Qualcomm (NASDAQ:QCOM) Stock Price Up 2.4% – Still a Buy?

Shares of Qualcomm Incorporated (NASDAQ:QCOM) traded up 2.4% during trading on Thursday . The stock traded as high as $196.09 and last traded at $191.11. Approximately 12,826,948 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 16,975,406 shares. The stock had previously closed at $186.56.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s automotive business continues to be a major growth driver, with second-quarter fiscal 2026 automotive revenue hitting a record $1.33 billion, up 38% year over year. Will Qualcomm’s Automotive Business Continue Driving Top-Line Growth?
• Positive Sentiment: DBS Bank upgraded Qualcomm to “moderate buy,” reinforcing the bullish view that recent pullbacks may have created an opportunity. Zacks.com
• Positive Sentiment: Several bullish commentaries argue Qualcomm’s AI factory push, data center pivot, and diversification could drive a rebound in the second half of 2026. Qualcomm AI Factory Bet Comes as the Semiconductor Pendulum Swings
• Neutral Sentiment: Qualcomm was removed from several Russell growth and defensive indexes, which may affect passive fund flows but does not change the company’s fundamentals. QUALCOMM (QCOM) Leaves Russell Growth Indexes, Is The Stock Cheap Or Pricey?
• Neutral Sentiment: Some research pieces continue to describe Qualcomm as fairly valued or maintain a hold stance, suggesting upside may depend on execution rather than multiple expansion. 3 Beaten Down AI Semiconductor Giants of 1H 2026 That Could Soar in 2H
• Negative Sentiment: Broader semiconductor weakness and prior underperformance versus peers are still weighing on sentiment, keeping some investors cautious. Qualcomm Inc. stock underperforms Wednesday when compared to competitors despite daily gains

Analyst Ratings Changes

Several analysts have commented on the stock. BNP Paribas Exane cut shares of Qualcomm to a “neutral” rating in a research note on Wednesday, April 29th. Susquehanna raised their price objective on Qualcomm from $160.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Daiwa Securities Group raised Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 target price on the stock in a report on Friday, May 8th. Monness Crespi & Hardt upgraded Qualcomm to a “buy” rating in a research report on Thursday, June 25th. Finally, TD Cowen reissued a “buy” rating and set a $200.00 price target on shares of Qualcomm in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm currently has an average rating of “Hold” and an average price target of $220.45.

Qualcomm Trading Up 2.4%

The company has a 50-day moving average of $208.10 and a 200 day moving average of $168.10. 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 company has a market cap of $201.43 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 5.44 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the company earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts predict that Qualcomm Incorporated will post 7.96 earnings per share for the current year.

Qualcomm announced that its Board of Directors has initiated a share 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 repurchase up to 14.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares in the company, valued at $7,065,677.70. The trade was a 7.45% 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 21,721 shares of company stock valued at $3,918,290 over the last ninety days. 0.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Qualcomm

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Qualcomm by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock valued at $19,524,350,000 after acquiring an additional 647,076 shares during the period. Geode Capital Management LLC increased 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 worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the period. Wellington Management Group LLP lifted its position in shares of Qualcomm by 34.5% during the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the last quarter. Norges Bank bought a new stake in shares of Qualcomm during the fourth quarter worth $2,591,056,000. Finally, Amundi boosted its stake in shares of Qualcomm by 9.9% during the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after purchasing an additional 1,138,541 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

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.