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

Qualcomm Incorporated (NASDAQ:QCOM) EVP Akash Palkhiwala sold 2,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total transaction of $529,750.00. Following the sale, 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 position. The sale was disclosed in a legal filing 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.

Qualcomm Stock Performance

QCOM opened at $200.08 on Friday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $247.90. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The stock has a market cap of $210.88 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 26.40 and a beta of 1.49. The business’s 50 day moving average is $146.12 and its 200-day moving average is $157.55.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $10.59 billion. During the same quarter in the previous year, the firm posted $2.85 EPS. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, analysts predict that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. Qualcomm’s payout ratio is currently 38.70%.

Qualcomm announced that its board has authorized a share repurchase program on Tuesday, March 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have issued reports on QCOM shares. Susquehanna lifted their price target on shares of Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. TD Cowen lifted their target price on shares of Qualcomm from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Roth Mkm initiated coverage on shares of Qualcomm in a report on Friday, May 8th. They set a “buy” rating on the stock. Craig Hallum upgraded Qualcomm to a “buy” rating in a report on Friday, May 8th. Finally, UBS Group cut Qualcomm from a “neutral” rating to an “underperform” rating in a research report on Friday, May 8th. Fourteen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and an average target price of $180.37.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm posted better-than-expected fiscal Q2 results, with earnings and revenue both slightly ahead of estimates, which is helping support the stock.
• Positive Sentiment: New developments around Qualcomm’s data center processors and custom silicon deals are boosting hopes that the company can expand beyond smartphones into AI-driven growth markets. Why Is Qualcomm (QCOM) Stock Soaring Today
• Positive Sentiment: Several analysts raised price targets or upgraded the stock, reflecting improving confidence in Qualcomm’s outlook after the recent rally. Qualcomm (QCOM) price target increased by 12.91% to 180.60
• Positive Sentiment: Analyst coverage is increasingly focused on Qualcomm’s AI positioning, Snapdragon launches, and potential smartphone growth, which is reinforcing the bullish narrative. QUALCOMM Incorporated (QCOM) Eyes Smartphone Growth with New Snapdragon Platforms
• Neutral Sentiment: An executive vice president sold shares under a pre-arranged trading plan, which may slightly weigh on sentiment but is not necessarily a negative signal. Qualcomm (NASDAQ:QCOM) EVP Sells $529,750.00 in Stock
• Neutral Sentiment: Broader semiconductor volatility is also in play, with some reports saying investors are rotating out of the AI chip trade after a strong run. Intel, Qualcomm fall: investors booking gains or cautious about growing competition?
• Negative Sentiment: Some analysts are still cautious, arguing that competitive pressure remains intense and that near-term upside may already be partly priced in. Wall Street analysts update Qualcomm’s stock price target for the next 12 months

Institutional Investors Weigh In On Qualcomm

Several hedge funds have recently modified their holdings of the business. Cloud Capital Management LLC acquired a new stake in Qualcomm during the third quarter valued at approximately $27,000. Richardson Financial Services Inc. raised its holdings in Qualcomm by 90.9% in the fourth 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 during the period. Torren Management LLC acquired a new stake in shares of Qualcomm during the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd lifted its position in 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 valued at $29,000 after acquiring an additional 170 shares in the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new position in Qualcomm during the 4th quarter worth approximately $31,000. 74.35% of the stock is owned by institutional investors.

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.