Argus Has Lowered Expectations for QUALCOMM (NASDAQ:QCOM) Stock Price

06 Feb 2026, 13:22 by Amy Steele · The Cerbat Gem

QUALCOMM (NASDAQ:QCOM – Get Free Report) had its price objective decreased by research analysts at Argus from $205.00 to $180.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the wireless technology company’s stock. Argus’ price objective points to a potential upside of 30.31% from the stock’s current price.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada lowered their price target on shares of QUALCOMM from $180.00 to $150.00 and set a “sector perform” rating for the company in a research note on Thursday. Piper Sandler reiterated an “overweight” rating and issued a $200.00 price objective on shares of QUALCOMM in a report on Thursday. Susquehanna cut QUALCOMM from a “positive” rating to a “neutral” rating and set a $140.00 target price for the company. in a report on Thursday. Mizuho decreased their price target on QUALCOMM from $160.00 to $140.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Robert W. Baird set a $177.00 price objective on QUALCOMM in a research note on Thursday. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $167.68.

Check Out Our Latest Research Report on QCOM

QUALCOMM Price Performance

Shares of QCOM traded up $1.83 during midday trading on Friday, reaching $138.13. The stock had a trading volume of 6,987,301 shares, compared to its average volume of 10,539,174. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $147.53 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 3.33 and a beta of 1.22. The company’s 50-day moving average is $167.75 and its 200 day moving average is $165.06. QUALCOMM has a 12-month low of $120.80 and a 12-month high of $205.95.

QUALCOMM (NASDAQ:QCOM – Get Free Report) last issued its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.12. The business had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. QUALCOMM had a return on equity of 43.08% and a net margin of 11.96%.QUALCOMM’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.41 earnings per share. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, equities analysts predict that QUALCOMM will post 9.39 EPS for the current fiscal year.

Insider Activity at QUALCOMM

In other QUALCOMM news, EVP Akash J. Palkhiwala sold 10,000 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $175.12, for a total value of $1,751,200.00. Following the completion of the transaction, the executive vice president directly owned 44,803 shares in the company, valued at approximately $7,845,901.36. This represents a 18.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Patricia Y. Grech sold 513 shares of QUALCOMM stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $160.95, for a total transaction of $82,567.35. Following the sale, the chief accounting officer directly owned 203 shares in the company, valued at $32,672.85. The trade was a 71.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,684 shares of company stock valued at $7,004,088 in the last 90 days. 0.05% of the stock is owned by company insiders.

Hedge Funds Weigh In On QUALCOMM

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Guinness Asset Management LTD grew its holdings in QUALCOMM by 11.6% during the 2nd quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock valued at $8,824,000 after buying an additional 5,779 shares in the last quarter. CORDA Investment Management LLC. raised its stake in QUALCOMM by 18.6% during the second 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 in the last quarter. Westerkirk Capital Inc. bought a new position in QUALCOMM during the second quarter valued at $4,539,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of QUALCOMM in the 2nd quarter worth $3,896,000. Finally, Inscription Capital LLC increased its holdings in shares of QUALCOMM by 58.1% in the 3rd quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock worth $2,172,000 after buying an additional 4,799 shares during the last quarter. 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: QCOM beat expectations for fiscal Q1 — EPS topped estimates and revenue was roughly in line, driven by strength in automotive and handset businesses, giving investors a reason to buy the dip. Read More.
Positive Sentiment: Management and the CEO stressed the problem is a memory supply constraint rather than weak handset demand, implying sales should recover once memory availability improves. Read More.
Positive Sentiment: Some sell‑side firms remain constructive or keep overweight/buy stances even while trimming targets, supporting the case for a rebound if supply conditions normalize. Read More.
Neutral Sentiment: Qualcomm issued Q2 FY26 guidance (EPS 2.45–2.65; revenue $10.2–$11.0B), below consensus — the guidance is the catalyst for volatility but contains a range that leaves outcomes data‑dependent. Read More.
Neutral Sentiment: Earnings call transcript and slides are available for investors who want the granular color on end‑market timing, inventory dynamics and product mix. Read More.
Negative Sentiment: The stock plunged after the report as the memory‑driven outlook forced investors to mark down near‑term growth; headlines cited a >10% drop when guidance landed below estimates. Read More.
Negative Sentiment: Multiple analysts cut price targets/ratings following the cautious outlook (Evercore, Bank of America, Mizuho and others), increasing near‑term selling pressure and signaling less bullish consensus near term. Read More.
Negative Sentiment: Macro/structural concern: commentary and analysis warn that Qualcomm’s long‑term diversification story hasn’t yet offset handset exposure — some commentators view the report as a structural warning rather than a transient hiccup. Read More.

About QUALCOMM

(Get Free Report)

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.