Rep. Maria Elvira Salazar Unloads Qualcomm Incorporated (NASDAQ:QCOM) Stock

Key Points

• Rep. Maria Elvira Salazar sold $1,001–$15,000 of Qualcomm stock from her UBS brokerage account on August 12, according to a September 9 disclosure. She also reported additional Qualcomm sales on August 19.
• Qualcomm shares opened at $176.88, up 0.3%, with a $185.76 billion market capitalization. The company recently reported $9.95 billion in quarterly revenue, but earnings of $2.21 per share narrowly missed estimates and revenue declined 4% year over year.
• Qualcomm’s outlook is mixed: an Amazon partnership could support its data-center and AI expansion, while Apple’s increasing use of in-house modems may pressure handset revenue. Analysts have an average “Hold” rating and a $204.10 target price.

Representative Maria Elvira Salazar (Republican-Florida) recently sold shares of Qualcomm Incorporated NASDAQ: QCOM. In a filing disclosed on September 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Qualcomm stock on August 12th. The trade occurred in the Representative's "UBS BROKERAGE ACCOUNT" account.

Representative Maria Elvira Salazar also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 8/24/2026.
• Sold $1,001 - $15,000 in shares of Moderna NASDAQ: MRNA on 8/19/2026.
• Purchased $1,001 - $15,000 in shares of Moderna NASDAQ: MRNA on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Qualcomm NASDAQ: QCOM on 8/19/2026.
• Purchased $15,001 - $50,000 in shares of Merck & Co., Inc. NYSE: MRK on 8/19/2026.
• Sold $15,001 - $50,000 in shares of Chubb NYSE: CB on 8/19/2026.
• Purchased $1,001 - $15,000 in shares of SpaceX NASDAQ: SPCX on 8/12/2026.
• Purchased $1,001 - $15,000 in shares of Berkshire Hathaway NYSE: BRK.B on 8/7/2026.
• Purchased $1,001 - $15,000 in shares of Berkshire Hathaway NYSE: BRK.B on 7/28/2026.
• Purchased $15,001 - $50,000 in shares of Berkshire Hathaway NYSE: BRK.B on 7/28/2026.

Qualcomm Trading Up 0.3%

Shares of QCOM stock opened at $176.88 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The stock has a fifty day simple moving average of $168.34 and a two-hundred day simple moving average of $170.75. The firm has a market capitalization of $185.76 billion, a PE ratio of 20.47, a PEG ratio of 3.68 and a beta of 1.68.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio is presently 42.59%.

Insider Buying and Selling at Qualcomm

In other news, CAO Patricia Y. Grech sold 208 shares of Qualcomm stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $170.00, for a total transaction of $35,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the sale, the executive vice president owned 20,684 shares of the company's stock, valued at $3,376,869.84. The trade was a 10.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,033 shares of company stock valued at $1,467,844 in the last three months. Company insiders own 0.05% of the company's stock.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon deal strengthens Qualcomm’s data-center story. AWS will use Qualcomm custom data-center chips and optical networking technology, with warrants and potential purchases of up to $60 billion through 2036. The agreement provides tangible customer validation for Qualcomm’s push into AI infrastructure and diversifies revenue beyond mobile handsets. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
• Positive Sentiment: Management sees a sizable long-term opportunity. Qualcomm’s CFO highlighted a potential $5 billion data-center business and said its “port once” software and hardware approach could attract additional hyperscaler and AI-chip customers. Analysts and market commentators view the Amazon partnership as a meaningful change in the company’s investment thesis. Qualcomm up 3% on Amazon AI pact; CFO eyes $5B data center target
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating with a $235 price target, implying substantial upside from the reference price. The target reflects optimism that AI infrastructure, data centers and other new markets can offset slower mobile-chip growth. Qualcomm analyst rating and price target
• Neutral Sentiment: Investors are comparing Qualcomm with ASML as both semiconductor companies pursue AI and advanced-chip opportunities, but the comparison does not provide a specific new earnings forecast or valuation change for QCOM. ASML vs. QCOM: Which Semiconductor Stock is the Better Buy Now?
• Negative Sentiment: Apple is gradually reducing its dependence on Qualcomm. The iPhone 18 Pro reportedly uses Apple’s C2 modem, although the Pro Max still appears to rely on Qualcomm technology in some markets. Further in-house modem adoption could pressure Qualcomm’s handset revenue and licensing relationship with Apple. iPhone 18 Pro Debuts C2 Modem As Apple Keeps Weaning Off Qualcomm
• Neutral Sentiment: Reported short-interest data appears unreliable: the update lists zero shares on both dates and a zero-day cover ratio, while also showing an undefined percentage change. It therefore offers no meaningful indication of changing bearish positioning.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on QCOM shares. Mizuho raised their target price on shares of Qualcomm from $170.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, June 29th. Lake Street Capital cut shares of Qualcomm to a "hold" rating in a research note on Thursday, June 25th. Craig Hallum downgraded shares of Qualcomm from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. HSBC restated a "hold" rating on shares of Qualcomm in a research report on Wednesday, July 15th. Finally, Freedom Capital upgraded Qualcomm from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $204.10.

Institutional Investors Weigh In On Qualcomm

Several hedge funds and other institutional investors have recently made changes to their positions in QCOM. ABS Direct Equity Fund LLC purchased a new stake in Qualcomm in the second quarter worth $34,000. Bouchey Financial Group Ltd. bought a new position in shares of Qualcomm in the second quarter worth about $268,000. Core Capital Management & Research inc. purchased a new position in Qualcomm in the 2nd quarter worth about $208,000. Sequoia Financial Advisors LLC increased its stake in Qualcomm by 9.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 153,479 shares of the wireless technology company's stock worth $28,361,000 after buying an additional 13,452 shares during the period. Finally, Archford Capital Strategies LLC lifted its holdings in Qualcomm by 30.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 11,107 shares of the wireless technology company's stock valued at $2,052,000 after buying an additional 2,565 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

About Representative Salazar

Maria Elvira Salazar (Republican Party) is a member of the U.S. House, representing Florida's 27th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Salazar (Republican Party) ran for re-election to the U.S. House to represent Florida's 27th Congressional District. She won in the general election on November 5, 2024. Maria Elvira Salazar was born in Miami, Florida, and lives in Coral Gables, Florida. Salazar earned an undergraduate degree from the University of Miami in 1983 and a graduate degree from Harvard University in 1995. Her career experience includes working as a television journalist, reporter, and news anchor.

Qualcomm Company Profile

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.

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