Insider Selling: Qualcomm (NASDAQ:QCOM) EVP Sells 2,500 Shares of Stock

Key Points

• Qualcomm EVP Akash Palkhiwala sold 2,500 shares on June 11 at an average price of $197.35, for total proceeds of $493,375. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• QCOM shares rose 6.2% to $202.96, trading above both its 50-day and 200-day moving averages. The company also reported better-than-expected quarterly EPS of $2.65 and revenue of $10.6 billion in its latest earnings release.
• Qualcomm increased its quarterly dividend to $0.92 per share from $0.89 and maintains a $20 billion share repurchase authorization. Analyst sentiment remains mixed, with the consensus rating still at Hold.

Qualcomm Incorporated (NASDAQ:QCOM - Get Free Report) EVP Akash Palkhiwala sold 2,500 shares of the firm's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $197.35, for a total value of $493,375.00. Following the transaction, the executive vice president directly owned 25,684 shares in the company, valued at $5,068,737.40. This trade represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Trading Up 6.2%

Shares of NASDAQ QCOM traded up $11.76 during trading hours on Thursday, hitting $202.96. The company's stock had a trading volume of 18,890,864 shares, compared to its average volume of 16,273,217. The business has a 50-day simple moving average of $181.26 and a 200-day simple moving average of $164.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The stock has a market cap of $213.92 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 25.41 and a beta of 1.59. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share 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 firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter in the prior year, the business earned $2.85 EPS. The business's revenue for the quarter 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 anticipate that Qualcomm Incorporated will post 8 earnings per share for the current fiscal year.

Qualcomm declared that its board has authorized a share repurchase program on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to buy up to 14.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its shares are undervalued.

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 issued a dividend of $0.92 per share. This is a positive change from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.8%. Qualcomm's dividend payout ratio (DPR) is currently 40.00%.

Analyst Ratings Changes

A number of brokerages have recently commented on QCOM. Royal Bank Of Canada boosted their price target on Qualcomm from $150.00 to $175.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 30th. Wells Fargo & Company cut Qualcomm from a "positive" rating to an "underweight" rating in a research report on Friday, May 8th. Benchmark boosted their price target on Qualcomm from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Tigress Financial boosted their price target on Qualcomm from $270.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. Finally, DZ Bank cut Qualcomm from a "buy" rating to a "hold" rating and set a $195.00 price target on the stock. in a research report on Friday, May 8th. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $181.79.

Key Qualcomm News

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

Hedge Funds Weigh In On Qualcomm

A number of hedge funds have recently added to or reduced their stakes in QCOM. Your Advocates Ltd. LLP purchased a new stake in Qualcomm during the 1st quarter valued at $26,000. Richardson Financial Services Inc. raised its stake in Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock valued at $29,000 after buying an additional 80 shares during the last quarter. Torren Management LLC purchased a new stake in Qualcomm during the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd raised its stake in Qualcomm by 17,000.0% during 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 buying an additional 170 shares during the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new stake in Qualcomm during the 4th quarter valued at $31,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Qualcomm Company Profile

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.

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