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

Qualcomm Incorporated (NASDAQ:QCOM) EVP Akash Palkhiwala sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $175.06, for a total value of $437,650.00. Following the transaction, the executive vice president owned 20,799 shares in the company, valued at approximately $3,641,072.94. This trade represents a 10.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Stock Performance

Shares of QCOM stock opened at $177.96 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The stock has a market cap of $190.03 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 3.96 and a beta of 1.65. The stock has a 50-day moving average of $175.81 and a 200-day moving average of $180.71. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business earned $2.77 earnings per share. The business’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, sell-side analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be issued a $0.92 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 annualized dividend and a yield of 2.1%. Qualcomm’s dividend payout ratio (DPR) is 42.59%.

Wall Street Analyst Weigh In

A number of research firms recently commented on QCOM. HSBC restated a “hold” rating on shares of Qualcomm in a research report on Wednesday, July 15th. UBS Group reduced their target price on Qualcomm from $190.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Arete Research raised Qualcomm to a “strong-buy” rating in a research note on Friday, October 16th. Lake Street Capital downgraded Qualcomm to a “hold” rating in a report on Thursday, June 25th. Finally, Morgan Stanley dropped their price target on Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm presently has an average rating of “Hold” and an average price target of $205.83.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: TD Cowen raised its Qualcomm price target to $200 from $175 and upgraded the shares to “Buy.” The revision signals improved confidence in Qualcomm’s valuation and long-term growth prospects. TD Cowen analyst action
• Positive Sentiment: Qualcomm declared a quarterly dividend of $0.92 per share, payable December 17 to shareholders of record December 3. The $3.68 annualized payout represents a yield of approximately 2.1% and reinforces the stock’s appeal to income-oriented investors. Qualcomm Announces Quarterly Cash Dividend
• Positive Sentiment: The planned acquisition of PickNik Robotics could broaden Qualcomm’s AI growth strategy. PickNik’s robotics software may strengthen the Dragonwing ecosystem and help Qualcomm expand beyond smartphones into physical AI, industrial automation and connected devices. Can Qualcomm’s PickNik Acquisition Strengthen Its Robotics Edge?
• Neutral Sentiment: Qualcomm reportedly plans global job cuts following employee performance reviews. The restructuring could reduce expenses and improve operating margins, but the lack of disclosed details regarding the scale, timing and severance costs creates near-term execution uncertainty. Qualcomm to Cut Jobs Worldwide in Performance-Focused Layoffs
• Negative Sentiment: Executive Vice President Akash Palkhiwala sold 2,500 shares for approximately $437,650. The sale was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance, but it adds to concerns because Qualcomm insiders have reported open-market sales without purchases in recent months. Qualcomm Insider Share Sale

Institutional Investors Weigh In On Qualcomm

Several institutional investors have recently added to or reduced their stakes in the stock. Baxter Bros Inc. acquired a new stake in shares of Qualcomm during the 2nd quarter worth about $17,844,000. Y Intercept Hong Kong Ltd acquired a new position in Qualcomm in the 2nd quarter valued at about $28,068,000. Tensor Edge Capital LLC acquired a new position in Qualcomm in the 2nd quarter valued at about $147,315,000. Sawyer & Company Inc acquired a new position in Qualcomm in the 3rd quarter valued at about $2,403,000. Finally, Robinson Value Management Ltd. raised its holdings in Qualcomm by 40.5% in the 3rd quarter. Robinson Value Management Ltd. now owns 34,184 shares of the wireless technology company’s stock valued at $6,291,000 after acquiring an additional 9,858 shares during the period. 74.35% of the stock is owned by institutional investors.

Qualcomm Company Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.