Are Wall Street Analysts Predicting QUALCOMM Stock Will Climb or Sink?

With a market cap of $153.5 billion, QUALCOMM Incorporated (QCOM) is a prominent American semiconductor and telecommunications equipment company. Founded in 1985 and headquartered in San Diego, California, Qualcomm specializes in designing and manufacturing wireless technology products, including semiconductors and software solutions. 

Shares of the chipmaker have underperformed the broader market over the past 52 weeks. QCOM stock has declined 22.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 12.3%. On a YTD basis, shares of QCOM are down 9%, compared to SPX's 3.3% plunge.