Qualcomm (NASDAQ:QCOM) EVP Akash Palkhiwala Sells 2,500 Shares

Qualcomm Incorporated (NASDAQ:QCOM) EVP Akash Palkhiwala sold 2,500 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total transaction of $529,750.00. Following the transaction, the executive vice president directly owned 28,184 shares of the company’s stock, valued at approximately $5,972,189.60. This represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Stock Up 1.4%

QCOM stock traded up $2.90 during mid-day trading on Wednesday, hitting $213.21. 26,153,110 shares of the company were exchanged, compared to its average volume of 14,823,913. The company has a market capitalization of $224.72 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 29.42 and a beta of 1.49. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $247.90. The firm has a fifty day simple moving average of $143.44 and a 200 day simple moving average of $157.02.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.09. The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, research analysts forecast that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal year.

Qualcomm declared that its board has approved a stock buyback plan on Tuesday, March 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Qualcomm Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a yield of 1.7%. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio (DPR) is 40.00%.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s new Snapdragon 6 Gen 5 and related mobile platforms could support smartphone demand by adding AI-powered features to next-generation devices. QUALCOMM Incorporated (QCOM) Eyes Smartphone Growth with New Snapdragon Platforms
• Positive Sentiment: Investors are increasingly betting Qualcomm can grow beyond phones into AI infrastructure, helped by its hyperscaler win and broader AI ambitions. Qualcomm Stock Doubles: New Era? Or Another False Start?
• Positive Sentiment: Semiconductor stocks, including Qualcomm, rose as chip CEOs joined President Trump on a China summit, raising hopes for easing tariffs and improved access to Chinese demand. These Chip Stocks Are Rising as CEOs Join Trump at China Summit
• Positive Sentiment: Wall Street continues to see upside from Qualcomm’s AI expansion, with Tigress Financial raising its price target and reiterating a Buy rating. Tigress Financial Partners Reaffirms Buy Rating on QUALCOMM (QCOM) Amid AI Expansion
• Neutral Sentiment: Some analysts remain cautious on Qualcomm’s near-term outlook, suggesting the stock’s big move may already reflect much of the good news. Wall Street analysts update Qualcomm’s stock price target for the next 12 months
• Negative Sentiment: Recent pullbacks in the broader chip trade and profit-taking in AI names have pressured Qualcomm at times, reminding investors that momentum can reverse quickly. Qualcomm drops 13% as chip stocks pull back from record AI-driven rally

Institutional Trading of Qualcomm

A number of institutional investors have recently made changes to their positions in the stock. Cloud Capital Management LLC bought a new stake in shares of Qualcomm in the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. raised its holdings in shares of Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Torren Management LLC bought a new stake in shares of Qualcomm in the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 170 shares in the last quarter. Finally, Birchwood Financial Partners Inc. bought a new stake in shares of Qualcomm in the 4th quarter worth approximately $31,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

QCOM has been the subject of several research reports. Daiwa Securities Group raised shares of Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price target for the company in a report on Friday, May 8th. Summit Insights raised shares of Qualcomm from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Craig Hallum raised shares of Qualcomm to a “buy” rating in a research note on Friday, May 8th. Cantor Fitzgerald boosted their target price on shares of Qualcomm from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Barclays upped their price target on shares of Qualcomm from $130.00 to $150.00 and gave the stock an “underweight” rating in a research note on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Qualcomm has an average rating of “Hold” and an average price target of $180.37.

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.