Qualcomm (NASDAQ:QCOM) Trading Down 1% – Should You Sell?

Posted by Francis Steltz on Jul 10th, 2026

Qualcomm Incorporated (NASDAQ:QCOM – Get Free Report)’s share price traded down 1% during mid-day trading on Friday . The company traded as low as $185.72 and last traded at $189.16. 7,032,263 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 16,925,332 shares. The stock had previously closed at $191.11.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: Several recent pieces argue Qualcomm has meaningful upside, including a bullish valuation case that projects a much higher share price and describes the company’s data center pivot and automotive business as still underappreciated. The Road To $380 For Qualcomm Stock
Positive Sentiment: Analysts and commentary highlighted Qualcomm’s expanding AI-focused semiconductor portfolio, especially for data centers, servers, and emerging AI markets, which supports the stock’s longer-term growth narrative versus peers like Monolithic Power Systems. Monolithic vs. Qualcomm: Which Semiconductor Stock Has More Upside?
Positive Sentiment: Qualcomm was described as a “bullish opportunity” by options-focused commentary, suggesting traders are seeing a favorable setup after recent weakness. Qualcomm Stock Low Presents Bullish Opportunity
Positive Sentiment: Bernstein commentary said AI demand is accelerating across chips and memory, lifting sentiment for Qualcomm alongside other semiconductor names as investors expect stronger industry demand. MU, AMD, MRVL, QCOM Stocks Surge — Bernstein’s Stacy Rasgon Says AI Demand Is Exploding, Memory Capacity Is ‘Very Tight’
Positive Sentiment: Qualcomm’s automotive segment continues to show strong momentum, with record revenue and accelerating adoption of Snapdragon Digital Chassis, reinforcing confidence in non-smartphone growth. Will Qualcomm’s Automotive Business Continue Driving Top-Line Growth?
Neutral Sentiment: Qualcomm’s removal from certain Russell growth and defensive indices may create temporary fund-flow pressure, but investors are also watching its new on-device AI deepfake detection partnership as evidence of strategic expansion beyond smartphones. How Investors Are Reacting To QUALCOMM (QCOM) Index Removal And New On-Device AI Deepfake Partnership
Neutral Sentiment: One report noted Qualcomm underperformed some peers on a recent trading day despite gains, suggesting the stock is still in a choppy relative-performance phase. Qualcomm Inc. stock underperforms Wednesday when compared to competitors despite daily gains

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Qualcomm from $230.00 to $265.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. DZ Bank upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a research note on Friday, June 26th. Cantor Fitzgerald set a $220.00 price target on shares of Qualcomm and gave the company a “neutral” rating in a report on Thursday, June 25th. Robert W. Baird set a $300.00 price target on shares of Qualcomm in a research report on Friday, May 1st. Finally, Morgan Stanley raised shares of Qualcomm from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $146.00 to $231.00 in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Qualcomm currently has an average rating of “Hold” and an average price target of $220.45.

View Our Latest Stock Analysis on Qualcomm

Qualcomm Trading Down 1.0%

The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $199.37 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 5.55 and a beta of 1.63. The firm’s 50-day simple moving average is $208.93 and its 200-day simple moving average is $168.21.

Qualcomm (NASDAQ:QCOM – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts anticipate that Qualcomm Incorporated will post 7.96 EPS for the current year.

Qualcomm declared that its Board of Directors has initiated a stock repurchase 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 purchase up to 14.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Qualcomm

In other news, CEO Cristiano R. Amon sold 10,000 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,568 shares in the company, valued at approximately $35,562,240. This represents a 4.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% 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. Insiders sold 21,721 shares of company stock worth $3,918,290 in the last three months. Insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

Hedge funds have recently bought and sold shares of the company. JFS Wealth Advisors LLC grew its position in Qualcomm by 3.4% during the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock valued at $295,000 after acquiring an additional 53 shares during the last quarter. Basepoint Wealth LLC raised its stake in shares of Qualcomm by 1.8% during the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock worth $429,000 after acquiring an additional 59 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its holdings in shares of Qualcomm by 1.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 3,274 shares of the wireless technology company’s stock worth $611,000 after acquiring an additional 62 shares during the last quarter. Baker Tilly Wealth Management LLC lifted its holdings in shares of Qualcomm by 1.0% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock worth $1,095,000 after acquiring an additional 64 shares during the last quarter. Finally, Modern Wealth Management LLC boosted its stake in shares of Qualcomm by 0.5% in the 1st quarter. Modern Wealth Management LLC now owns 13,704 shares of the wireless technology company’s stock valued at $1,744,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

About Qualcomm

(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.