Why Qualcomm (QCOM) Stock Is Down Today

Qualcomm Incorporated (QCOM) is down 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely explanation is a mix of broad semiconductor weakness and investor caution around Qualcomm’s aggressive push into data-center AI. There does not appear to be a single fresh company-specific shock tied to the move, so this could be because traders are reassessing execution risk, competition, and deal spending after the company’s recent expansion plans.

Details:

Qualcomm recently used its 2026 Investor Day to raise its long-term diversification ambitions, including a target of more than $15 billion in fiscal 2029 data-center revenue and more than $40 billion in non-handset revenue.

The company also announced an agreement to acquire Modular, a software-focused AI company, to strengthen its developer stack and broaden its edge-to-cloud AI strategy.

Separate June deal chatter indicated Qualcomm had explored a possible acquisition of Tenstorrent, which added to investor focus on capital allocation, integration risk, and the cost of building a larger AI platform.

Qualcomm shares have also been trading with the wider AI and chip complex, so a down day for the group can pressure the stock even without a new filing, earnings update, or guidance change.

Sources:

Qualcomm, SEC, Reuters

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 67 times in the past 6 months. Of those trades, 0 have been purchases and 67 have been sales.

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

CRISTIANO R AMON (President & CEO) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $3,650,000.
AKASH J. PALKHIWALA (EVP, CFO & COO) has made 0 purchases and 59 sales selling 15,833 shares for an estimated $2,590,618.
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 4 sales selling 1,687 shares for an estimated $288,522.

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.

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$QCOM Hedge Fund Activity

We have seen 1,123 institutional investors add shares of $QCOM stock to their portfolio, and 1,528 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
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
AMUNDI removed 2,673,228 shares (-33.7%) from their portfolio in Q1 2026, for an estimated $338,671,522
CITIGROUP INC added 2,342,416 shares (+58.6%) to their portfolio in Q1 2026, for an estimated $296,760,917

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 6 times in the past 6 months. Of those trades, 3 have been purchases and 3 have been sales.

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

REPRESENTATIVE MARIA ELVIRA SALAZAR has traded it 2 times. They made 2 purchases worth up to $65,000 on 05/13 and 0 sales.
REPRESENTATIVE SARA JACOBS has traded it 2 times. They made 0 purchases and 2 sales worth up to $2,000,000 on 05/07, 05/06.
REPRESENTATIVE JARED MOSKOWITZ sold up to $50,000 on 03/31.
SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

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 22 analysts offer price targets for $QCOM in the last 6 months, with a median target of $215.0.

Here are some recent targets:

Vijay Rakesh from Mizuho set a target price of $210.0 on 06/29/2026
Joseph Moore from Morgan Stanley set a target price of $231.0 on 06/25/2026
Christopher Rolland from Susquehanna set a target price of $190.0 on 06/25/2026
Kevin Cassidy from Rosenblatt set a target price of $265.0 on 06/25/2026
Aaron Rakers from Wells Fargo set a target price of $265.0 on 06/25/2026
Srini Pajjuri from RBC Capital set a target price of $250.0 on 06/25/2026
Joshua Buchalter from TD Cowen set a target price of $200.0 on 06/25/2026

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.