Updated from 4:05 p.m. EDT

Semiconductor stocks were largely in the red Monday despite a solid second-quarter earnings report from Qualcomm ( QCOM).

Qualcomm raised its sales guidance for the year after reporting sales of $2.46 billion, beating top-line estimates of $2.35 billion. For the year, Qualcomm expects sales in the range of $9.8 billion to $10.2 billion. Analysts had expected $9.69 billion. Qualcomm shares rose 4.4% to $43.17.

Qualcomm's earnings release precedes a report Sunday that the company had settled a dispute with Broadcom ( BRCM) for $891 million, $200 million of which Qualcomm will pay in the quarter ended June 30. Broadcom shares rose 0.7% to $24.38.

Among other widely held semiconductor stocks:

Texas Instruments ( TXN) fell 2.3% to $17.47.

Intel ( INTC) fell 2.2% to $15.28.

Advanced Micro Devices ( AMD) fell 1.1% to $3.47.

Nvidia ( NVDA) fell 3.6% to $11.02.

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