Qualcomm (NASDAQ:QCOM) Stock Falls 1.8% – Here’s What Happened

Posted by Stanley Muller on Sep 29th, 2026

Qualcomm Incorporated (NASDAQ:QCOM – Get Free Report)’s share price was down 1.8% during trading on Tuesday. The company traded as low as $182.23 and last traded at $184.10. 9,943,539 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 15,643,360 shares. The stock had previously closed at $187.48.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: Qualcomm renewed its global patent license agreement with Apple, preserving royalty revenue from Apple devices even as Qualcomm’s share of Apple’s modem-chip business declines. Qualcomm Just Locked In Apple
Positive Sentiment: Analysts continue to highlight Qualcomm’s high-margin patent royalty stream as a way to benefit from growth in smartphones, AI glasses, wearables and other connected devices, even when competitors supply the underlying chips. Apple, Meta, and SpaceX Are Driving a Device Boom
Neutral Sentiment: Qualcomm reportedly agreed to acquire robotics software company Picknik, potentially expanding its long-term opportunities in robotics and edge computing, although the financial impact and integration benefits are not yet clear. Qualcomm Agreed to Acquire Picknik
Negative Sentiment: Chief Executive Officer insider selling added pressure to the stock and raised investor concern, particularly alongside weakness across semiconductor shares. Qualcomm Stock Falls After CEO Insider Selling
Negative Sentiment: Reports point to deteriorating handset revenue, a potentially weaker competitive moat and lower expected Qualcomm content in Apple’s latest iPhone generation. Deteriorating Handset Revenues and a Weakening Competitive Moat
Negative Sentiment: A reported pricing standoff with Samsung over 2-nanometer manufacturing has delayed potential discussions toward 2027, while rising bond yields and a broader technology selloff have amplified sector pressure. Why Qualcomm Stock Is Down Today

Wall Street Analyst Weigh In

QCOM has been the topic of several recent analyst reports. Oppenheimer set a $200.00 target price on shares of Qualcomm in a research note on Monday, July 27th. Lake Street Capital downgraded Qualcomm to a “hold” rating in a report on Thursday, June 25th. Benchmark dropped their price target on Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Evercore set a $159.00 price target on Qualcomm in a research report on Thursday, July 30th. Finally, Guggenheim set a $200.00 price objective on Qualcomm in a research note on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $204.10.

View Our Latest Research Report on Qualcomm

Qualcomm Trading Down 1.8%

The business’s 50-day simple moving average is $170.52 and its 200-day simple moving average is $174.91. The company has a market cap of $193.35 billion, a PE ratio of 21.31, a P/E/G ratio of 4.21 and a beta of 1.68. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

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

Qualcomm Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.0%. Qualcomm’s dividend payout ratio (DPR) is 42.59%.

Insider Transactions at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the transaction, the executive vice president owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Qualcomm stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $182.85, for a total transaction of $457,125.00. Following the completion of the sale, the executive vice president owned 18,184 shares of the company’s stock, valued at $3,324,944.40. This trade represents a 12.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 31,533 shares of company stock valued at $5,874,969 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Your Advocates Ltd. LLP bought a new position in Qualcomm during the first quarter valued at about $26,000. Caitong International Asset Management Co. Ltd lifted its position 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 buying an additional 170 shares during the last quarter. Commonwealth Retirement Investments LLC bought a new stake in shares of Qualcomm during the 4th quarter worth about $32,000. ABS Investment Management LLC bought a new stake in shares of Qualcomm during the 2nd quarter worth about $34,000. Finally, ABS Direct Equity Fund LLC acquired a new position in shares of Qualcomm during the 2nd quarter valued at about $34,000. Institutional investors own 74.35% of the company’s stock.

About Qualcomm

(Get Free Report)

Qualcomm Incorporated (NASDAQ: QCOM) is a technology company headquartered in San Diego, California, that develops wireless communications technologies, semiconductors and related software. Its products support mobile devices, connected computing, automotive systems, industrial equipment and consumer electronics.

Qualcomm’s semiconductor business operates primarily through its Qualcomm CDMA Technologies segment. Its offerings include Snapdragon platforms and systems-on-chip, cellular modems, radio-frequency components, connectivity products, and processors for smartphones, personal computers, extended-reality devices, vehicles and the Internet of Things.