Qualcomm (NASDAQ:QCOM) Shares Unloaded Rep. Sara Jacobs

Representative Sara Jacobs (Democratic-California) recently sold shares of Qualcomm Incorporated (NASDAQ:QCOM). In a filing disclosed on May 20th, the Representative disclosed that they had sold between $500,001 and $1,000,000 in Qualcomm stock on May 6th. The trade occurred in the Representative’s “SARA J JACOBS 1999 TRUST > MERRILL LYNCH – SJ QCOM” account.

Representative Sara Jacobs also recently made the following trade(s):

• Sold $500,001 – $1,000,000 in shares of Qualcomm (NASDAQ:QCOM) on 5/7/2026.

Qualcomm Stock Performance

Shares of QCOM stock opened at $213.41 on Friday. The stock has a fifty day moving average price of $152.74 and a 200 day moving average price of $158.33. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The stock has a market cap of $224.93 billion, a PE ratio of 23.20, a P/E/G ratio of 25.08 and a beta of 1.49. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $247.90.

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

Qualcomm Increases Dividend

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

Qualcomm declared that its Board of Directors has initiated a stock repurchase program on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Morgan Stanley assumed coverage on shares of Qualcomm in a research report on Friday, May 8th. They set an “overweight” rating for the company. Robert W. Baird set a $300.00 price objective on Qualcomm in a report on Friday, May 1st. Barclays boosted their target price on shares of Qualcomm from $130.00 to $150.00 and gave the company an “underweight” rating in a report on Thursday, April 30th. Bank of America started coverage on Qualcomm in a research note on Tuesday, March 10th. They set an “underperform” rating and a $145.00 price target for the company. Finally, Wells Fargo & Company cut shares of Qualcomm from a “positive” rating to an “underweight” rating in a research report on Friday, May 8th. Fourteen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Qualcomm has a consensus rating of “Hold” and a consensus price target of $181.79.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Qualcomm as a potential beneficiary of AI growth, including its Snapdragon X Elite/Plus PC processors and expanding opportunities in data center and AI infrastructure. Article Title
• Positive Sentiment: Qualcomm was also cited as an alternative AI stock as investors look beyond Nvidia, reinforcing the bull case that QCOM could still have upside from broader AI demand. Article Title
• Positive Sentiment: Recent coverage notes Qualcomm’s AI business gains, including CPU and ASIC performance, and points out that the company remains a holding in Ken Fisher’s portfolio, which may support investor confidence. Article Title
• Neutral Sentiment: CAO Patricia Y. Grech sold 829 shares under a pre-arranged Rule 10b5-1 trading plan. The sale was modest in size, so it is unlikely to be a major fundamental concern, but insider selling can still weigh on sentiment. Article Title
• Negative Sentiment: QCOM has also been hit by a broader semiconductor selloff tied to valuation concerns and profit-taking after the AI rally, with investors cautious ahead of major chip earnings. Article Title
• Negative Sentiment: One market update said Qualcomm fell as the semiconductor sector weakened ahead of Nvidia’s earnings, suggesting the stock’s recent decline is being driven more by sector rotation than by a single Qualcomm-specific setback. Article Title

Insider Activity at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the sale, the chief executive officer owned 197,568 shares in the company, valued at approximately $35,562,240. This trade represents a 4.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 19,306 shares of company stock valued at $3,435,583 in the last 90 days. 0.05% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cloud Capital Management LLC purchased a new stake in Qualcomm during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. grew its position in shares of Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after buying an additional 80 shares in the last quarter. Torren Management LLC bought a new stake in shares of Qualcomm in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd raised its holdings in Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares in the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new stake in Qualcomm in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

About Representative Jacobs

Sara Jacobs (Democratic Party) is a member of the U.S. House, representing California’s 51st Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

Jacobs (Democratic Party) is running for re-election to the U.S. House to represent California’s 51st Congressional District. She declared candidacy for the 2026 election.

Sara Jacobs was born in San Diego, California. Jacobs earned a bachelor’s degree in political science and a master’s degree in international affairs from Columbia University. Her career experience includes working as a policy advisor with Hillary Clinton’s 2016 presidential campaign; in policy positions with the U.S. State Department, UNICEF, and the United Nations; and the CEO of Project Connect. Jacobs founded San Diego for Every Child: The Coalition to End Child Poverty and served as the CEO of Project Connect.

Qualcomm Company Profile

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.