Qualcomm (NASDAQ:QCOM) Stock Price Down 5.7% – Here’s What Happened

Qualcomm Incorporated (NASDAQ:QCOM) dropped 5.7% on Tuesday . The stock traded as low as $192.67 and last traded at $205.42. Approximately 29,660,891 shares traded hands during mid-day trading, an increase of 83% from the average daily volume of 16,219,368 shares. The stock had previously closed at $217.77.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s AI ecosystem is expanding into humanoid robots and autonomous vehicles, reinforcing the company’s push beyond mobile chips into multiple long-term growth markets. Qualcomm’s AI Ecosystem Extends To Humanoid Robots And Autonomous Vehicles
• Positive Sentiment: QCraft demonstrated urban NOA on Qualcomm’s Snapdragon Ride platform and is targeting mass production in 2026, a sign Qualcomm’s automotive business is gaining traction. QCraft Demonstrates Urban NOA on Qualcomm’s Latest Snapdragon Ride SoC, Targets 2026 Global Mass Production
• Positive Sentiment: JPMorgan raised its price target sharply to $265 from $160 ahead of Qualcomm’s investor day, suggesting the recent selloff may have gone too far. Why 1 veteran analyst firm hiked its Qualcomm stock price target for 2026
• Positive Sentiment: Qualcomm’s upcoming investor day could help validate its AI and data center strategy, which many investors see as the key catalyst for a re-rating. Qualcomm Drops 25%, but Investor Day Could Reverse the Slide
• Neutral Sentiment: Brokerage coverage remains cautious overall, with the average rating still at “Hold,” indicating the market is waiting for more proof that Qualcomm’s new growth initiatives can materially lift earnings. Qualcomm Incorporated (NASDAQ:QCOM) Receives Average Rating of “Hold” from Brokerages
• Negative Sentiment: Erste Group trimmed its FY2027 EPS estimate for Qualcomm, showing some analysts are becoming more conservative on earnings growth. Qualcomm Incorporated (NASDAQ:QCOM) Receives Average Rating of “Hold” from Brokerages
• Negative Sentiment: The stock has also been hit by a broader semiconductor pullback and profit-taking after a steep AI-driven run, which has weighed on short-term sentiment. Qualcomm Slips, Shorter-Term Momentum Cools From Roller Coaster AI Highs

Analyst Upgrades and Downgrades

QCOM has been the subject of several analyst reports. Roth Mkm initiated coverage on Qualcomm in a report on Friday, May 8th. They issued a “buy” rating for the company. Rosenblatt Securities restated a “buy” rating and issued a $190.00 price objective on shares of Qualcomm in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their price objective on Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Loop Capital upgraded Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Tuesday, February 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a report on Friday, March 27th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $181.79.

Qualcomm Price Performance

The firm has a market capitalization of $213.92 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 25.41 and a beta of 1.59. The company’s 50 day moving average is $181.26 and its 200-day moving average is $164.25. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM) last issued its earnings results 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. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. During the same period last year, the business posted $2.85 EPS. Qualcomm’s revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities research analysts anticipate that Qualcomm Incorporated will post 8 earnings per share for the current year.

Qualcomm Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.92 dividend. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. This represents a $3.68 annualized dividend and a yield of 1.8%. Qualcomm’s dividend payout ratio (DPR) is 40.00%.

Qualcomm announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In related news, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the sale, the chief executive officer owned 197,568 shares of the company’s stock, valued at $35,562,240. This trade represents a 4.82% 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. Over the last quarter, insiders have sold 19,306 shares of company stock valued at $3,435,583. Company insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Qualcomm

Several hedge funds have recently bought and sold shares of the stock. Your Advocates Ltd. LLP acquired a new stake in shares of Qualcomm in the first quarter valued at approximately $26,000. Richardson Financial Services Inc. grew its stake in shares of Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after buying an additional 80 shares during the last quarter. Torren Management LLC bought a new stake in shares of Qualcomm during the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after buying an additional 170 shares during the last quarter. Finally, Birchwood Financial Partners Inc. bought a new stake in shares of Qualcomm during the fourth quarter worth $31,000. 74.35% of the stock is currently 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.