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

Posted by Tyrone Williams on May 14th, 2026

Qualcomm Incorporated (NASDAQ:QCOM – Get Free Report) EVP Akash Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the completion of the transaction, the executive vice president owned 28,184 shares in the company, valued at approximately $5,972,189.60. The trade was a 8.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Qualcomm Stock Up 1.4%

Shares of NASDAQ:QCOM opened at $213.21 on Thursday. The business’s 50 day simple moving average is $144.88 and its two-hundred day simple moving average is $157.33. The firm has a market cap of $224.72 billion, a P/E ratio of 23.18, a PEG ratio of 26.05 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. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $247.90.

Qualcomm (NASDAQ:QCOM – Get Free Report) last announced its quarterly 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. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, research analysts forecast that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.92 per share. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, June 4th. