Investment analysts at Wall Street Zen have upgraded QUALCOMM (NASDAQ: QCOM) from a “hold” rating to a “buy” rating, reflecting a positive outlook for the wireless technology company. This upgrade follows a series of favorable assessments from other financial institutions, strengthening the stock’s market position.
On November 4, JPMorgan Chase & Co. raised its price target on QUALCOMM from $200.00 to $210.00 while assigning an “overweight” rating. Cowen echoed this sentiment by restating a “buy” rating on November 6, further enhancing investor confidence. Mizuho also increased its price target from $185.00 to $200.00, designating the stock as “outperform.” In contrast, Weiss Ratings maintained a “hold (c)” rating on the same day. Piper Sandler joined the trend by raising its price objective from $175.00 to $200.00, also labeling the company as “overweight.”
Currently, one analyst has assigned QUALCOMM a Strong Buy rating, while thirteen others have given it a Buy rating. Nine analysts have rated it as Hold, and one has issued a Sell rating. According to MarketBeat data, the stock enjoys a consensus rating of “Moderate Buy” with an average target price set at $190.38.
Positive Financial Performance
On November 5, QUALCOMM announced its quarterly earnings, reporting earnings per share (EPS) of $3.00, surpassing analysts’ expectations of $2.87 by $0.13. The company generated revenue of $11.27 billion, exceeding predictions of $10.74 billion. The significant growth reflects a 10% increase in revenue compared to the same quarter last year and a robust return on equity of 40.35% with a net margin of 26.77%.
For the upcoming first quarter of 2026, QUALCOMM has set an EPS guidance range of $3.300 to $3.500. Analysts predict an average EPS of 9.39 for the current fiscal year.
Insider Activity and Institutional Investments
Recent insider transactions reveal significant stock sales. On November 21, Chief Accounting Officer Patricia Y. Grech sold 513 shares for approximately $82,567.35, reducing her position by 71.65%. Similarly, CEO Cristiano R. Amon sold 150,000 shares on October 1, totaling about $24.83 million, which decreased his holdings by 50.12%. Over the last ninety days, insiders have sold 164,661 shares valued at $27.29 million, while insiders currently own just 0.08% of the company.
Institutional investors have also been active in the stock, with Vermillion & White Wealth Management Group LLC increasing its holdings by 122.4% in the first quarter. They now own 169 shares valued at $26,000 after acquiring an additional 93 shares. Harbor Capital Advisors Inc. raised its stake by 72.2%, bringing its total to 155 shares worth $26,000, while other firms, including Chung Wu Investment Group LLC and Harbor Asset Planning Inc., have also established new positions in QUALCOMM. Overall, institutional investors hold a substantial 74.35% of the company’s stock.
QUALCOMM Incorporated is a global leader in the development and commercialization of foundational technologies for the wireless industry. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The QCT segment focuses on integrated circuits and system software for wireless communications and networking.
As QUALCOMM continues to navigate the competitive landscape, the recent upgrades and strong financial performance position it favorably for future growth in the wireless technology sector.
