Qualcomm (NASDAQ:QCOM) Trading 5.2% Higher – Still a Buy?

Posted by Brian Himes on Jun 3rd, 2026

Qualcomm Incorporated (NASDAQ:QCOM – Get Free Report)’s share price shot up 5.2% during mid-day trading on Tuesday . The stock traded as high as $238.02 and last traded at $241.0050. 21,106,687 shares were traded during mid-day trading, a decline of 25% from the average session volume of 28,101,830 shares. The stock had previously closed at $228.99.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: Qualcomm highlighted its AI strategy at COMPUTEX, saying 2026 is the “year of agents” and introducing its Dragonfly AI data center brand, which could support longer-term AI revenue growth. Qualcomm says 2026 is the ‘year of agents,’ unveils Dragonfly AI data center brand
Positive Sentiment: Analysts and market commentary continue to frame Qualcomm’s recent move into AI PCs and data-center chips as a potential growth catalyst, with some reports asking whether the stock can keep climbing toward $300 if execution improves. Can Qualcomm hit $300 this year? Here’s the answer
Neutral Sentiment: Qualcomm also continues to gain attention for its entry-level Snapdragon PC chip, which has support from Acer, HP and Lenovo and could help expand its footprint in Windows laptops if adoption builds. Can Qualcomm’s Entry-Level Snapdragon PC Chip Drive Growth?
Negative Sentiment: Shares fell after Nvidia unveiled the RTX Spark laptop chip at Computex, raising fears of tougher competition in AI PCs and Windows-on-Arm devices, an area Qualcomm has been trying to grow into. Intel, AMD and Qualcomm slide as Nvidia targets AI PC market with RTX Spark chip
Negative Sentiment: Additional commentary said Nvidia’s PC-chip push could pressure Qualcomm’s near-term PC growth narrative, overshadowing its own AI announcements and helping trigger the stock’s recent weakness. QCOM Stock Slides Premarket: Qualcomm’s Dragonfly AI Push Gets Overshadowed By Nvidia’s Computex Blitz

Wall Street Analyst Weigh In

Several research firms have recently issued reports on QCOM. Summit Insights upgraded shares of Qualcomm from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Morgan Stanley began coverage on shares of Qualcomm in a report on Friday, May 8th. They issued an “overweight” rating for the company. Loop Capital upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 target price for the company in a report on Tuesday, February 24th. Finally, Melius Research set a $220.00 target price on shares of Qualcomm in a report on Monday, May 18th. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Qualcomm presently has an average rating of “Hold” and a consensus price target of $181.79.

Get Our Latest Stock Report on Qualcomm

Qualcomm Stock Up 5.2%

The company has a market cap of $254.02 billion, a PE ratio of 26.20, a P/E/G ratio of 31.09 and a beta of 1.59. The company’s 50 day moving average is $168.02 and its 200 day moving average is $161.56. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM – Get Free Report) last posted 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. The company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, analysts predict that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, June 4th. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio is currently 38.70%.

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

Insider Buying and Selling at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. 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, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the transaction, the executive vice president directly owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 19,306 shares of company stock worth $3,435,583 over the last quarter. 0.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QCOM. Brighton Jones LLC grew its position in shares of Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after buying an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Qualcomm by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after buying an additional 340 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of Qualcomm by 44.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock worth $530,000 after buying an additional 1,020 shares during the last quarter. Main Street Financial Solutions LLC grew its position in shares of Qualcomm by 6.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock worth $920,000 after buying an additional 333 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its position in Qualcomm by 9.7% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock worth $1,083,000 after purchasing an additional 603 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Company Profile

(Get Free Report)

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.