Qualcomm (NASDAQ:QCOM) Stock Price Down 2.2% – Here’s Why

Qualcomm Incorporated (NASDAQ:QCOM)’s share price dropped 2.2% during trading on Monday. The stock traded as low as $180.30 and last traded at $180.79. Approximately 9,764,068 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 15,515,269 shares. The stock had previously closed at $184.87.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Multiyear Huawei patent deal supports licensing outlook. Huawei agreed to license Qualcomm’s patents covering artificial intelligence, 5G, computing, and networking technologies. The agreement should provide recurring royalty revenue and strengthens Qualcomm’s position in emerging AI-related markets. Huawei agrees to a multi-year patent licensing deal with Qualcomm
• Positive Sentiment: Share buybacks remain a support for investors. Qualcomm is identified among AI-related companies using substantial cash flow and balance-sheet strength to repurchase shares, which can bolster per-share earnings and signal management confidence. Follow the Money: 5 AI Stocks Buying Back Shares by the Billions
• Positive Sentiment: Investors see potential in diversification. Qualcomm is expanding beyond smartphones into automotive, data centers, and on-device or “agentic” AI, offering possible long-term growth avenues as handset demand matures. Prediction: Qualcomm Could Be on the Verge of a Major Transformation
• Neutral Sentiment: Market rotation is influencing semiconductor performance. While TSMC and Broadcom advanced on manufacturing and AI-related developments, Qualcomm pulled back, suggesting investors are favoring certain AI infrastructure names over mobile-chip exposure. Taiwan Semiconductor Gains 2% to Record as Musk Confirms Early Terafab Talks
• Neutral Sentiment: Valuation and volatility remain important risks. Commentary highlights Qualcomm’s relatively high sensitivity to market swings and questions how much future AI and diversification gains are already reflected in the stock. How Much Could You Lose In Qualcomm Stock?
• Negative Sentiment: Renewed Arm litigation creates potential downside. Qualcomm and Arm are headed to trial again, with the possibility of significant damages adding legal uncertainty to the investment case. Qualcomm and Arm head to trial again
• Negative Sentiment: Growth comparisons remain unfavorable. Recent analysis says Qualcomm’s revenue has been stable to declining while peers such as Micron show stronger acceleration, reinforcing concerns about slowing top-line momentum. Micron Technology vs. Qualcomm: What Revenue Trends Tell Investors
• Negative Sentiment: Handset dependence and analyst caution persist. Apple’s efforts to reduce its handset business and recent downward revisions raise concerns about Qualcomm’s core smartphone-related demand, despite its diversification initiatives.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a research report on Monday, September 21st. Robert W. Baird set a $400.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Susquehanna lowered their target price on shares of Qualcomm from $190.00 to $160.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. UBS Group lowered their price objective on Qualcomm from $190.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, Guggenheim set a $200.00 price target on Qualcomm in a research note on Monday, June 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $204.10.

Qualcomm Stock Down 2.2%

The firm has a fifty day moving average price of $171.48 and a 200 day moving average price of $176.39. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The company has a market cap of $189.87 billion, a P/E ratio of 20.92, a PEG ratio of 4.16 and a beta of 1.65.

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

Qualcomm Announces Dividend

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

Insider Buying and Selling at Qualcomm

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the transaction, the chief executive officer owned 177,568 shares in the company, valued at approximately $35,513,600. This trade represents a 5.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 208 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $170.00, for a total transaction of $35,360.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 31,631 shares of company stock worth $5,893,251. 0.05% of the stock is currently owned by insiders.

Institutional Trading of Qualcomm

A number of large investors have recently bought and sold shares of QCOM. JFS Wealth Advisors LLC boosted its position in Qualcomm by 3.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock worth $295,000 after acquiring an additional 53 shares during the last quarter. Wall Street Financial Group Inc. increased its holdings in shares of Qualcomm by 1.9% in the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock valued at $564,000 after purchasing an additional 57 shares during the last quarter. Sunbeam Capital Management LLC increased its holdings in shares of Qualcomm by 3.7% in the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock valued at $303,000 after purchasing an additional 58 shares during the last quarter. Basepoint Wealth LLC raised its position in shares of Qualcomm by 1.8% in the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after purchasing an additional 59 shares during the period. Finally, Five Oceans Advisors raised its holdings in Qualcomm by 3.3% in the 2nd quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company’s stock valued at $338,000 after acquiring an additional 59 shares during the period. 74.35% of the stock is owned by institutional investors.

About Qualcomm

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.