Qualcomm shares slide as chip stocks retreat and investors refocus on Apple exposure risk

Qualcomm Incorporated (QCOM) is down 5.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop looks driven primarily by a broader pullback in semiconductor stocks as markets turned more risk-off amid macro concerns, rather than a single Qualcomm-specific headline. Ongoing investor unease about Qualcomm’s longer-term iPhone modem revenue exposure may be amplifying the move as traders reduce positions in richly valued chip names.

Details:

Chip stocks were broadly weaker as investors pulled back from the semiconductor rally amid persistent inflation concerns and pressure from higher bond yields, which tend to weigh on growth-stock valuations.

Recent trading commentary around Qualcomm has highlighted the market’s sensitivity to its Apple modem trajectory, including expectations that Apple’s in-house modem effort could reduce Qualcomm content over time.

Qualcomm has also seen a cluster of recent analyst rating/price-target actions in May, which can add incremental downside pressure when sentiment is already fragile.

This could also reflect profit-taking and de-risking across the AI/semiconductor complex ahead of major sector catalysts and earnings, even without new Qualcomm fundamentals released today.

Sources:

Reuters, TheStreet, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$QCOM Insider Trading Activity

$QCOM insiders have traded $QCOM stock on the open market 62 times in the past 6 months. Of those trades, 0 have been purchases and 62 have been sales.

Here’s a breakdown of recent trading of $QCOM stock by insiders over the last 6 months:

AKASH J. PALKHIWALA (EVP, CFO & COO) has made 0 purchases and 47 sales selling 26,704 shares for an estimated $4,420,564.
CRISTIANO R AMON (President & CEO) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $3,650,000.
ALEXANDER H ROGERS (EVP, Pres QTL & Global Affairs) has made 0 purchases and 3 sales selling 15,917 shares for an estimated $2,833,330.
ANN C CHAPLIN (EVP, GenCounsel&CorpSecretary) has made 0 purchases and 3 sales selling 7,180 shares for an estimated $1,278,237.
HEATHER S ACE (EVP, Chief HR Officer) has made 0 purchases and 2 sales selling 6,400 shares for an estimated $1,007,424.
PATRICIA Y GRECH (SVP, Chief Accounting Officer) has made 0 purchases and 5 sales selling 1,574 shares for an estimated $238,332.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$QCOM Hedge Fund Activity

We have seen 1,147 institutional investors add shares of $QCOM stock to their portfolio, and 1,730 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 24,234,489 shares (+365.5%) to their portfolio in Q1 2026, for an estimated $3,070,269,834
WELLINGTON MANAGEMENT GROUP LLP removed 8,375,140 shares (-50.1%) from their portfolio in Q1 2026, for an estimated $1,061,047,324
BLACKROCK, INC. added 5,875,924 shares (+5.9%) to their portfolio in Q1 2026, for an estimated $744,421,399
AMERIPRISE FINANCIAL INC removed 3,804,877 shares (-38.6%) from their portfolio in Q1 2026, for an estimated $482,040,247
VAN ECK ASSOCIATES CORP added 3,671,788 shares (+35.5%) to their portfolio in Q1 2026, for an estimated $465,179,188
PRICE T ROWE ASSOCIATES INC /MD/ removed 3,294,195 shares (-30.4%) from their portfolio in Q1 2026, for an estimated $417,341,893
INVESCO LTD. added 2,771,490 shares (+28.1%) to their portfolio in Q4 2025, for an estimated $474,063,364

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$QCOM Congressional Stock Trading

Members of Congress have traded $QCOM stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $QCOM stock by members of Congress over the last 6 months:

REPRESENTATIVE JARED MOSKOWITZ sold up to $50,000 on 03/31.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$QCOM Analyst Ratings

Wall Street analysts have issued reports on $QCOM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Underweight" rating on 04/30/2026
Benchmark issued a "Buy" rating on 04/30/2026

To track analyst ratings and price targets for $QCOM, check out Quiver Quantitative's $QCOM forecast page.

$QCOM Price Targets

Multiple analysts have issued price targets for $QCOM recently. We have seen 21 analysts offer price targets for $QCOM in the last 6 months, with a median target of $160.0.

Here are some recent targets:

Ivan Feinseth from Tigress Financial set a target price of $280.0 on 05/08/2026
Louis Miscioscia from Daiwa Capital set a target price of $225.0 on 05/08/2026
Atif Malik from Citigroup set a target price of $160.0 on 04/30/2026
C.J. Muse from Cantor Fitzgerald set a target price of $150.0 on 04/30/2026
Kevin Cassidy from Rosenblatt set a target price of $190.0 on 04/30/2026
Mark Lipacis from Evercore ISI Group set a target price of $179.0 on 04/30/2026
Tom O'Malley from Barclays set a target price of $150.0 on 04/30/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.