UK takeover panel gives Qualcomm more time to make bid for Alphawave By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2025
0mins
Should l Buy QCOM?
Source: Investing.com
Takeover Deadline Extended: The UK takeover panel has extended the deadline for Qualcomm to make a formal bid for British semiconductor company Alphawave IP Group to May 12, following discussions between the two companies.
Interest in Technology: Alphawave is attracting interest from major players like Qualcomm and Arm due to its crucial "serdes" technology used in AI processors, while it has refrained from providing financial forecasts amid uncertainties related to U.S. tariffs.
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Analyst Views on QCOM
Wall Street analysts forecast QCOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QCOM is 197.14 USD with a low forecast of 165.00 USD and a high forecast of 225.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 136.300
Low
165.00
Averages
197.14
High
225.00
Current: 136.300
Low
165.00
Averages
197.14
High
225.00
About QCOM
Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry, including third generation (3G), fourth generation (4G) and fifth generation (5G) wireless connectivity, and high-performance and low-power computing, including on-device artificial intelligence. Its segments include Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including radio frequency front-end, digital cockpit and advanced driver assistance and automated driving, Internet of things including consumer electronic devices, industrial devices and edge networking products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio that includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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