Qualcomm Shares Dip 1% Amid Market Volatility

Analysts maintain mixed ratings on the semiconductor giant's stock.

Mar. 13, 2026 at 9:40pm

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Shares of Qualcomm Incorporated (NASDAQ:QCOM) traded down 1% on Friday, closing at $129.82 per share. The decline came amid broader market volatility, with the stock trading as low as $129.22 during the session. Trading volume was down 26% from the average, with 7.7 million shares changing hands.

Why it matters

Qualcomm is a major player in the semiconductor industry, known for its development of wireless technologies and central role in the evolution of cellular standards. The company's stock performance is closely watched as an indicator of broader trends in the tech and telecom sectors.

The details

Several Wall Street analysts have recently weighed in on Qualcomm's stock. Daiwa Securities Group downgraded the stock to 'neutral' and set a $140 price target, while Piper Sandler reiterated an 'overweight' rating and $200 target. Evercore decreased its price objective to $134, maintaining an 'in-line' rating.

  • Qualcomm's stock price traded down 1% during trading on Friday, March 13, 2026.

The players

Qualcomm Incorporated

A global semiconductor and telecommunications equipment company headquartered in San Diego, California. Qualcomm is known for its development of wireless technologies and central role in the evolution of digital cellular standards.

Daiwa Securities Group

A Japanese financial services group that recently downgraded Qualcomm's stock to 'neutral' and set a $140 price target.

Piper Sandler

An investment bank that reiterated an 'overweight' rating on Qualcomm's stock and maintained a $200 price target.

Evercore

A financial advisory and investment management firm that decreased its price objective for Qualcomm to $134, while maintaining an 'in-line' rating.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

Qualcomm's stock performance reflects the broader volatility in the tech and telecom sectors, with analysts maintaining a mixed outlook on the company's prospects. Investors will be closely watching for any further developments that could impact the semiconductor giant's business and share price.