Rep. Sara Jacobs Sells Qualcomm Incorporated (NASDAQ:QCOM) Shares

Key Points

• Rep. Sara Jacobs disclosed selling Qualcomm shares worth between $500,001 and $1,000,000 on May 6, with the filing made public on May 20.
• Qualcomm reported better-than-expected quarterly earnings, posting EPS of $2.65 versus $2.56 expected, while revenue came in essentially in line at $10.60 billion.
• The company also raised its quarterly dividend to $0.92 per share and continues to support shareholder returns with a $20 billion stock buyback authorization.

Representative Sara Jacobs (Democratic-California) recently sold shares of Qualcomm Incorporated (NASDAQ:QCOM). In a filing disclosed on May 20th, the Representative disclosed that they had sold between $500,001 and $1,000,000 in Qualcomm stock on May 6th. The trade occurred in the Representative's "SARA J JACOBS 1999 TRUST > MERRILL LYNCH - SJ QCOM" account.

Representative Sara Jacobs also recently made the following trade(s):

• Sold $500,001 - $1,000,000 in shares of Qualcomm NASDAQ: QCOM on 5/7/2026.

Qualcomm Trading Up 5.4%

Shares of QCOM stock opened at $213.41 on Friday. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $247.90. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The stock's 50-day moving average price is $152.74 and its 200-day moving average price is $158.33. The stock has a market capitalization of $224.93 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 25.08 and a beta of 1.49.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its 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 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 analysts' expectations of $10.59 billion. During the same period in the previous year, the firm posted $2.85 earnings per share. The business's 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. Equities research analysts predict that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

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

Qualcomm Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.7%. This is a positive change from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm's payout ratio is presently 40.00%.

Analyst Upgrades and Downgrades

QCOM has been the topic of several research reports. Argus set a $220.00 target price on Qualcomm in a report on Friday, May 1st. UBS Group cut Qualcomm from a "neutral" rating to an "underperform" rating in a report on Friday, May 8th. Summit Insights raised Qualcomm from a "hold" rating to a "buy" rating in a report on Thursday, April 30th. TD Cowen lifted their target price on Qualcomm from $150.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. 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. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $181.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in QCOM. Norges Bank purchased a new position in Qualcomm in the fourth quarter worth about $2,591,056,000. Wellington Management Group LLP boosted its position in shares of Qualcomm by 141.8% during the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company's stock valued at $2,069,059,000 after buying an additional 7,292,783 shares during the period. Geode Capital Management LLC boosted its position 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 valued at $4,931,968,000 after buying an additional 3,221,924 shares during the period. Invesco Ltd. boosted its position in shares of Qualcomm by 28.1% during the fourth quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company's stock valued at $2,163,030,000 after buying an additional 2,771,490 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Qualcomm by 36.8% during the third quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company's stock valued at $1,090,025,000 after buying an additional 1,764,252 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insiders Place Their Bets

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction on Monday, April 13th. The shares were sold at an average price of $130.34, for a total transaction of $325,850.00. Following the completion of the sale, the executive vice president directly owned 30,684 shares of the company's stock, valued at approximately $3,999,352.56. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the business's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the sale, the chief executive officer directly owned 197,568 shares of the company's stock, valued at $35,562,240. This represents a 4.82% decrease in their ownership of the stock. 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 19,306 shares of company stock worth $3,435,583 over the last three months. 0.05% of the stock is currently owned by corporate insiders.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Qualcomm as a potential beneficiary of AI growth, including its Snapdragon X Elite/Plus PC processors and expanding opportunities in data center and AI infrastructure. Article Title
• Positive Sentiment: Qualcomm was also cited as an alternative AI stock as investors look beyond Nvidia, reinforcing the bull case that QCOM could still have upside from broader AI demand. Article Title
• Positive Sentiment: Recent coverage notes Qualcomm’s AI business gains, including CPU and ASIC performance, and points out that the company remains a holding in Ken Fisher’s portfolio, which may support investor confidence. Article Title
• Neutral Sentiment: CAO Patricia Y. Grech sold 829 shares under a pre-arranged Rule 10b5-1 trading plan. The sale was modest in size, so it is unlikely to be a major fundamental concern, but insider selling can still weigh on sentiment. Article Title
• Negative Sentiment: QCOM has also been hit by a broader semiconductor selloff tied to valuation concerns and profit-taking after the AI rally, with investors cautious ahead of major chip earnings. Article Title
• Negative Sentiment: One market update said Qualcomm fell as the semiconductor sector weakened ahead of Nvidia’s earnings, suggesting the stock’s recent decline is being driven more by sector rotation than by a single Qualcomm-specific setback. Article Title

About Representative Jacobs

Sara Jacobs (Democratic Party) is a member of the U.S. House, representing California's 51st Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Jacobs (Democratic Party) is running for re-election to the U.S. House to represent California's 51st Congressional District. She declared candidacy for the 2026 election. Sara Jacobs was born in San Diego, California. Jacobs earned a bachelor's degree in political science and a master's degree in international affairs from Columbia University. Her career experience includes working as a policy advisor with Hillary Clinton's 2016 presidential campaign; in policy positions with the U.S. State Department, UNICEF, and the United Nations; and the CEO of Project Connect. Jacobs founded San Diego for Every Child: The Coalition to End Child Poverty and served as the CEO of Project Connect.

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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