Insider Selling: Qualcomm (NASDAQ:QCOM) CEO Sells 10,000 Shares of Stock

Qualcomm Incorporated (NASDAQ:QCOM) CEO Cristiano Amon sold 10,000 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $195.00, for a total value of $1,950,000.00. Following the completion of the sale, the chief executive officer directly owned 187,568 shares in the company, valued at $36,575,760. This represents a 5.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Stock Down 0.5%

Shares of QCOM stock traded down $1.03 during trading hours on Wednesday, reaching $197.24. 9,684,458 shares of the stock were exchanged, compared to its average volume of 15,693,869. The business’s fifty day moving average is $168.72 and its two-hundred day moving average is $173.25. The firm has a market capitalization of $207.15 billion, a P/E ratio of 22.83, a P/E/G ratio of 4.05 and a beta of 1.68. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 1.9%. Qualcomm’s payout ratio is presently 42.59%.

Analyst Ratings Changes

QCOM has been the topic of a number of research reports. Zacks Research downgraded Qualcomm from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 15th. Sanford C. Bernstein restated a “market perform” rating on shares of Qualcomm in a research report on Wednesday, September 9th. Piper Sandler assumed coverage on shares of Qualcomm in a research report on Wednesday, September 9th. They set a “neutral” rating and a $190.00 target price on the stock. Citigroup decreased their price target on Qualcomm from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Finally, Evercore set a $159.00 price objective on Qualcomm in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $204.10.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: New AI-focused Snapdragon chips: Qualcomm introduced the Snapdragon 8 Elite Gen 6 and 8 Elite Extreme Gen 6, built on a 2nm process and designed for faster, more efficient on-device and “agentic” AI. Early commitments from Xiaomi, OnePlus, vivo and OPPO could support premium-chip pricing and improve Qualcomm’s position in high-end Android phones. Qualcomm launches two new smartphone chips with emphasis on AI
• Positive Sentiment: PickNik acquisition strengthens physical AI: The planned acquisition of PickNik Robotics, whose technology includes the MoveIt motion-planning framework, expands Qualcomm’s Dragonwing robotics platform into industrial automation, logistics and other non-handset markets. Investors view the software integration as a potential developer-ecosystem advantage and a source of longer-term revenue diversification. Qualcomm strengthens physical AI push with PickNik acquisition
• Positive Sentiment: Data-center expansion adds another catalyst: Optical interconnect demonstrations with Corning and Lumentum, along with two custom data-center chip programs expected to begin producing revenue in the December quarter, offer a potential offset to future Apple modem losses and reduce Qualcomm’s dependence on smartphone upgrades. Qualcomm AI interconnect demonstration
• Neutral Sentiment: Valuation has caught up with the rally: Analysts’ average 12-month target is approximately $204, close to recent trading levels, while the consensus rating remains Hold. Qualcomm’s buybacks, dividend and roughly 1.8% yield provide shareholder support, but investors want evidence that AI initiatives can accelerate revenue and earnings. Chips to Bots: Qualcomm’s Agentic AI Breakout
• Negative Sentiment: Near-term risks remain: The smartphone market is facing elevated memory costs and weaker demand, while Qualcomm’s latest reported revenue declined year over year. Apple’s move toward proprietary modem technology remains a medium-term headwind, and critics argue that the AI opportunity may not yet justify a premium multiple.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of QCOM. BlackRock Inc. purchased a new position in Qualcomm during the second quarter worth $17,583,115,000. State Street Corp boosted its stake in shares of Qualcomm by 1.3% during the second quarter. State Street Corp now owns 52,763,263 shares of the wireless technology company’s stock valued at $9,750,123,000 after acquiring an additional 671,537 shares during the last quarter. Geode Capital Management LLC raised its stake in Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after purchasing an additional 3,221,924 shares during the last quarter. Van ECK Associates Corp raised its stake in Qualcomm by 22.7% in the 2nd quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock valued at $3,178,872,000 after purchasing an additional 3,179,720 shares during the last quarter. Finally, Norges Bank purchased a new position in Qualcomm in the 4th quarter valued at about $2,591,056,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

About Qualcomm

Qualcomm Incorporated (NASDAQ: QCOM) is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.