• Qualcomm's forward earnings multiple is less than 12, indicating potential undervaluation and growth in automotive and IoT segments.
• The company's QCT margins are strong at 31%, supporting robust capital returns.
• Despite a recent 26% drop in stock price, Cowen & Co. maintains a "Buy" rating, with a current trading price reflecting a 1.16% increase.

Qualcomm (NASDAQ:QCOM) is a leading technology company known for its innovations in wireless technology and semiconductor products. It plays a significant role in the development of 5G technology and provides solutions for mobile devices, automotive, and the Internet of Things (IoT). Qualcomm faces competition from companies like Intel and MediaTek in the semiconductor industry.

On February 5, 2026, Cowen & Co. maintained its "Buy" rating for Qualcomm, with the stock trading at $148.89. Despite a recent 26% drop in stock price due to short-term DRAM shortages affecting handset revenues, the company remains a strong investment. Qualcomm's current trading price is $148.89, reflecting a 1.16% increase, with a market cap of approximately $159.46 billion.

Qualcomm's forward earnings multiple is less than 12, indicating potential undervaluation. The company's automotive and IoT segments are experiencing rapid growth. Management has set a revenue target of $22 billion for these segments by 2029. The automotive segment posted record sales of $1.1 billion, a 15% increase, while the IoT segment grew by 9%.

Qualcomm's QCT margins remain strong at 31%, supporting robust capital returns. The stock has fluctuated between $148.17 and $152.17 during the trading day, with a 52-week high of $205.95 and a low of $120.80. Today's trading volume is 18,559,160 shares on the NASDAQ exchange, highlighting investor interest.