Qualcomm (NASDAQ:QCOM) Stock Price Down 8.8% – Time to Sell?

Qualcomm Incorporated (NASDAQ:QCOM) shares fell 8.8% during mid-day trading on Monday . The stock traded as low as $226.81 and last traded at $228.99. 20,933,712 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 15,973,445 shares. The stock had previously closed at $251.02.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is continuing to pitch its AI PC opportunity, with coverage highlighting the new Snapdragon C Platform for entry-level laptops, emphasizing all-day battery life, built-in AI, and support from Acer, HP, and Lenovo. Article Title
• Positive Sentiment: CEO Cristiano Amon’s COMPUTEX comments underscore Qualcomm’s long-term AI growth story, including his view that AI token usage could surge dramatically by 2030, which supports the company’s broader AI positioning. Article Title
• Neutral Sentiment: Some commentary argues Qualcomm may be a long-term value opportunity after a strong run in AI-related chips, but these pieces are mixed and largely speculative rather than catalyst-driven. Article Title
• Negative Sentiment: Nvidia’s Computex launch is the main pressure point, with multiple reports saying Qualcomm shares slid as investors worried the new chip could intensify competition in AI PCs and Windows laptops. Article Title
• Negative Sentiment: Broader market coverage also notes Qualcomm underperforming after Nvidia’s “PC chip market” push, reinforcing concerns that AI PC competition could limit near-term upside. Article Title

Analyst Ratings Changes

Several brokerages have issued reports on QCOM. Mizuho cut their price objective on Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Seaport Research Partners reissued a “sell” rating and issued a $100.00 target price on shares of Qualcomm in a research note on Monday, March 16th. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 target price on shares of Qualcomm in a research note on Thursday, April 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $140.00 target price (down from $175.00) on shares of Qualcomm in a research note on Thursday, March 26th. Finally, Tigress Financial lifted their target price on Qualcomm from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $181.79.

Qualcomm Trading Down 8.8%

The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The business has a 50 day moving average of $166.07 and a 200 day moving average of $161.17. The firm has a market capitalization of $241.36 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 31.09 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data 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. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. During the same period in the previous year, the firm earned $2.85 earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, research analysts predict that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s payout ratio is presently 38.70%.

Qualcomm announced that its Board of Directors has approved a share repurchase program on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total transaction of $529,750.00. Following the completion of the sale, the executive vice president directly owned 28,184 shares of the company’s stock, valued at $5,972,189.60. The trade was a 8.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm stock in a transaction on 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 sale, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. This trade represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 19,306 shares of company stock valued at $3,435,583 in the last three months. 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 added to or reduced their stakes in QCOM. Norges Bank acquired a new position in Qualcomm in the fourth quarter valued at about $2,591,056,000. Wellington Management Group LLP grew its stake in Qualcomm by 141.8% in the third 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 acquiring an additional 7,292,783 shares during the period. Geode Capital Management LLC grew its stake in 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 acquiring an additional 3,221,924 shares during the period. Invesco Ltd. lifted its holdings in shares of Qualcomm by 28.1% in the fourth quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock valued at $2,163,030,000 after purchasing an additional 2,771,490 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Qualcomm by 36.8% in the third quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock valued at $1,090,025,000 after purchasing an additional 1,764,252 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Company Profile

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.