Barclays Reiterates Sell Rating on QUALCOMM
QUALCOMM receives a reiterated sell rating from Barclays with a price target of $245, a 29.82% upside from the current price.
Key Points
- Barclays analyst Tom O'Malley reiterated a sell rating on QUALCOMM with a price target of $245 on June 25, 2026.
- Barclays's $245 price target implies 29.82% upside from QUALCOMM Incorporated's ($QCOM) current $188.72 share price.
- QUALCOMM shares traded around $204.9 on Friday, with a market cap of approximately $233.9 billion.
- Other analysts, including UBS and Citigroup, maintained hold ratings with varying price targets.
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On June 25, 2026, Barclays analyst Tom O'Malley reiterated a sell rating on QUALCOMM Incorporated (NasdaqGS:QCOM), setting a price target of $245. This update comes as QUALCOMM shares traded near $204.9 on Friday.
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Other Institutional Activity in QUALCOMM
Several institutional investors have recently adjusted their holdings in QUALCOMM. BlackRock, Inc. increased its position by 5,875,924 shares, bringing its total to 106,015,881 shares valued at approximately $13.65 billion. Vanguard Capital Management LLC opened a new position with 69,341,312 shares worth about $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, now holding 30,864,702 shares worth around $3.97 billion.
QUALCOMM Incorporated Stock Up 14.9%
Shares of NasdaqGS:QCOM traded near $204.9 on Friday. QUALCOMM has a market cap of about $233.9 billion, a P/E ratio of 23.89, and a forward P/E of 20.79. The stock's beta is 1.596, indicating higher volatility compared to the market. It has a 52-week low of $121.99 and a high of $259.92, with moving averages of $191.43 (50-day) and $166.81 (200-day). The company's current ratio is 2.37, and its quick ratio is 1.45, with a debt-to-equity ratio of 55.98.
$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, experiencing a slight decline of 3.5%. The company's net margin stands at 22.3%, and it has a return on equity of 36.1%. Earnings per share were $9.29. Investors are looking forward to the next earnings report on July 29, 2026.
Dividend
QUALCOMM offers an annual dividend rate of $3.68, yielding 1.63%. The dividend payout ratio is 38.3%.
Insider Buying and Selling at QUALCOMM Incorporated
Recent insider activity at QUALCOMM includes planned sales by EVP, CFO & COO Akash Palkhiwala, who sold 2,500 shares at an average price of $197.35 on June 11, 2026. Patricia Grech, SVP and Chief Accounting Officer, sold 829 shares at $201.77 on May 21, 2026, as part of planned transactions.
Analysts Set New Price Targets
On June 25, 2026, Barclays maintained its sell rating with a $245 target. UBS and Citigroup also maintained hold ratings with targets of $235 and $198, respectively. Morgan Stanley upgraded its rating to hold with a $231 target, while other firms like Bernstein and Wells Fargo kept hold ratings with targets of $235 and $265. The consensus among 30 analysts is a hold rating with an average target price of $183.83.
About QUALCOMM
QUALCOMM Incorporated is a leading technology company based in San Diego, California. It develops and commercializes technologies for the wireless industry, operating through segments like Qualcomm CDMA Technologies, Qualcomm Technology Licensing, and Qualcomm Strategic Initiatives. The company supplies integrated circuits for mobile devices, automotive systems, and IoT products. It also licenses its intellectual property and invests in early-stage companies across various sectors. QUALCOMM is led by CEO Cristiano Renno Amon and employs about 52,000 people worldwide.
Bottom Line
QUALCOMM remains a key player in the semiconductor industry, with significant institutional interest and varied analyst opinions. Barclays' reiterated sell rating highlights differing views on the company's prospects. Investors should keep an eye on upcoming earnings and market conditions as QUALCOMM continues to navigate the competitive tech landscape.
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