Skip to main content

Qualcomm, Broadcom Aside, Chip Stocks Fall

Semiconductor stocks are largely in the red toward the end of the trading day Monday despite solid earnings from Qualcomm.

Updated from 4:05 p.m. EDT

Semiconductor stocks were largely in the red Monday despite a solid second-quarter

earnings report





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


a dispute with



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


fell 2.3% to $17.47.



fell 2.2% to $15.28.

Advanced Micro Devices


fell 1.1% to $3.47.



fell 3.6% to $11.02.