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

Key Points

• Rep. Maria Elvira Salazar disclosed a recent purchase of Qualcomm shares, buying between $15,001 and $50,000 worth of stock on May 13 through her UBS brokerage account.
• Qualcomm has been active on the shareholder-return front, recently raising its quarterly dividend to $0.92 per share and maintaining a $20 billion stock repurchase authorization.
• The company’s latest earnings beat estimates, with Q2 EPS of $2.65 versus $2.56 expected, while analysts currently rate the stock a Hold on average with a consensus target price of $181.79.

Representative Maria Elvira Salazar (Republican-Florida) recently bought shares of Qualcomm Incorporated NASDAQ: QCOM. In a filing disclosed on June 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Qualcomm stock on May 13th. The trade occurred in the Representative's "UBS BROKERAGE ACCOUNT" account.

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

• Purchased $1,001 - $15,000 in shares of Brookfield Renewable Partners NYSE: BEP on 5/29/2026.
• Purchased $15,001 - $50,000 in shares of International Business Machines NYSE: IBM on 5/21/2026.
• Purchased $15,001 - $50,000 in shares of Datadog NASDAQ: DDOG on 5/19/2026.
• Purchased $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 5/19/2026.
• Purchased $1,001 - $15,000 in shares of Qualcomm NASDAQ: QCOM on 5/13/2026.
• Sold $1,001 - $15,000 in shares of Sherwin-Williams NYSE: SHW on 5/12/2026.
• Purchased $1,001 - $15,000 in shares of Biogen NASDAQ: BIIB on 5/12/2026.
• Purchased $50,001 - $100,000 in shares of Biogen NASDAQ: BIIB on 5/11/2026.
• Sold $1,001 - $15,000 in shares of Whirlpool NYSE: WHR on 5/11/2026.
• Purchased $1,001 - $15,000 in shares of Biogen NASDAQ: BIIB on 5/11/2026.

Qualcomm Price Performance

Shares of NASDAQ:QCOM traded down $10.87 during mid-day trading on Wednesday, reaching $194.55. The stock had a trading volume of 4,358,186 shares, compared to its average volume of 16,113,183. The company has a market cap of $205.05 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 26.97 and a beta of 1.59. The business's 50 day moving average price is $179.97 and its 200 day moving average price is $164.02. 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 Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data 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 return on equity of 42.11% and a net margin of 22.31%.The business had revenue of $10.60 billion for the quarter, compared to analysts' expectations of $10.59 billion. During the same period in the prior year, the firm earned $2.85 EPS. The company'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. Research analysts expect that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This is a boost from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a yield of 1.9%. Qualcomm's dividend payout ratio is 40.00%.

Qualcomm announced that its Board of Directors has approved a stock repurchase program on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to reacquire up to 14.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Qualcomm by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company's stock worth $19,524,350,000 after acquiring an additional 647,076 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Qualcomm by 12.5% during 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 period. Wellington Management Group LLP boosted its position in Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock valued at $2,861,301,000 after buying an additional 4,290,622 shares during the last quarter. Norges Bank purchased a new stake in Qualcomm in the fourth quarter valued at $2,591,056,000. Finally, Amundi raised its stake in shares of Qualcomm by 9.9% during the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company's stock valued at $2,136,486,000 after buying an additional 1,138,541 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Jensen Huang publicly told investors to “buy” Qualcomm, sparking a fresh wave of bullish attention and helping lift shares in after-hours trading. Qualcomm shares rise 2% after Nvidia CEO endorses the stock
• Positive Sentiment: Qualcomm announced or was highlighted in new AI collaboration efforts with SLB and with SDG&E/Scripps, reinforcing its push into edge AI beyond smartphones and into energy and wildfire monitoring use cases. SLB, Qualcomm to collaborate on edge AI solutions for energy operations SDG&E, Qualcomm, Scripps team up to curb wildfires with AI
• Positive Sentiment: Its new enterprise AI conference platform with Primax Electronics shows Qualcomm is trying to monetize its Dragonwing chip family in commercial settings, which could broaden its growth story. Qualcomm’s Edge AI Push Into Enterprise Meeting Rooms Faces Valuation Hurdles
• Neutral Sentiment: Broker coverage remains mixed but generally cautious, with Qualcomm receiving an average “Hold” rating from analysts. Qualcomm Incorporated NASDAQ: QCOM Receives Average Rating of "Hold" from Brokerages
• Neutral Sentiment: Several market commentary pieces note that Qualcomm has underperformed peers at times and that semiconductor stocks are in a broader correction, which can pressure sentiment even when company-specific news is positive. Qualcomm Inc. stock underperforms Tuesday when compared to competitors Semiconductor shorts pile on as winning trade reverses Semiconductor Index Outlook: Upside Target Reached, Correction Underway
• Negative Sentiment: One report said Qualcomm fell sharply on news tied to a ByteDance ASIC deal and weakness in custom-silicon stocks, suggesting investors are worried about near-term margin and demand risks in parts of the chip sector. Qualcomm Drops 8 on ByteDance ASIC Deal, Marvell Falls 10 as Custom-Silicon Stocks Slide

Insider Activity

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total transaction of $529,750.00. Following the sale, the executive vice president directly owned 28,184 shares in the company, valued at $5,972,189.60. This trade represents a 8.15% decrease in their position. The transaction was disclosed in a legal 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. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares in the company, valued at $7,065,677.70. This represents a 7.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 19,306 shares of company stock worth $3,435,583 in the last ninety days. Corporate insiders own 0.05% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on QCOM shares. Susquehanna lifted their price target on Qualcomm from $140.00 to $160.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. Morgan Stanley started coverage on Qualcomm in a research report on Friday, May 8th. They issued an "overweight" rating for the company. Barclays increased their price objective on shares of Qualcomm from $130.00 to $150.00 and gave the stock an "underweight" rating in a research report on Thursday, April 30th. Benchmark raised their price objective on shares of Qualcomm from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, Seaport Research Partners reaffirmed a "sell" rating and set a $100.00 target price on shares of Qualcomm in a research note on Monday, March 16th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $181.79.

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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.