $95.00. They now have a “buy” rating on the stock.
  • 4/17/2019 – QUALCOMM had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $89.00 price target on the stock, up previously from $75.00.
  • 4/17/2019 – QUALCOMM had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $82.00 price target on the stock, up previously from $62.00.
  • 4/16/2019 – QUALCOMM was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 4/16/2019 – QUALCOMM was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $100.00 price target on the stock, up previously from $57.00.
  • 4/11/2019 – QUALCOMM was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 3/27/2019 – QUALCOMM is now covered by analysts at JPMorgan Chase & Co.. They set a “neutral” rating and a $54.00 price target on the stock.
  • 3/22/2019 – QUALCOMM was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of NASDAQ QCOM traded down $1.29 on Friday, hitting $81.52. The company’s stock had a trading volume of 1,350,147 shares, compared to its average volume of 23,148,306. QUALCOMM, Inc. has a 12-month low of $49.10 and a 12-month high of $90.34. The company has a market capitalization of $104.87 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.90 and a beta of 1.45. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.55 and a quick ratio of 1.39.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, May 1st. The wireless technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.07. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.83 billion. QUALCOMM had a net margin of 11.57% and a return on equity of 56.69%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 earnings per share. On average, analysts forecast that QUALCOMM, Inc. will post 3.32 EPS for the current fiscal year.



The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 6th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, June 5th. QUALCOMM’s dividend payout ratio is presently 77.74%.

In other news, SVP Erin L. Polek sold 6,118 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $89.26, for a total value of $546,092.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Inc/De Qualcomm sold 848,877 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $34.20, for a total transaction of $29,031,593.40. Following the completion of the transaction, the insider now directly owns 848,877 shares of the company’s stock, valued at approximately $29,031,593.40. The disclosure for this sale can be found here. In the last three months, insiders sold 949,832 shares of company stock valued at $37,443,538. Company insiders own 0.11% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of QCOM. Federated Investors Inc. PA raised its position in shares of QUALCOMM by 91.5% in the third quarter. Federated Investors Inc. PA now owns 94,917 shares of the wireless technology company’s stock valued at $6,837,000 after purchasing an additional 45,360 shares during the period. Personal Capital Advisors Corp grew its stake in shares of QUALCOMM by 17.3% in the fourth quarter. Personal Capital Advisors Corp now owns 5,902 shares of the wireless technology company’s stock worth $336,000 after acquiring an additional 872 shares during the last quarter. Radnor Capital Management LLC grew its stake in shares of QUALCOMM by 2.2% in the fourth quarter. Radnor Capital Management LLC now owns 27,907 shares of the wireless technology company’s stock worth $1,588,000 after acquiring an additional 600 shares during the last quarter. Hudson Capital Management LLC grew its stake in shares of QUALCOMM by 21.2% in the fourth quarter. Hudson Capital Management LLC now owns 22,843 shares of the wireless technology company’s stock worth $1,300,000 after acquiring an additional 3,994 shares during the last quarter. Finally, Boston Advisors LLC grew its stake in shares of QUALCOMM by 17.5% in the fourth quarter. Boston Advisors LLC now owns 4,025 shares of the wireless technology company’s stock worth $229,000 after acquiring an additional 600 shares during the last quarter. 82.04% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products 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 code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

Further Reading: Net Margin – Understanding the Different Kinds of Profit

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