QUALCOMM Stock Outlook: Is Wall Street Bullish or Bearish?

San Diego, California-based QUALCOMM Incorporated (QCOM) is a fabless semiconductor company. With a market cap of $159.9 billion, QUALCOMM operates through Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI) segments.

The semiconductor giant has significantly underperformed the broader market over the past year. QCOM stock has dropped 9.6% over the past 52 weeks and 3.5% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 14.5% gains over the past year and 6.1% returns on a YTD basis.