Qualcomm (NASDAQ:QCOM) Trading 2% Higher – Time to Buy?

Posted by Brian Himes on Sep 2nd, 2026

Qualcomm Incorporated (NASDAQ:QCOM – Get Free Report)’s share price shot up 2% during mid-day trading on Wednesday . The company traded as high as $170.60 and last traded at $169.96. 7,503,944 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 15,647,615 shares. The stock had previously closed at $166.61.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: New mobile gaming technology strengthens Qualcomm’s AI narrative. Qualcomm unveiled Adreno Neural Fusion, a graphics technology designed to use AI for image upscaling and improved gaming performance. The feature is expected to support upcoming Snapdragon flagship processors and could help Qualcomm differentiate its premium mobile platforms. Qualcomm Unveils Adreno Neural Fusion To Supercharge Mobile Gaming The next Snapdragon flagship chip is getting Qualcomm’s take on DLSS
Positive Sentiment: HUMAIN partnership expands Qualcomm’s AI PC opportunity. Saudi AI company HUMAIN is using Qualcomm’s Snapdragon X2 Elite platform in its Horizon Ultra PC, providing another design win for Qualcomm’s effort to build an AI-enabled PC business and reduce dependence on smartphone chips. Can Qualcomm’s Tie-Up With HUMAIN for AI PC Lift Its Shares?
Positive Sentiment: Income support remains a modest positive. Qualcomm’s quarterly dividend is $0.92 per share, or $3.68 annually, implying a yield of roughly 2.2% at recent trading levels.
Neutral Sentiment: Management is reshuffling its device business. Former Motorola Devices president Sergio Buniac will lead Mobile, Compute and Personal AI, covering smartphones, PCs, wearables, XR and emerging AI devices. The appointment could improve execution, but it also comes as Qualcomm faces higher costs and uncertainty around Apple modem revenue. How Investors May Respond To QCOM Naming Sergio Buniac To Lead Mobile, Compute And Personal AI
Negative Sentiment: Competition and smartphone weakness remain overhangs. Qualcomm’s recent revenue declined year over year, while analysts continue to cite reduced iPhone modem share and a gradual smartphone slowdown. Nvidia’s $3.5 billion investment and technology partnership with rival MediaTek could intensify competition in AI chips for PCs, cars and other markets. Qualcomm rival MediaTek jumps 10% after $3.5 billion Nvidia AI chip deal Qualcomm’s AI Ambitions Run Into a Smartphone Reality Check
Negative Sentiment: Higher bond yields pressured semiconductor valuations. A global bond selloff caused long-term yields to rise, weighing on higher-multiple technology and semiconductor stocks, including Qualcomm. Semiconductor Stocks Slide as Global Bond Selloff Lifts Yields

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on QCOM. Monness Crespi & Hardt upgraded shares of Qualcomm to a “buy” rating in a research note on Thursday, June 25th. Cantor Fitzgerald cut their price target on Qualcomm from $200.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. HSBC reiterated a “hold” rating on shares of Qualcomm in a research note on Wednesday, July 15th. Melius Research set a $220.00 target price on Qualcomm in a report on Monday, May 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $203.76.

Read Our Latest Stock Analysis on Qualcomm

Qualcomm Stock Up 2.0%

The stock has a fifty day moving average of $170.71 and a 200 day moving average of $169.24. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a market capitalization of $178.50 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 15.74 and a beta of 1.67.

Qualcomm (NASDAQ:QCOM – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the company posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s payout ratio is currently 42.59%.

Insider Transactions at Qualcomm

In other news, CAO Patricia Y. Grech sold 208 shares of Qualcomm stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $170.00, for a total value of $35,360.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the transaction, the executive vice president directly owned 20,684 shares of the company’s stock, valued at approximately $3,376,869.84. The trade was a 10.78% 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 11,533 shares of company stock worth $1,961,219. 0.05% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Qualcomm

Large investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its holdings in Qualcomm by 18,251.8% in the 2nd quarter. California State Teachers Retirement System now owns 301,278,659 shares of the wireless technology company’s stock worth $55,673,283,000 after acquiring an additional 299,636,973 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Qualcomm during the 2nd quarter valued at about $17,583,115,000. Norges Bank bought a new position in Qualcomm in the 4th quarter worth $2,591,056,000. Bank of New York Mellon Corp purchased a new stake in Qualcomm during the 2nd quarter valued at approximately $1,523,930,000. Finally, Deutsche Bank AG purchased a new position in shares of Qualcomm during the second quarter valued at about $1,178,349,000. 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.