Qualcomm (QCOM)

• Market cap: $183B
• 1 day: 1.94%
• 5 days: 6.02%
• 1 month: 4.20%
• 3 months: -3.82%
• 6 months: -14.11%
• Year to date: 7.11%
• 1 year: 18.12%
• 5 years: 71.58%
• 10 years: 127.04%
• Sector: Communication Services
• Industry: Radio & TV Broadcasting & Communications Equipment

About: Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.

Employees: 49,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

19% more repeat investments, than reductions

Existing positions increased: 1,172 | Existing positions reduced: 982

4.05% less ownership

Funds ownership: 78.48% [Q2] → 74.43% (-4.05%) [Q3]

4% less funds holding

Funds holding: 2,730 [Q2] → 2,619 (-111) [Q3]

19% less capital invested

Capital invested by funds: $175B [Q2] → $141B (-$34.1B) [Q3]

29% less call options, than puts

Call options by funds: $4.14B | Put options by funds: $5.8B

35% less first-time investments, than exits

New positions opened: 147 | Existing positions closed: 226

46% less funds holding in top 10

Funds holding in top 10: 184 [Q2] → 100 (-84) [Q3]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $160 3% downside
• Avg. target: $196 19% upside
• High target: $240 46% upside

13 analyst ratings

• positive: 6 46%
• neutral: 6 46%
• negative: 1 8%

Barclays Tom O'Malley 40% 1-year accuracy 18 / 45 met price target	12% upside $185	Overweight Maintained	17 Jan 2025
Mizuho Vijay Rakesh 50% 1-year accuracy 38 / 76 met price target	31% upside $215	Outperform Maintained	7 Jan 2025
Melius Research Ben Reitzes 33% 1-year accuracy 2 / 6 met price target	9% upside $180	Hold Initiated	9 Dec 2024
Susquehanna Christopher Rolland 48% 1-year accuracy 75 / 156 met price target	28% upside $210	Positive Maintained	20 Nov 2024
Cantor Fitzgerald C J Muse 46% 1-year accuracy 38 / 83 met price target	3% downside $160	Neutral Reiterated	20 Nov 2024