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

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 7th. 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 5/6/2026.

Qualcomm Stock Up 5.4%

QCOM opened at $213.41 on Friday. The firm has a market cap of $224.93 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 25.08 and a beta of 1.49. 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 firm’s 50-day simple moving average is $152.74 and its 200-day simple moving average is $158.33. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $247.90.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities research analysts anticipate that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm announced that its Board of Directors has approved a stock buyback plan 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 buy up to 14.5% of its stock through open market purchases. Stock repurchase plans are generally 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. Stockholders of record on Thursday, June 4th will be paid a $0.92 dividend. The ex-dividend date is Thursday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.7%. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio is presently 40.00%.

Insiders Place Their Bets

In other news, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $130.34, for a total value of $325,850.00. Following the transaction, the executive vice president owned 30,684 shares in the company, valued at $3,999,352.56. This trade represents a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 19,306 shares of company stock valued at $3,435,583. Insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QCOM. World Investment Advisors raised its holdings in Qualcomm by 14.3% in the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock worth $11,103,000 after purchasing an additional 8,130 shares during the period. Swedbank AB boosted its position in shares of Qualcomm by 1.5% during the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock worth $262,291,000 after purchasing an additional 23,110 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Qualcomm by 47.5% in the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock valued at $3,197,000 after buying an additional 6,018 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Qualcomm by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock valued at $24,578,000 after buying an additional 7,804 shares in the last quarter. Finally, Valley Wealth Managers Inc. increased its position in shares of Qualcomm by 6.1% in the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company’s stock valued at $6,844,000 after buying an additional 2,288 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BNP Paribas Exane downgraded Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. Bank of America initiated coverage on Qualcomm in a research report on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 price objective on shares of Qualcomm in a research note on Thursday, April 30th. Craig Hallum upgraded Qualcomm to a “buy” rating in a report on Friday, May 8th. Finally, Oppenheimer lowered Qualcomm from a “market perform” rating to a “market perform” rating in a research note on Friday, May 8th. Fourteen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $181.79.

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.

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.