Insider Selling: Qualcomm (NASDAQ:QCOM) CEO Sells $2,000,000.00 in Stock

Key Points

• CEO Cristiano Amon sold 10,000 Qualcomm shares for $2 million at an average price of $200 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 5.33%.
• Qualcomm shares rose to $201.97, while analysts maintain a consensus “Hold” rating with an average price target of $204.10.
• The company reported $2.21 in quarterly EPS—slightly below estimates—despite revenue beating forecasts, and continues to offer a $0.92 quarterly dividend, representing a 1.8% yield.

Qualcomm Incorporated (NASDAQ:QCOM - Get Free Report) CEO Cristiano Amon sold 10,000 shares of the firm's stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $200.00, for a total value of $2,000,000.00. Following the sale, the chief executive officer owned 177,568 shares in the company, valued at $35,513,600. The trade was a 5.33% decrease in their position. The transaction was disclosed in a 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 Price Performance

QCOM stock traded up $7.71 during mid-day trading on Friday, hitting $201.97. 17,799,762 shares of the stock were exchanged, compared to its average volume of 15,669,736. The business has a fifty day moving average price of $169.58 and a 200 day moving average price of $174.09. 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. The stock has a market capitalization of $212.11 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 4.13 and a beta of 1.68.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate 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 last year, the company posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 1.8%. Qualcomm's dividend payout ratio (DPR) is 42.59%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Qualcomm in the second quarter valued at about $17,583,115,000. State Street Corp boosted its holdings 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 worth $9,750,123,000 after purchasing an additional 671,537 shares during the period. Geode Capital Management LLC grew its stake in shares of Qualcomm by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Qualcomm by 22.7% in the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company's stock worth $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 during the 4th quarter valued at about $2,591,056,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on QCOM shares. Guggenheim set a $200.00 price objective on shares of Qualcomm in a research note on Monday, June 22nd. JPMorgan Chase & Co. lifted their target price on shares of Qualcomm from $160.00 to $265.00 and gave the stock a "neutral" rating in a research report on Friday, June 5th. TD Cowen lowered their price target on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Morgan Stanley cut their price target on shares of Qualcomm from $231.00 to $220.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. Finally, Bank of America raised their price objective on Qualcomm from $165.00 to $195.00 and gave the company an "underperform" rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $204.10.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm renewed its global patent-licensing agreement with Apple through 2027. The extension provides greater visibility for Qualcomm Technology Licensing (QTL) revenue and signals continued reliance on Qualcomm’s intellectual property, despite earlier uncertainty about the deal’s terms. Qualcomm renews Apple patent deal
• Positive Sentiment: Investors are increasingly viewing Qualcomm’s Snapdragon chips and automotive platforms as vehicles for on-device and “agentic” AI growth. New smartphone processors, AI-enabled edge devices, automotive computing initiatives and a potential robotics expansion could reduce the company’s dependence on cyclical handset upgrades. Qualcomm pushes AI from phones to cars and edge devices
• Positive Sentiment: Options activity was unusually strong, with traders purchasing approximately 140,153 call options—about 29% above average call volume—suggesting elevated short-term bullish speculation and investor interest in the rally.
• Neutral Sentiment: The Apple renewal initially prompted selling because investors questioned its duration and Qualcomm’s longer-term exposure to Apple modem insourcing. Buyers later returned, indicating that the agreement’s near-term licensing benefits are outweighing those concerns. Qualcomm rallies as buyers reassess Apple renewal
• Negative Sentiment: Qualcomm still faces weaker smartphone demand, elevated memory costs and the eventual risk of losing portions of Apple’s modem business. Its latest quarterly earnings per share missed estimates, while revenue declined year over year, keeping the fundamental outlook less certain.
• Negative Sentiment: CEO Cristiano Amon sold 10,000 shares for $1.95 million under a pre-arranged Rule 10b5-1 plan. The scheduled transaction is a modest negative signal, although it does not necessarily indicate a change in management’s outlook. Qualcomm CEO sells shares

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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