Latest news with #QUALCOMM
Yahoo
3 days ago
- Business
- Yahoo
Qualcomm (QCOM) Delivers Solid Results—But Apple Headwinds Still Loom
QUALCOMM Incorporated (NASDAQ:QCOM) is one of the . On July 31, Cantor Fitzgerald analyst C.J. Muse reiterated a 'Neutral' rating on the stock with a $150.00 price target. The rating affirmation follows Qualcomm's quarterly report where the chipmaker announced revenues of $10.4 billion and earnings per share of $2.77. These figures slightly exceeded consensus estimates of $10.3 billion and $2.71. Looking ahead, guidance for the September quarter was also raised to $10.7 billion in revenue and $2.85 in earnings per share, surpassing analyst expectations. 'QCOM reported a modest beat ($10.4B/$2.77 vs. cons $10.3B/$2.71) and raise ($10.7B/$2.85 vs cons $10.6B/$2.83) despite fears of pull-ins setting up for a Sept Q miss. In fact, mgmt. noted no signs of tariff-related pull-ins currently (a bit surprising given recent commentary from QRVO, MTK, etc.), with handset upside in the Sept Q driven exclusively from the strength of a new product launch.' An aerial view of a bustling semiconductor production zone showcasing the company's integrated circuits. The firm discussed how Qualcomm boasts strong positioning in XR/AR markets. Meta's smart glasses have exceeded expectations while new Snapdragon-powered devices are expected from key partner Xiaomi. The firm is also optimistic that the company is on track to hit the FY26 revenue target of $4B. 'Automotive is also likely ahead of schedule with revenues expected to be ~$1.0B in the September Q, leaving the company well on track to hit the FY26 revenue target of $4B. ' There was some bad news, too. 'As for the bad news, on the call the company guided for typical seasonality into the December Q ex- AAPL – which we believe implies a bit downside to consensus numbers coming in. Also, EBT margins in QCT of 28% in the Sept Q are a clear disappointment and are only likely to get worse as AAPL is fully removed from the model – we believe a primary driver of the after-hours weakness.' The firm sees better opportunities in other semiconductor stocks right now. QUALCOMM Incorporated (NASDAQ:QCOM) develops wireless technologies, supplies chips for mobile, automotive, and IoT, licenses patents, and invests in emerging tech. While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Must-Watch AI Stocks on Wall Street and Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Qualcomm (QCOM) Holds ‘Overweight' Rating—Here's What's Keeping Investors Confident
QUALCOMM Incorporated (NASDAQ:QCOM) is one of the On July 31, Piper Sandler analyst Harsh Kumar lowered the firm's price target on the stock to $175 from $190 and kept an 'Overweight' rating on the shares. The firm noted how Qualcomm has delivered slightly above expectations with guidance largely in-line with estimates. It has been implementing its diversification well, and is poised for growth in key areas such as auto and IoT. QUALCOMM Incorporated (NASDAQ:QCOM) develops wireless technologies, supplies chips for mobile, automotive, and IoT, licenses patents, and invests in emerging tech. While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Must-Watch AI Stocks on Wall Street and . Disclosure: None.
