Seaport Global Begins Coverage of Qualcomm with Neutral Rating

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

Analyst Price Forecast Signals Potential Growth

As of May 7, 2025, the average one-year price target for QUALCOMM stands at 163.61 €/share. Price forecasts vary, reaching as low as 125.78 € and as high as 252.19 €. This average represents a potential increase of 25.89% compared to its most recent closing price of 129.96 € / share.

Revenue and Earnings Projections

The projected annual revenue for QUALCOMM is 44,648 million €, reflecting a rise of 5.59%. The anticipated annual non-GAAP EPS is 11.56.

Fund Sentiment Overview

Currently, 4,226 funds or institutions hold positions in QUALCOMM, marking an increase of 113 owners, or 2.75%, in the last quarter. The average portfolio allocation for these funds dedicated to QCI is 0.49%, which is up by 4.32%. Total institutional shares have risen by 2.08% in three months, totaling 967,449K shares.

Institutional Shareholding Updates

Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 34,803K shares, representing 3.17% ownership of the company. Previously, the fund had reported 35,310K shares, indicating a decrease of 1.46%. Their portfolio allocation in QCI dropped by 12.25% over the last quarter.

Vanguard 500 Index Fund Investor Shares (VFINX) currently owns 30,073K shares, representing 2.74% ownership. This is an increase from 29,177K shares in prior filings, reflecting a 2.98% growth. However, their allocation in QCI has seen a decrease of 11.91% during the last quarter.

Geode Capital Management now holds 27,799K shares, which is 2.53% of the company. The firm previously held 27,128K shares, marking a 2.41% increase. Like others, their portfolio allocation in QCI was reduced by 11.34% this past quarter.

Invesco QQQ Trust, Series 1, has 22,536K shares, translating to 2.05% ownership. Previously, the firm reported owning 21,635K shares, showing a 4.00% increase, but their allocation decreased by 13.09% last quarter.

Norges Bank holds 17,718K shares, which is 1.61% of QUALCOMM, having moved up from 0K shares in their last report—a rise of 100.00%.

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