Qualcomm (NASDAQ:QCOM) EVP Sells $493,375.00 in Stock

Qualcomm Incorporated (NASDAQ:QCOM) EVP Akash Palkhiwala sold 2,500 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $197.35, for a total transaction of $493,375.00. Following the completion of the transaction, the executive vice president directly owned 25,684 shares of the company’s stock, valued at $5,068,737.40. This represents a 8.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Price Performance

Qualcomm stock traded up $11.76 during mid-day trading on Thursday, hitting $202.96. The stock had a trading volume of 18,890,864 shares, compared to its average volume of 16,273,217. The firm’s 50 day moving average is $181.26 and its 200 day moving average is $164.25. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The firm has a market capitalization of $213.92 billion, a P/E ratio of 22.06, a P/E/G ratio of 25.41 and a beta of 1.59. 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 (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter in the prior year, the firm earned $2.85 EPS. The business’s 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, sell-side analysts forecast that Qualcomm Incorporated will post 8 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.8%. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio is currently 40.00%.

Qualcomm announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 17th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

QCOM has been the topic of several recent research reports. Evercore set a $179.00 target price on shares of Qualcomm in a research report on Thursday, April 30th. Susquehanna upped their target price on shares of Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. increased their price objective 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. Oppenheimer lowered shares of Qualcomm from a “market perform” rating to a “market perform” rating in a research report on Friday, May 8th. Finally, Summit Insights raised shares of Qualcomm from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and a consensus price target of $181.79.

Hedge Funds Weigh In On Qualcomm

A number of institutional investors have recently modified their holdings of the stock. Basepoint Wealth LLC increased its position in shares of Qualcomm by 1.8% during the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock worth $429,000 after acquiring an additional 59 shares during the period. Certified Advisory Corp increased its position in shares of Qualcomm by 0.6% during the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after acquiring an additional 62 shares during the period. ProVise Management Group LLC increased its position in shares of Qualcomm by 2.6% during the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock worth $426,000 after acquiring an additional 64 shares during the period. Baker Tilly Wealth Management LLC increased its position in shares of Qualcomm by 1.0% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock worth $1,095,000 after acquiring an additional 64 shares during the period. Finally, Modern Wealth Management LLC increased its position in shares of Qualcomm by 0.5% during the first quarter. Modern Wealth Management LLC now owns 13,704 shares of the wireless technology company’s stock worth $1,744,000 after acquiring an additional 64 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s AI ecosystem is expanding into humanoid robots and autonomous vehicles, reinforcing the company’s push beyond mobile chips into multiple long-term growth markets. Qualcomm’s AI Ecosystem Extends To Humanoid Robots And Autonomous Vehicles
• Positive Sentiment: QCraft demonstrated urban NOA on Qualcomm’s Snapdragon Ride platform and is targeting mass production in 2026, a sign Qualcomm’s automotive business is gaining traction. QCraft Demonstrates Urban NOA on Qualcomm’s Latest Snapdragon Ride SoC, Targets 2026 Global Mass Production
• Positive Sentiment: JPMorgan raised its price target sharply to $265 from $160 ahead of Qualcomm’s investor day, suggesting the recent selloff may have gone too far. Why 1 veteran analyst firm hiked its Qualcomm stock price target for 2026
• Positive Sentiment: Qualcomm’s upcoming investor day could help validate its AI and data center strategy, which many investors see as the key catalyst for a re-rating. Qualcomm Drops 25%, but Investor Day Could Reverse the Slide
• Neutral Sentiment: Brokerage coverage remains cautious overall, with the average rating still at “Hold,” indicating the market is waiting for more proof that Qualcomm’s new growth initiatives can materially lift earnings. Qualcomm Incorporated (NASDAQ:QCOM) Receives Average Rating of “Hold” from Brokerages
• Negative Sentiment: Erste Group trimmed its FY2027 EPS estimate for Qualcomm, showing some analysts are becoming more conservative on earnings growth. Qualcomm Incorporated (NASDAQ:QCOM) Receives Average Rating of “Hold” from Brokerages
• Negative Sentiment: The stock has also been hit by a broader semiconductor pullback and profit-taking after a steep AI-driven run, which has weighed on short-term sentiment. Qualcomm Slips, Shorter-Term Momentum Cools From Roller Coaster AI Highs

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.