Qualcomm (NASDAQ:QCOM) Stock Price Down 9.3% – Time to Sell?

Shares of Qualcomm Incorporated (NASDAQ:QCOM) were down 9.3% during mid-day trading on Tuesday . The company traded as low as $218.00 and last traded at $215.4680. Approximately 8,959,284 shares traded hands during trading, a decline of 37% from the average daily volume of 14,332,401 shares. The stock had previously closed at $237.53.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Analysts and bullish commentary continue to highlight Qualcomm’s expanding AI opportunities, including AI devices, automotive, PCs, and server CPU potential, supporting the longer-term growth case.
• Positive Sentiment: Tigress Financial Partners reiterated a Buy rating and raised its price target on Qualcomm to $280 from $270, reinforcing Wall Street confidence in the company’s AI expansion story. Article Title
• Positive Sentiment: Recent reports say Qualcomm is benefiting from strong momentum in AI-related chips and data-center demand, which helped drive the stock to record highs earlier in the week.
• Neutral Sentiment: Some recent analysis suggests Qualcomm’s fundamentals remain attractive, with diversification beyond handsets into automotive and IoT and management guidance indicating a handsets recovery later in 2026. Article Title
• Negative Sentiment: The current pullback reflects profit-taking after a powerful run, with investors selling semiconductor stocks as the broader market weakens and inflation concerns pressure risk assets.
• Negative Sentiment: Some market commentary warns that the AI rally may have become overheated, raising valuation concerns for Qualcomm and other AI-adjacent chip names.

Analysts Set New Price Targets

Several brokerages have commented on QCOM. Citigroup upped their price objective on Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Wells Fargo & Company lowered shares of Qualcomm from a “positive” rating to an “underweight” rating in a research note on Friday. Oppenheimer cut shares of Qualcomm from a “market perform” rating to a “market perform” rating in a report on Friday. BNP Paribas Exane downgraded shares of Qualcomm to a “neutral” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley started coverage on shares of Qualcomm in a report on Friday. They set an “overweight” rating for the company. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $180.37.

Qualcomm Stock Performance

The business has a fifty day simple moving average of $142.08 and a two-hundred day simple moving average of $156.74. The company has a market cap of $216.31 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 27.14 and a beta of 1.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same period in the previous year, the company posted $2.85 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Research analysts anticipate that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 1.8%. Qualcomm’s payout ratio is currently 38.70%.

Qualcomm announced that its board has authorized a share repurchase plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the transaction, the executive vice president directly owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction on Monday, April 13th. The shares were sold at an average price of $130.34, for a total value of $325,850.00. Following the sale, the executive vice president owned 30,684 shares of the company’s stock, valued at approximately $3,999,352.56. This represents a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 15,977 shares of company stock worth $2,738,566 in the last quarter. 0.05% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Your Advocates Ltd. LLP purchased a new stake in shares of Qualcomm during the first quarter worth about $26,000. Cloud Capital Management LLC purchased a new position in shares of Qualcomm in the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. boosted its stake in Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Torren Management LLC purchased a new stake in Qualcomm during the 4th quarter worth approximately $29,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 170 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

About Qualcomm

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.