Qualcomm (NASDAQ:QCOM) Stock Price Up 1.8% – Here’s Why

Qualcomm Incorporated (NASDAQ:QCOM) shot up 1.8% during trading on Monday . The stock traded as high as $171.19 and last traded at $170.04. 12,460,581 shares traded hands during trading, a decline of 25% from the average session volume of 16,510,100 shares. The stock had previously closed at $166.97.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: BMW supply agreement supports long-term automotive growth. BMW named Qualcomm its lead compute-silicon provider for future digital cockpit and advanced driver-assistance systems, with vehicle programs expected to span the next decade. The agreement covers Qualcomm’s Snapdragon Cockpit and Snapdragon Ride platforms and strengthens visibility in automotive semiconductors. Reuters BMW supply deal article
• Positive Sentiment: Modular acquisition expands Qualcomm’s AI capabilities. Qualcomm completed its all-stock acquisition of Modular, whose AI-native software helps developers optimize and deploy generative and agentic AI workloads across different computing systems. Qualcomm says the combination could support growth in data center, edge infrastructure, and personal and industrial AI. Qualcomm completes Modular acquisition article
• Positive Sentiment: Analyst H. Engel of Erste Group modestly increased Qualcomm’s fiscal 2026 EPS forecast to $7.91 from $7.90, although the estimate remains below the $7.97 consensus. MarketBeat Qualcomm analyst estimate article
• Neutral Sentiment: Earnings are the immediate catalyst. Qualcomm is scheduled to report fiscal-third-quarter results after the market closes on July 29. Options markets are pricing roughly a 9% potential move, indicating elevated uncertainty around the results and outlook. Benzinga Qualcomm earnings preview
• Negative Sentiment: Handset weakness and technical pressure are weighing on the stock. Qualcomm’s handset revenue fell 13% in the prior quarter, while automotive revenue rose 38% to a record. The stock has fallen more than 37% from its yearly high and reached its lowest level since April 30, making the earnings report a crucial test of whether AI and automotive growth can counter slowing smartphones. Invezz Qualcomm volatility article

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of research reports. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Sanford C. Bernstein boosted their price objective on Qualcomm from $140.00 to $235.00 and gave the company a “market perform” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. raised their target price on Qualcomm from $160.00 to $265.00 and gave the stock a “neutral” rating in a report on Friday, June 5th. Lake Street Capital downgraded Qualcomm to a “hold” rating in a report on Thursday, June 25th. Finally, Rosenblatt Securities raised their price objective on shares of Qualcomm from $190.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $222.77.

Qualcomm Stock Down 2.5%

The company has a market cap of $167.44 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 5.05 and a beta of 1.63. The business has a fifty day moving average of $202.20 and a two-hundred day moving average of $168.13. 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 posted its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating 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 business earned $2.85 earnings per share. The business’s revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Qualcomm Incorporated will post 7.97 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s payout ratio is presently 40.00%.

Insider Transactions at Qualcomm

In related news, CAO Patricia Y. Grech sold 829 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the 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 completion of the sale, the executive vice president owned 39,735 shares of the company’s stock, valued at $7,065,677.70. This trade represents 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. Over the last three months, insiders sold 21,721 shares of company stock valued at $4,044,465. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Qualcomm during the 4th quarter worth $2,591,056,000. Wellington Management Group LLP boosted its stake in 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 buying an additional 4,290,622 shares during the period. Geode Capital Management LLC increased its position in shares of Qualcomm by 12.5% during 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 last quarter. Invesco Ltd. raised its stake in shares of Qualcomm by 28.1% in the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock valued at $2,163,030,000 after acquiring an additional 2,771,490 shares during the period. Finally, Viking Global Investors LP lifted its holdings in shares of Qualcomm by 120.1% in the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock worth $502,125,000 after acquiring an additional 1,720,529 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

About Qualcomm

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.