B of A Securities Reiterates Sell Rating on QUALCOMM
B of A Securities maintains a sell rating on QUALCOMM with a $195 price target, a 1.22% downside from the current price.
Key Points
- B of A Securities reiterated its sell rating on QUALCOMM with a $195 price target on June 23, 2026.
- B of A Securities's $195 price target implies 1.22% downside from QUALCOMM Incorporated's ($QCOM) current $197.41 share price.
- QUALCOMM shares traded at $221.9 on Tuesday, with a market cap of approximately $233.9 billion.
- Insiders at QUALCOMM, including EVP Akash Palkhiwala, have been selling shares in planned transactions.
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B of A Securities reiterated its sell rating on QUALCOMM Incorporated (NasdaqGS: QCOM) on June 23, 2026, maintaining a price target of $195. On that day, QUALCOMM shares traded around $221.9.
B of A Securities vs. the S&P 500
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Other Institutional Activity in QUALCOMM
Several major funds have been adjusting their positions in QUALCOMM. BlackRock, Inc. increased its holdings by 5,875,924 shares, ending with 106,015,881 shares worth about $13.65 billion. Vanguard Capital Management LLC opened a new position with 69,341,312 shares valued at approximately $8.93 billion. State Street Corp reduced its stake by 854,343 shares, leaving it with 52,091,726 shares valued at $6.71 billion. Charles Schwab Investment Management Inc significantly boosted its holdings by 24,234,489 shares, reaching a total of 30,864,702 shares worth $3.97 billion.
QUALCOMM Incorporated Stock Up 20.2%
On Tuesday, QUALCOMM shares were trading near $221.9. The company has a market cap of about $233.9 billion, with a P/E ratio of 23.9 and a forward P/E of 20.8. Its beta is 1.596, indicating higher volatility compared to the market. The stock's 52-week range spans from $121.99 to $259.92, with a 50-day moving average of $191.43 and a 200-day moving average of $166.81.
$QCOM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
QUALCOMM reported revenue of $44.49 billion, though it experienced a slight decline of 3.5% in revenue growth. The company achieved an EPS of $9.29, with a net margin of 22.3% and a return on equity of 36.1%. Its next earnings report is expected on July 29, 2026.
Dividend
QUALCOMM offers an annual dividend rate of $3.68, yielding 1.63%, with a payout ratio of 38.3%.
Insider Buying and Selling at QUALCOMM Incorporated
Recent insider activity at QUALCOMM shows planned sales by executives. On June 11, 2026, EVP Akash Palkhiwala sold 2,500 shares at an average price of $197.35. Patricia Grech, SVP and Chief Accounting Officer, sold shares on multiple occasions, including 829 shares at $201.77 on May 21, 2026.
Analysts Set New Price Targets
On June 23, 2026, B of A Securities maintained its sell rating on QUALCOMM with a $195 target. Other analysts have varied views: Cantor Fitzgerald maintained a hold rating with a $200 target on June 22, and Tigress Financial maintained a buy rating with a $280 target on May 8. The consensus recommendation is to hold, with an average target price of $183.83 based on 30 analyst opinions.
About QUALCOMM
QUALCOMM Incorporated, based in San Diego, California, is a leading player in the technology sector, particularly in semiconductors. The company develops and licenses wireless technology and invests in early-stage companies across various industries, including 5G and IoT. Led by CEO Cristiano Renno Amon, QUALCOMM employs around 52,000 people worldwide.
Bottom Line
QUALCOMM remains a closely watched stock, with B of A Securities reiterating its sell rating and a target price of $195. Investors should note that 13F filings and analyst ratings are backward-looking and may not reflect current positions or future performance. QUALCOMM's position as a major semiconductor player keeps it under the spotlight for institutional and individual investors alike.
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