Morgan Stanley Upgrades QUALCOMM, Sets $231 Price Target
Morgan Stanley has upgraded QUALCOMM to a 'hold' rating with a new price target of $231, a 22.40% upside from the current price.
Key Points
- Morgan Stanley's Joseph Moore upgraded QUALCOMM to 'hold' with a new price target of $231 on June 25, 2026.
- Morgan Stanley's $231 price target implies 22.40% upside from QUALCOMM Incorporated's ($QCOM) current $188.72 share price.
- QUALCOMM shares traded at $197.41 on Thursday, with a market cap of about $233.9 billion and a P/E ratio of 23.9.
- Institutional investors like BlackRock and Vanguard have adjusted their positions in QUALCOMM, showing varied interest.
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Morgan Stanley analyst Joseph Moore upgraded QUALCOMM Incorporated (NasdaqGS: QCOM) to a 'hold' rating, setting a new price target of $231 on June 25, 2026. This reflects a more optimistic view on the semiconductor giant's prospects.
Morgan Stanley vs. the S&P 500
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Other Institutional Activity in QUALCOMM
BlackRock, Inc. grew its holdings in QUALCOMM by 5,875,924 shares, bringing its total to 106,015,881 shares worth approximately $13.65 billion. Vanguard Capital Management LLC opened a new position with 69,341,312 shares, valued at 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. Meanwhile, Charles Schwab Investment Management Inc significantly increased its position by 24,234,489 shares, reaching 30,864,702 shares worth around $3.97 billion.
QUALCOMM Incorporated Stock Up 14.9%
Shares of QUALCOMM traded near $197.41 on Thursday. The company has a market cap of approximately $233.9 billion, with a P/E ratio of 23.9 and a forward P/E of 20.8. QUALCOMM's 52-week range spans from $121.99 to $259.92. It has a 50-day moving average of $191.43 and a 200-day moving average of $166.81. The firm's current ratio is 2.37, and its debt-to-equity ratio stands at 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 with a slight decline in revenue growth. The company achieved an EPS of $9.29, a net margin of 22.3%, and a return on equity of 36.1%. Investors anticipate the next earnings report 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 includes planned sales by EVP, CFO & COO Akash Palkhiwala, who sold 2,500 shares at $197.35 on June 11, 2026, and Patricia Grech, SVP and Chief Accounting Officer, sold shares on May 20 and 21, 2026. These transactions were part of pre-scheduled plans.
Analysts Set New Price Targets
Alongside Morgan Stanley's upgrade, several firms maintained their ratings on QUALCOMM. Bernstein, Wells Fargo, RBC Capital, Susquehanna, and Cantor Fitzgerald all reiterated their 'hold' ratings with price targets ranging from $190 to $265. Rosenblatt maintained a 'buy' rating with a $265 target, while B of A Securities maintained a 'sell' rating with a $195 target.
About QUALCOMM
QUALCOMM Incorporated is a leading technology company based in San Diego, California. It specializes in developing and commercializing foundational wireless technologies. The company operates through three segments: Qualcomm CDMA Technologies, Qualcomm Technology Licensing, and Qualcomm Strategic Initiatives. It provides integrated circuits for mobile devices, automotive systems, IoT products, and licenses its portfolio of patents for cellular technologies. Led by CEO Cristiano Renno Amon, QUALCOMM employs around 52,000 people.
Bottom Line
Morgan Stanley's upgrade to 'hold' with a higher price target signals a cautious optimism about QUALCOMM's future. Investors should remember that analyst ratings and 13F filings are backward-looking and may not reflect current conditions. QUALCOMM remains a key player in the semiconductor industry, with significant institutional interest.
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