Citigroup Issues Pessimistic Forecast for QUALCOMM (NASDAQ:QCOM) Stock Price (2025)

QUALCOMM (NASDAQ:QCOM - Free Report) had its price target reduced by Citigroup from $185.00 to $145.00 in a research report released on Friday,Benzinga reports. Citigroup currently has a neutral rating on the wireless technology company's stock.

A number of other equities research analysts have also recently issued reports on the company. Piper Sandler dropped their price objective on QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Evercore ISI dropped their price target on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Barclays decreased their price objective on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. StockNews.com cut shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, QUALCOMM presently has an average rating of "Hold" and an average price target of $201.21.

Check Out Our Latest Stock Analysis on QUALCOMM

QUALCOMM Stock Down 0.4 %

QUALCOMM stock traded down $0.59 during mid-day trading on Friday, reaching $138.60. The company's stock had a trading volume of 6,334,319 shares, compared to its average volume of 8,872,485. The business's 50 day simple moving average is $155.15 and its 200 day simple moving average is $161.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. QUALCOMM has a 12 month low of $120.80 and a 12 month high of $230.63. The company has a market capitalization of $153.29 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. As a group, research analysts anticipate that QUALCOMM will post 9.39 earnings per share for the current year.

Insider Buying and Selling at QUALCOMM

In related news, CAO Neil Martin sold 744 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $174.83, for a total value of $130,073.52. Following the completion of the transaction, the chief accounting officer now owns 461 shares of the company's stock, valued at $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $169.80, for a total transaction of $509,400.00. Following the sale, the chief financial officer now directly owns 63,115 shares of the company's stock, valued at $10,716,927. This represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,666 shares of company stock valued at $5,047,052 in the last three months. Corporate insiders own 0.08% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in QCOM. Kohmann Bosshard Financial Services LLC bought a new position in shares of QUALCOMM in the 4th quarter valued at $26,000. Banque Transatlantique SA acquired a new stake in QUALCOMM in the fourth quarter valued at about $26,000. CKW Financial Group bought a new position in QUALCOMM in the fourth quarter valued at about $27,000. WFA Asset Management Corp acquired a new position in QUALCOMM during the first quarter worth about $27,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of QUALCOMM in the 4th quarter valued at approximately $29,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

About QUALCOMM

(Get Free Report)

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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