Yahoo
4 days ago
- Business
- Yahoo
Susquehanna Reiterates Bullish Stance on QUALCOMM (QCOM) Stock
QUALCOMM Incorporated (NASDAQ:QCOM) is one of the Most Undervalued Semiconductor Stocks to Buy According to Analysts. On July 31, Susquehanna analyst Christopher Rolland reiterated the bullish stance on the company's stock, providing a 'Buy' rating. The analyst's rating is backed by a combination of factors, such as QUALCOMM Incorporated (NASDAQ:QCOM)'s ongoing strength in the Auto and IoT sectors. An aerial view of a bustling semiconductor production zone showcasing the company's integrated circuits. As per the analyst, the company's strategic partnerships, like the multi-year agreement with Xiaomi, and expansion into the data center space via the acquisition of Alphawave Semi, demonstrate its growth potential. QUALCOMM Incorporated (NASDAQ:QCOM)'s efforts in developing AI inference accelerator cards and custom SoCs, together with engagement with potential customers, further aid the optimistic outlook. Such factors, coupled with better-than-expected gross margins and a positive revenue forecast, support the analyst's rating. For Q4 2025, QUALCOMM Incorporated (NASDAQ:QCOM) expects revenues in the range of $10.3 billion – $11.1 billion, while non-GAAP diluted EPS is expected to be between $2.75 – $2.95. While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Benchmark Stays Bullish on Qualcomm (QCOM) —Here's Why
QUALCOMM Incorporated (NASDAQ:QCOM) is one of the . On July 31, Benchmark analyst Cody Acree reiterated a 'Buy' rating on the stock with a $200.00 price target. The firm noted how Qualcomm's recent quarterly performance was 'very clean,' with the company reporting growth across all major business categories. However, there have been major concerns about the financial impact of losing Apple's business. The company has, however, communicated the said issue effectively, and there has been sufficient opportunity for them to factor this in their models and valuations, the firm noted. A leading semiconductor chip on a computer robot arm, reflecting the technology advances of the company. Qualcomm shares were weak after its earnings report as investors were disappointed that it's earnings per share (EPS) guidance mid-point only matched Street estimates instead of exceeding them. 'Automotive grew 21% annually IoT grew 24%, and even Handsets managed to grow 7%, driven by demand for Snapdragon 8 Elite platform in premium-tier handsets. While a big part of the company's current and recent weakness is the result of lingering investor fears regarding the long-term financial impact of the loss of Apple's business. We believe the company has been communicating this issue well with the Street for quite some time and analysts and investors have had ample opportunity to factor the event into models and estimates, and ultimately investors have factored this into Qualcomm depressed valuation." The firm noted how Qualcomm has been aggressively pursuing areas of diversification. "During this same time, Qualcomm has been aggressively pursuing areas of diversification, with Autos now at $1 billion of quarterly contribution and IoT at almost $1.7 billion.' QUALCOMM Incorporated (NASDAQ:QCOM) develops wireless technologies, supplies chips for mobile, automotive, and IoT, licenses patents, and invests in emerging tech. While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
QUALCOMM Stock Outlook: Is Wall Street Bullish or Bearish?
San Diego, California-based QUALCOMM Incorporated (QCOM) is a fabless semiconductor company. With a market cap of $159.9 billion, QUALCOMM operates through Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI) segments. The semiconductor giant has significantly underperformed the broader market over the past year. QCOM stock has dropped 9.6% over the past 52 weeks and 3.5% on a YTD basis, compared to the S&P 500 Index's ($SPX) 14.5% gains over the past year and 6.1% returns on a YTD basis. More News from Barchart Find Winning Momentum Trades With This Moving Average Stock Screener Tariffs, Earnings and Other Can't Miss Items this Week This Blue-Chip Dividend Stock Is Stuck in the Tariff Crosshairs. Can Cost Cuts Save the Day? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Narrowing the focus, QCOM stock has also underperformed the Technology Select Sector SPDR Fund's (XLK) 22% surge over the past 52 weeks and 10.6% gains in 2025. QUALCOMM's stock prices plunged 7.7% in the trading session after the release of its mixed Q3 results on Jul. 30. Supported by its diversification into different areas and growth in IoT revenues, the company's total revenues for the quarter surged 10.3% year-over-year to $10.4 billion, surpassing the consensus estimates by 39 bps. However, the company's handset revenues of $6.3 billion and automotive revenues of $984 million both fell short of Street expectations, which likely unsettled investor confidence. On a more positive note, the company's adjusted net income surged 14.8% year-over-year to $3 billion, and its adjusted EPS of $2.77 beat the consensus estimates by a significant margin. For the full fiscal 2025, ending in September, analysts expect QCOM to deliver an adjusted EPS of $9.54, up 12.8% year-over-year. Furthermore, the company has a solid earnings surprise history. It has surpassed the Street's bottom-line estimates in each of the past four quarters. The stock has a consensus 'Moderate Buy' rating overall. Of the 32 analysts covering the stock, opinions include 15 'Strong Buys,' one 'Moderate Buy,' 15 'Holds,' and one 'Strong Sell.' This configuration has been mostly stable over the past three months. On Jul. 31, Piper Sandler analyst Harsh Kumar lowered the firm's price target on QCOM from $190 to $175, but maintained an 'Overweight' rating on the stock. QCOM's mean price target of $178.65 suggests a 20.6% upside potential. Meanwhile, the Street-high target of $225 represents a significant 51.8% premium to current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
