QCOM Stock Today: January 13 Mizuho Cut, iPhone Risk Weigh on Shares
The qualcomm share price slipped as Mizuho downgraded the stock and cut its price target to $175, while reports highlighted rising iPhone-related risk for the Apple supplier. Nasdaq-listed QCOM traded lower amid concerns about handset demand and Apple exposure into 2026 positioning. For India-based investors tracking U.S. tech, today’s action sets up fresh near-term volatility. We break down the call, price levels, and what to watch ahead of the February earnings update.
Mizuho downgrade and Apple risk
Mizuho downgraded QCOM and set a $175 price target, citing softer handset trends and concentration risk tied to Apple. Barron’s also flagged iPhone-related risk for the Apple supplier, pressuring sentiment. Together, the headlines challenged near-term optimism and nudged risk-off positioning in semis. See coverage from Barron’s and GuruFocus.
For portfolios in India, U.S. chip exposure is often a proxy for global smartphone cycles. The qualcomm share price is sensitive to iPhone volumes and premium Android demand, both important in India’s upgrade market. A single-broker downgrade can amplify near-term swings, affecting SIP timing, LRS-based allocations, and tech-heavy international funds held by Indian investors.
Price action and key technical levels
QCOM fell to $169.27, down 4.79% (-$8.51). The session ranged between $169.24 and $175.88, versus the 52-week band of $120.80 to $205.95. The 50-day average is $173.78, while the 200-day is $159.72. Trading below the 50-day keeps the qualcomm share price in a near-term corrective phase, with investors eyeing a potential retest of recent supports.
RSI sits at 53.87 and ADX at 18.09, indicating a neutral, low-trend tape. Bollinger levels are near $182.73 upper, $176.26 middle, and $169.79 lower. With ATR at 4.76, near-term swings can widen. The MACD remains slightly positive. Watch support around $169.8 and resistance near $176 to $182.7 as the qualcomm share price reacts to fresh news.
Earnings, valuation, and Street view
Qualcomm reports on February 4, 2026. Street ratings show 3 Buys, 3 Holds, and no Sells, reflecting balanced expectations. The consensus sits around Neutral, while Mizuho’s $175 mark frames near-term upside-risk. For the Apple iPhone supplier narrative, investors will parse guidance for handset demand, Apple mix, and diversification into automotive and edge AI.
Shares trade at a 33.55x TTM P/E with a 2.07% dividend yield. Free cash flow yield is about 6.40%, and the current ratio stands at 2.82. Net debt to EBITDA is 0.62 with interest coverage of 18.6. These metrics suggest solid liquidity and coverage, yet valuation leaves less room if handset demand softens further.
Strategy for India-based portfolios
Traders may monitor $169.8 support and the $176 to $182.7 zone for a range breakout. With ATR at 4.76, position sizing can assume roughly $5 daily swing. Some use 1.5x to 2x ATR stops below entry. If the qualcomm share price holds above the 50-day average, momentum stabilisation could follow.
For Indian investors using LRS or global funds, diversify across semis, not just one Apple iPhone supplier. Consider staggered entries around technical levels and review USD exposure, since rupee moves can add to P&L. Keep position sizes modest into earnings and adjust if guidance shifts handset unit or premium-tier assumptions.
Final Thoughts
Today’s move shows how a single downgrade and an iPhone risk headline can sway sentiment. The qualcomm share price closed below its 50-day average, with $169.8 as the first support and $176 to $182.7 as a nearby ceiling. Fundamentals remain sound, but valuation requires steady handset demand and progress in auto and edge AI. For India-based investors, stagger entries, respect ATR-driven risk, and avoid concentration in one Apple iPhone supplier theme. Watch February 4 earnings for updates on units, mix, and guidance. A decisive close back above the 50-day could improve the risk-reward setup.
FAQs
Why did QCOM fall today?
Shares slipped after a Mizuho downgrade and a cut in its price target to $175, alongside headlines about rising iPhone-related risk for the Apple supplier. Those inputs pressured near-term sentiment, leading traders to reduce exposure and reassess handset demand into 2026 positioning.
Is Mizuho’s price target below the current price?
Mizuho set a $175 target. QCOM last traded at $169.27, so the target is modestly above the current level. The downgrade signals reduced confidence in near-term upside even if there is some room to the target, keeping risk-reward more balanced.
What are the key technical levels to watch?
First support sits near the Bollinger lower band around $169.8, with resistance around the 50-day average near $173.8 and the $176 to $182.7 zone. RSI at 53.9 and ADX at 18 suggest a neutral trend, so news flow could drive breakouts.
When is Qualcomm’s next earnings report?
Qualcomm is scheduled to report on February 4, 2026. Investors will focus on handset demand, Apple mix, and commentary on diversification into automotive and edge AI. Guidance around unit trends and premium tiers will likely drive the near-term direction.
How should India-based investors approach QCOM now?
Consider staggered entries, modest position sizes, and ATR-based stops. Diversify across semis rather than relying on a single Apple iPhone supplier play. Monitor USDINR effects on returns and reassess after the February earnings print to align with updated guidance.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
