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Qualcomm gains as investors revisit SpaceX tie-up and growth beyond handsets

Investivoq PriceTracker

Qualcomm Incorporated (QCOM) is up 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a rebound after last week’s sharp post-earnings selloff, with investors refocusing on Qualcomm’s newer growth catalysts. In particular, the company’s newly announced SpaceX infrastructure win and its message that fiscal 2027 should mark an inflection in non-handset revenue appear to be supporting sentiment.

Details:

  • Qualcomm announced on November 4 that SpaceX selected its Dragonwing cellular infrastructure platforms for Starlink Mobile’s U.S. terrestrial 5G network, with rollout planned to begin in 2027 and tens of thousands of sites expected over the life of the agreement.
  • In its latest quarterly materials, management said fiscal 2027 marks the start of a non-handset revenue inflection, including a ramp in data center revenue, which may be helping investors look past near-term handset concerns.
  • The same earnings release highlighted strong diversification trends, including year-over-year growth in combined automotive and IoT revenue and a record automotive quarter.
  • This could also be because traders are reassessing the severity of the prior pullback after earnings, especially as broader tech shares stabilized and attention shifted back to Qualcomm’s AI and infrastructure opportunities.

    • Sources:

    Qualcomm, SEC, AP News

    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 Insider Trades

    $QCOM insiders have traded $QCOM stock on the open market 53 times in the past 6 months. Of those trades, 0 have been purchases and 53 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 $3,950,000.
    • AKASH J. PALKHIWALA (EVP, CFO & COO) has made 0 purchases and 42 sales selling 12,500 shares for an estimated $2,248,328.
    • HEATHER S ACE (EVP, Chief HR Officer) has made 0 purchases and 2 sales selling 6,400 shares for an estimated $999,872.
    • ANN C CHAPLIN (EVP, GenCounsel&CorpSecretary) has made 0 purchases and 2 sales selling 3,328 shares for an estimated $561,739.
    • PATRICIA Y GRECH (SVP, Chief Accounting Officer) has made 0 purchases and 4 sales selling 1,760 shares for an estimated $322,690.
    • SYLVIA ACEVEDO sold 60 shares for an estimated $10,074

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

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    $QCOM Hedge Fund Activity

    We have seen 1,478 institutional investors add shares of $QCOM stock to their portfolio, and 1,423 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • INVESCO LTD. added 23,250,203 shares (+180.9%) to their portfolio in Q2 2026, for an estimated $4,296,405,012
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 22,310,326 shares (+inf%) to their portfolio in Q2 2026, for an estimated $4,122,725,141
    • BLACKROCK, INC. removed 10,864,006 shares (-10.2%) from their portfolio in Q2 2026, for an estimated $2,007,559,668
    • CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 8,554,376 shares (-27.7%) from their portfolio in Q2 2026, for an estimated $1,580,763,141
    • ASSENAGON ASSET MANAGEMENT S.A. added 6,731,001 shares (+7341.8%) to their portfolio in Q3 2026, for an estimated $1,238,773,424
    • ASPEX MANAGEMENT (HK) LTD added 6,360,236 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,175,308,010
    • FRANKLIN RESOURCES INC removed 5,405,550 shares (-68.7%) from their portfolio in Q2 2026, for an estimated $998,891,584

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

    $QCOM Congressional Stock Trading

    Members of Congress have traded $QCOM stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 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 0 purchases and 2 sales worth up to $30,000 on 08/19, 08/12.

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

    $QCOM Price Targets

    Multiple analysts have issued price targets for $QCOM recently. We have seen 14 analysts offer price targets for $QCOM in the last 6 months, with a median target of $233.0.

    Here are some recent targets:

    • Vijay Rakesh from Mizuho set a target price of $210.0 on 06/29/2026
    • Christopher Rolland from Susquehanna set a target price of $190.0 on 06/25/2026
    • C.J. Muse from Cantor Fitzgerald set a target price of $220.0 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 Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.