Qualcomm (NASDAQ:QCOM) Trading Up 1.4% – Here’s Why

Posted by Stanley Muller on May 13th, 2026

Qualcomm Incorporated (NASDAQ:QCOM – Get Free Report) was up 1.4% on Wednesday . The stock traded as high as $219.49 and last traded at $213.17. Approximately 26,130,890 shares were traded during mid-day trading, an increase of 77% from the average daily volume of 14,779,091 shares. The stock had previously closed at $210.31.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: Qualcomm is getting credit for expanding beyond handsets, with reports citing a hyperscaler design win and broader AI diversification that could open a much larger growth market. Qualcomm: The Cheapest AI Winner (Rating Upgrade)
Positive Sentiment: New Snapdragon mobile platforms could support next-generation smartphone demand and reinforce Qualcomm’s AI-in-the-device strategy. QUALCOMM Incorporated (QCOM) Eyes Smartphone Growth with New Snapdragon Platforms
Positive Sentiment: Analysts are increasingly bullish, with some raising price targets and saying Qualcomm’s AI rally may still be in the early stages. Tigress Financial Partners Reaffirms Buy Rating on QUALCOMM (QCOM) Amid AI Expansion
Positive Sentiment: Sector sentiment has improved as investors rotate back into AI chips, and Qualcomm has been moving with other semiconductor names on the renewed AI trade. Intel, AMD, Qualcomm Stocks Rise as AI Chip Rally Reignites
Neutral Sentiment: One executive sold shares under a pre-arranged 10b5-1 plan, which is usually not viewed as a strong negative signal but can still add to caution after the stock’s big run. SEC filing for Akash J. Palkhiwala transaction
Negative Sentiment: Some coverage warns the rally may have gone too far in the near term, with investors taking profits after Qualcomm’s sharp AI-driven move. Qualcomm drops 13% as chip stocks pull back from record AI-driven rally
Negative Sentiment: Wall Street still appears split, with some analysts turning cautious on valuation and execution risk despite the AI optimism. Qualcomm Stock Doubles: New Era? Or Another False Start?

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Cantor Fitzgerald lifted their target price on shares of Qualcomm from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Oppenheimer lowered Qualcomm from a “market perform” rating to a “market perform” rating in a research report on Friday, May 8th. Mizuho cut their price objective on shares of Qualcomm from $160.00 to $140.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Craig Hallum upgraded Qualcomm to a “buy” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. 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. Fourteen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $180.37.

View Our Latest Research Report on QCOM

Qualcomm Price Performance

The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $224.72 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 29.42 and a beta of 1.49. The firm has a 50 day moving average price of $143.44 and a 200 day moving average price of $157.02.

Qualcomm (NASDAQ:QCOM – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.85 EPS. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.7%. 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. Qualcomm’s payout ratio is 40.00%.

Qualcomm declared that its board has approved a stock buyback program on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the wireless technology company to buy up to 14.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the sale, the chief executive officer directly owned 197,568 shares in the company, valued at $35,562,240. This represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 192 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $172.00, for a total value of $33,024.00. 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. Over the last ninety days, insiders sold 18,477 shares of company stock valued at $3,268,316. Insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Qualcomm

Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Qualcomm during the fourth quarter valued at approximately $2,591,056,000. Wellington Management Group LLP lifted its holdings in Qualcomm by 141.8% during the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock valued at $2,069,059,000 after buying an additional 7,292,783 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Qualcomm by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after purchasing an additional 3,221,924 shares during the period. Invesco Ltd. grew its position in shares of Qualcomm by 28.1% during the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock worth $2,163,030,000 after buying an additional 2,771,490 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Qualcomm by 36.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock worth $1,090,025,000 after acquiring an additional 1,764,252 shares in the last quarter. 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.