Qualcomm (NASDAQ:QCOM) EVP Akash Palkhiwala Sells 2,500 Shares of Stock

Qualcomm Incorporated (NASDAQ:QCOM) EVP Akash Palkhiwala sold 2,500 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the sale, the executive vice president owned 20,684 shares of the company’s stock, valued at approximately $3,376,869.84. The trade was a 10.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Trading Up 0.2%

Shares of QCOM opened at $163.07 on Thursday. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $171.26 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 14.97 and a beta of 1.65. The stock’s 50-day moving average price is $185.28 and its 200 day moving average price is $167.67.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same period last year, the company earned $2.77 EPS. The company’s revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts predict that Qualcomm Incorporated will post 7.76 earnings per share for the current year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio is presently 42.59%.

Institutional Trading of Qualcomm

A number of large investors have recently bought and sold shares of QCOM. Brighton Jones LLC lifted its holdings in Qualcomm by 116.6% during the 4th 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 during the last quarter. Revolve Wealth Partners LLC grew its stake in Qualcomm by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after buying an additional 340 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Qualcomm by 44.3% during the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock worth $530,000 after buying an additional 1,020 shares during the last quarter. Main Street Financial Solutions LLC increased its holdings in shares of Qualcomm by 6.1% during the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock worth $920,000 after buying an additional 333 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of Qualcomm by 9.7% during the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock worth $1,083,000 after buying an additional 603 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s neural-processing-unit (NPU) strategy could benefit from rising demand for on-device AI in PCs, smartphones and other hardware. This raises the possibility of a broader hardware upgrade cycle and provides a bullish counterpoint to concerns about slowing handset revenue. Forget the Cloud: Qualcomm’s NPU Play May Trigger a Hardware Supercycle
• Positive Sentiment: One market commentary argues that investors may be underestimating Qualcomm’s potential, particularly if the company can reduce its dependence on smartphones and expand in automotive, IoT and AI-related markets. Prediction: This Chipmaker Could Be a Bigger Winner Than Investors Think
• Neutral Sentiment: Qualcomm is among the semiconductor companies expected to receive attention during Jim Cramer’s CNBC Investing Club call, which could increase near-term investor focus but does not represent a fundamental change. 5 Semiconductor Stocks Jim Cramer Could Be Talking About on Thursday
• Negative Sentiment: Qualcomm’s latest quarter included a small EPS miss, year-over-year revenue and earnings declines, and fourth-quarter revenue guidance of $9.7 billion to $10.5 billion. The company said the bottom may be near, but the results reinforce concerns about handset weakness. QUALCOMM Issued Q4 Guidance, Is The 17% Discount Enough?
• Negative Sentiment: Erste Group reduced its FY2026 EPS forecast to $7.71 from $7.91 and its FY2027 forecast to $7.46 from $7.90, signaling weaker expected profitability than previously anticipated.
• Negative Sentiment: Qualcomm EVP Akash J. Palkhiwala sold 2,500 shares worth approximately $408,000. The sale occurred under a pre-arranged Rule 10b5-1 plan, limiting its significance, but it may still add modest selling pressure.
• Negative Sentiment: Compared with Qualcomm, Zacks views Intel as the better chip investment because of stronger projected 2026 growth and AI-PC momentum, highlighting concerns about Qualcomm’s slower near-term growth profile. Intel vs. Qualcomm: Which Chip Stock is the Better Buy Now?

Analyst Ratings Changes

A number of equities research analysts have weighed in on QCOM shares. Guggenheim set a $200.00 price target on shares of Qualcomm in a research note on Monday, June 22nd. Melius Research set a $220.00 price objective on shares of Qualcomm in a report on Monday, May 18th. Rosenblatt Securities reduced their price objective on shares of Qualcomm from $265.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 30th. BNP Paribas Exane lowered shares of Qualcomm to a “neutral” rating in a research report on Wednesday, April 29th. Finally, Evercore set a $159.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Qualcomm presently has an average rating of “Hold” and an average target price of $203.63.

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.