Qualcomm (NASDAQ:QCOM) Shares Down 3.1% – Time to Sell?

Qualcomm Incorporated (NASDAQ:QCOM) shares traded down 3.1% on Thursday . The stock traded as low as $172.12 and last traded at $176.25. Approximately 18,492,932 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 17,104,740 shares. The stock had previously closed at $181.92.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Negative Sentiment: Qualcomm was removed from multiple Russell growth and value indices, which can create passive-fund selling pressure and reduce benchmark visibility for the stock. QUALCOMM (QCOM) Stock Just Lost Its Place In Several Russell Indices
• Negative Sentiment: Sentiment also weakened after a Seeking Alpha article called Qualcomm “not the next AI darling” and flagged a rating downgrade, reinforcing concerns that the company may be lagging hotter AI chip names. Qualcomm Stock: Not The Next AI Darling (Rating Downgrade)
• Negative Sentiment: Another report said Google chose MediaTek to build a TPU project, potentially at Qualcomm’s expense, which raises competitive concerns in the AI/semiconductor space. Google taps MediaTek to build Triggerfish TPU, possibly at expense of Broadcom, Qualcomm: GF
• Negative Sentiment: Elon Musk denied reports that SpaceX was using Qualcomm chips in a prototype AI phone, removing a speculative upside catalyst for QCOM. QCOM Stock Slips Toward Fourth Straight Loss After Elon Musk Dismisses Reports Of Space X AI Phone Using Qualcomm Chips
• Neutral Sentiment: Erste Group raised its FY2027 EPS estimate for Qualcomm, a mild fundamental positive, but it does not appear strong enough to offset the current negative sentiment. Qualcomm Incorporated (NASDAQ:QCOM) – Free Report

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on QCOM shares. Citigroup raised their price objective on Qualcomm from $160.00 to $198.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Tigress Financial increased their target price on Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. BNP Paribas Exane lowered Qualcomm to a “neutral” rating in a research note on Wednesday, April 29th. Craig Hallum cut Qualcomm from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Evercore set a $179.00 price objective on shares of Qualcomm in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Qualcomm has an average rating of “Hold” and a consensus target price of $220.45.

Qualcomm Trading Down 3.1%

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The firm has a market capitalization of $185.77 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 5.50 and a beta of 1.64. The business has a fifty day moving average price of $204.03 and a 200 day moving average price of $167.90.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter last year, the firm earned $2.85 earnings per share. The firm’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. As a group, equities analysts forecast that Qualcomm Incorporated will post 7.96 earnings per share for the current year.

Qualcomm declared that its board has authorized a stock 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 repurchase up to 14.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $197.35, for a total transaction of $493,375.00. Following the transaction, the executive vice president directly owned 25,684 shares of the company’s stock, valued at $5,068,737.40. The trade was a 8.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. 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. Insiders have sold a total of 21,721 shares of company stock worth $3,918,290 over the last 90 days. Company insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

A number of institutional investors have recently added to or reduced their stakes in the business. World Investment Advisors increased its position in shares of Qualcomm by 14.3% during the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock worth $11,103,000 after acquiring an additional 8,130 shares during the last quarter. MUFG Securities EMEA plc boosted its holdings in Qualcomm by 112.2% in the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock valued at $7,524,000 after purchasing an additional 23,262 shares during the last quarter. Swedbank AB grew its stake in Qualcomm by 1.5% during the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock valued at $262,291,000 after purchasing an additional 23,110 shares in the last quarter. NBC Securities Inc. grew its stake in Qualcomm by 47.5% during the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock valued at $3,197,000 after purchasing an additional 6,018 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Qualcomm by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock worth $24,578,000 after purchasing an additional 7,804 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other 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.