Qualcomm (NASDAQ:QCOM) Stock Price Up 1.4% – Here’s What Happened

Qualcomm Incorporated (NASDAQ:QCOM)’s stock price rose 1.4% during mid-day trading on Tuesday. The company traded as high as $180.78 and last traded at $176.86. 11,614,908 shares were traded during trading, a decline of 24% from the average session volume of 15,318,946 shares. The stock had previously closed at $174.43.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: A Delaware jury found that Arm breached its license agreement with Qualcomm. Although the damages award was only $2 and therefore has little direct financial impact, the decision may reduce legal uncertainty surrounding Qualcomm’s chip designs and licensing rights. Qualcomm said it was “gratified” by the verdict. Delaware jury awards Qualcomm $2 in damages, finds Arm breached license agreement
• Positive Sentiment: Qualcomm’s growth narrative is expanding beyond handsets. The company recently added Amazon as a long-term cloud chip customer, while its work on AI-enabled networks, Giga-MIMO and 6G sensing with industry partners could create future opportunities in infrastructure and connected devices. Qualcomm has Amazon now. Why is it still priced like a phone stock?
• Neutral Sentiment: Analyst coverage remains mixed. Baird reportedly set a $400 price target, but broader sell-side coverage currently rates Qualcomm “Hold,” suggesting investors see upside from diversification but remain cautious about execution and handset exposure. Qualcomm stock rated Hold by sell-side brokerages
• Negative Sentiment: Phone chips remain Qualcomm’s largest business, generating about $5.1 billion, or more than half of quarterly revenue. Handset revenue is vulnerable to slower smartphone demand and customer concentration; total quarterly revenue recently fell 4% year over year, while earnings narrowly missed consensus estimates. How much of Qualcomm stock rides on one business?
• Negative Sentiment: A broader pullback in semiconductor equipment stocks after a strong AI-driven run reflects profit-taking and could weigh on chip-sector sentiment, even though Qualcomm is not directly exposed to the same equipment names. Semiconductor equipment stocks slide as investors take profits

Analyst Ratings Changes

Several equities analysts have weighed in on QCOM shares. Robert W. Baird set a $400.00 price objective on Qualcomm in a report on Thursday, July 30th. TD Cowen reduced their target price on Qualcomm from $225.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. The Goldman Sachs Group set a $160.00 price target on Qualcomm in a research report on Thursday, July 30th. Oppenheimer set a $200.00 price target on Qualcomm in a research note on Monday, July 27th. Finally, Bank of America upped their price objective on shares of Qualcomm from $165.00 to $195.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 23rd. Two equities research 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $204.10.

Qualcomm Stock Up 1.4%

The firm has a market capitalization of $188.86 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 3.95 and a beta of 1.65. The stock has a fifty day moving average of $173.99 and a two-hundred day moving average of $178.40. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

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

Insider Buying and Selling at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $162.85, for a total transaction of $101,781.25. Following the transaction, the chief accounting officer directly owned 208 shares in the company, valued at approximately $33,872.80. This trade represents a 75.03% decrease in their position. The sale was disclosed in a legal 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, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $182.85, for a total transaction of $457,125.00. Following the transaction, the executive vice president owned 18,184 shares in the company, valued at approximately $3,324,944.40. This trade represents a 12.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,131 shares of company stock valued at $5,441,226 over the last three months. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Moody National Bank Trust Division increased its position in Qualcomm by 20.0% in the third quarter. Moody National Bank Trust Division now owns 14,441 shares of the wireless technology company’s stock worth $2,658,000 after buying an additional 2,405 shares during the last quarter. Greenwich Wealth Management LLC bought a new position in shares of Qualcomm during the 2nd quarter worth $242,000. QRG Capital Management Inc. grew its stake in shares of Qualcomm by 12.7% during the 2nd quarter. QRG Capital Management Inc. now owns 204,726 shares of the wireless technology company’s stock worth $37,831,000 after acquiring an additional 23,009 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Qualcomm by 8.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 48,184 shares of the wireless technology company’s stock worth $8,904,000 after acquiring an additional 3,746 shares during the last quarter. Finally, State Street Corp increased its holdings in Qualcomm by 1.3% in the 2nd quarter. State Street Corp now owns 52,763,263 shares of the wireless technology company’s stock worth $9,750,123,000 after acquiring an additional 671,537 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Qualcomm Company Profile

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.