10 Must-Buy Semiconductor Stocks to Invest In

5. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 82

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the must-buy semiconductor stocks to invest in. UBS has increased its price target for QUALCOMM Incorporated (NASDAQ:QCOM) to $165 from $145 while maintaining a Neutral rating on the stock. With the current market price at $157.90. The adjustment comes ahead of Qualcomm’s Q3 earnings, where UBS expects a modest positive bias driven by tariff-related pull-ins affecting both Android and Apple devices.

The analyst points out that while the recent quarter shows encouraging signs due to accelerated shipments prompted by trade uncertainties, this boost is unlikely to continue into the latter half of the year. The underlying demand for smartphones and PCs remains sluggish, and end-consumer spending has yet to show significant improvement. As a result, the temporary surge from tariff-related factors may fade, creating headwinds for sustained growth.

Despite this cautious outlook, Qualcomm’s strong position in 5G technology and its diversified product portfolio continue to make it a key player in the semiconductor space. UBS highlights that, although near-term momentum may soften, Qualcomm’s long-term prospects tied to emerging technologies and connectivity trends remain intact. Investors may want to weigh the short-term challenges against the company’s potential to benefit from broader technological shifts in the future.