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

Qualcomm Incorporated (NASDAQ:QCOM) EVP Akash Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction on Monday, April 13th. The stock was sold at an average price of $130.34, for a total value of $325,850.00. Following the transaction, the executive vice president directly owned 30,684 shares of the company’s stock, valued at $3,999,352.56. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Price Performance

Shares of NASDAQ:QCOM traded up $3.18 during midday trading on Monday, hitting $131.24. 8,601,625 shares of the stock were exchanged, compared to its average volume of 11,215,299. The company has a 50 day moving average price of $135.57 and a 200-day moving average price of $157.52. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $205.95. The stock has a market cap of $140.03 billion, a P/E ratio of 27.12 and a beta of 1.28. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. The business had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, research analysts forecast that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm announced that its board has initiated a stock buyback 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 repurchase up to 14.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Qualcomm

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. waypoint wealth counsel raised its stake in shares of Qualcomm by 2.2% during the third quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock valued at $476,000 after purchasing an additional 61 shares in the last quarter. Greykasell Wealth Strategies Inc. boosted its position in shares of Qualcomm by 1.5% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock valued at $686,000 after purchasing an additional 61 shares during the period. Baron Wealth Management LLC boosted its position in shares of Qualcomm by 4.5% in the 3rd quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock valued at $238,000 after purchasing an additional 62 shares during the period. Certified Advisory Corp boosted its position in shares of Qualcomm by 0.6% in the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock valued at $1,678,000 after purchasing an additional 62 shares during the period. Finally, Elser Financial Planning Inc boosted its position in shares of Qualcomm by 3.7% in the 3rd quarter. Elser Financial Planning Inc now owns 1,759 shares of the wireless technology company’s stock valued at $297,000 after purchasing an additional 63 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

QCOM has been the subject of a number of research reports. Piper Sandler reiterated an “overweight” rating and set a $200.00 target price on shares of Qualcomm in a report on Thursday, February 5th. Susquehanna lowered Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 price target on the stock. in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qualcomm in a research report on Friday, March 27th. Wells Fargo & Company raised Qualcomm from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $135.00 to $185.00 in a research report on Tuesday, February 24th. Finally, Argus dropped their price target on Qualcomm from $205.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $163.77.

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.