Qualcomm (NASDAQ:QCOM) CAO Sells $33,024.00 in Stock

Key Points

• Qualcomm CAO Patricia Grech sold 192 shares under a pre‑arranged Rule 10b5‑1 plan, totaling $33,024 at an average price of $172 per share.
• The company beat Q2 EPS estimates ($2.65 vs. $2.56) despite revenue falling 3.5% y/y, but its Q3 guidance (EPS $2.10–$2.30; revenue $9.2B–$10.0B) disappointed analysts even as Qualcomm said it will ship custom data‑center chips to a "large hyperscaler" this year, fueling AI optimism.
• Qualcomm's board approved a $20 billion share buyback (up to 14.5% of shares) and raised the quarterly dividend to $0.92 (2.0% yield), signaling a focus on shareholder returns.

Qualcomm Incorporated (NASDAQ:QCOM - Get Free Report) CAO Patricia Grech sold 192 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $172.00, for a total transaction of $33,024.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Price Performance

NASDAQ:QCOM traded up $23.58 during mid-day trading on Thursday, hitting $179.58. The company's stock had a trading volume of 61,055,279 shares, compared to its average volume of 13,531,424. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $205.95. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $191.61 billion, a price-to-earnings ratio of 19.52 and a beta of 1.28. The stock has a fifty day moving average of $134.93 and a 200-day moving average of $155.16.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 43.63%. The firm had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same quarter in the prior year, the business posted $2.85 earnings per share. The company's quarterly revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities analysts forecast that Qualcomm Incorporated will post 8.21 EPS for the current fiscal year.

Qualcomm declared that its board has initiated a stock buyback program on Tuesday, March 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Qualcomm Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.0%. This is a boost from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm's dividend payout ratio (DPR) is currently 73.55%.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Q2 beat on EPS (reported $2.65 vs. ~ $2.56 consensus), with automotive and licensing strength helping offset modest revenue weakness; the quarter and commentary were the immediate catalyst for the rally. Read More.
• Positive Sentiment: CEO Cristiano Amon said Qualcomm will begin shipping custom data‑center chips to a "large hyperscaler" within the calendar year — investors treated this as a major AI/data‑center growth signal. Read More.
• Positive Sentiment: Several brokerages raised targets and ratings after the report (Benchmark raised its target to $225 with a Buy; multiple firms lifted targets to ~$160), supporting upside expectations from Wall Street. Read More.
• Neutral Sentiment: Qualcomm’s Q2 revenue was roughly in line (~$10.6B) but down year‑over‑year; the market is parsing strong per‑share profitability versus a softer top line. Read More.
• Neutral Sentiment: Technicals and momentum favor further upside in the near term (analysts/technicals note potential breakout), which may amplify moves while sentiment remains positive. Read More.
• Negative Sentiment: Guidance disappointed: Q3 EPS guidance (2.10–2.30) and revenue guide ($9.2B–$10.0B) came in below consensus, reflecting memory‑supply constraints — a reason for caution on near‑term growth. Read More.
• Negative Sentiment: Not all upgrades are uniformly bullish: JPMorgan set a $160 target with a "neutral" rating (below current levels), and some analysts trimmed FY estimates — showing lingering valuation/near‑term risk. Read More.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Benchmark raised their price objective on shares of Qualcomm from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday. Loop Capital raised shares of Qualcomm from a "hold" rating to a "buy" rating and set a $185.00 price objective for the company in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Qualcomm in a report on Friday, March 27th. Evercore set a $179.00 price objective on shares of Qualcomm in a report on Thursday. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $190.00 price objective on shares of Qualcomm in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Qualcomm currently has an average rating of "Hold" and an average price target of $165.88.

Institutional Trading of Qualcomm

Several hedge funds have recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Qualcomm by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after purchasing an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Qualcomm by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after purchasing an additional 340 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Qualcomm by 44.3% in the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock valued at $530,000 after purchasing an additional 1,020 shares in the last quarter. Main Street Financial Solutions LLC increased its holdings in shares of Qualcomm by 6.1% in the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company's stock valued at $920,000 after purchasing an additional 333 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of Qualcomm by 9.7% in the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company's stock valued at $1,083,000 after purchasing an additional 603 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

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.

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