Seaport Global Starts Coverage of QUALCOMM with Neutral Rating

Fintel reports that on May 9, 2025, Seaport Global initiated coverage of QUALCOMM (LSE: 0QZ3) with a Neutral recommendation.

Analyst Price Forecast Indicates Significant Upside Potential

As of April 25, 2025, analysts set an average one-year price target for QUALCOMM at 196.40 GBX/share. This projection ranges from a low of 144.61 GBX to a high of 279.94 GBX, suggesting a potential increase of 35.26% from its latest closing price of 145.20 GBX/share.

Projected Financial Performance

The annual revenue forecast for QUALCOMM stands at 44,648 million GBP, representing a growth of 5.59%. Additionally, the estimated annual non-GAAP EPS is 11.56.

Institutional Fund Sentiment

Currently, 4,226 funds or institutions report holding positions in QUALCOMM. This marks an increase of 113 owners, or 2.75%, in the last quarter. The average portfolio weight for all funds dedicated to 0QZ3 is 0.49%, up 4.32%. Total institutional shares owned rose by 2.08% over the last three months, totaling 967,449K shares.

Shareholders’ Activities

Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 34,803K shares, representing 3.17% ownership of QUALCOMM. This is a decrease of 1.46% from their previous holding of 35,310K shares, reflecting a 12.25% reduction in their portfolio allocation for 0QZ3 over the last quarter.

Vanguard 500 Index Fund Investor Shares (VFINX) currently holds 30,073K shares, accounting for 2.74% ownership. This represents a 2.98% increase from the prior holding of 29,177K shares, though their portfolio allocation decreased by 11.91% over the same period.

Geode Capital Management now holds 27,799K shares, equating to 2.53% ownership, an increase from its earlier holding of 27,128K shares, while also seeing a decrease of 11.34% in its portfolio allocation.

Invesco QQQ Trust, Series 1 reports ownership of 22,536K shares, or 2.05%. This is up from 21,635K shares, indicating a 4.00% increase, yet it also reflects a decrease in the portfolio allocation by 13.09% over the last quarter.

Norges Bank has increased its holding to 17,718K shares, representing 1.61% of the company, a notable change from its previous position of 0 shares, marking a 100.00% increase.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.