Qualcomm (NASDAQ:QCOM) Shares Up 2% – Time to Buy?

Qualcomm Incorporated (NASDAQ:QCOM) shares shot up 2% on Wednesday . The stock traded as high as $187.12 and last traded at $186.56. 10,259,783 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 17,033,990 shares. The stock had previously closed at $182.97.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s push into AI is drawing interest, with a new “AI factory” initiative seen as a potentially important growth driver if the company can convert that bet into real demand and revenue. Qualcomm AI Factory Bet Comes as the Semiconductor Pendulum Swings
• Positive Sentiment: Several commentary pieces argue Qualcomm is among the beaten-down AI semiconductor names that could recover in the second half of 2026, helped by product roadmaps, diversification, and improving estimates. 3 Beaten Down AI Semiconductor Giants of 1H 2026 That Could Soar in 2H
• Positive Sentiment: Fresh AI-demand coverage suggests Qualcomm’s valuation may now look more reasonable after recent weakness, which could attract investors looking for a large-cap semiconductor rebound. 3 Beaten Down AI Semiconductor Giants of 1H 2026 That Could Soar in 2H
• Neutral Sentiment: Goldman Sachs reiterated a Hold rating on Qualcomm, signaling no major change in Wall Street’s near-term view. Goldman Sachs Sticks to Its Hold Rating for Qualcomm (QCOM)
• Neutral Sentiment: QUALCOMM was removed from several Russell growth and defensive indexes, a mechanical index change that may affect passive fund flows but does not by itself change the company’s fundamentals. QUALCOMM Leaves Russell Growth Indexes, Is The Stock Cheap Or Pricey?
• Negative Sentiment: Broader semiconductor-sector weakness has weighed on chip stocks, limiting enthusiasm even as Qualcomm tries to re-rates itself on AI exposure. Qualcomm AI Factory Bet Comes as the Semiconductor Pendulum Swings
• Negative Sentiment: Analysts and market commentary continue to flag smartphone weakness and tough competition as risks to Qualcomm’s core business, which keeps sentiment cautious. Facing potential smartphone weakness and tough competition, Qualcomm stock’s outlook is not particularly strong

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on QCOM shares. The Goldman Sachs Group assumed coverage on shares of Qualcomm in a research note on Thursday, June 25th. They issued a “neutral” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a research report on Wednesday, June 24th. Argus set a $220.00 price target on shares of Qualcomm in a report on Friday, May 1st. Wells Fargo & Company lifted their price objective on Qualcomm from $230.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Finally, DZ Bank raised Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $220.45.

Qualcomm Stock Up 2.0%

The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The firm has a 50 day simple moving average of $207.38 and a 200-day simple moving average of $168.01. The stock has a market capitalization of $196.63 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 5.55 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM) last posted its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. During the same quarter in the prior year, the firm earned $2.85 EPS. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, sell-side analysts forecast that Qualcomm Incorporated will post 7.96 EPS for the current fiscal year.

Qualcomm announced that its Board of Directors has authorized a stock buyback program on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the transaction, the chief executive officer owned 197,568 shares in the company, valued at approximately $35,562,240. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the sale, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. This trade represents a 7.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 21,721 shares of company stock worth $3,918,290. Corporate insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QCOM. Richardson Financial Services Inc. grew its holdings in Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 80 shares during the last quarter. Torren Management LLC bought a new position in shares of Qualcomm in the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new position in shares of Qualcomm during the fourth quarter worth approximately $31,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of Qualcomm during the fourth quarter valued at approximately $32,000. 74.35% of the stock is owned by institutional investors.

Qualcomm Company Profile

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.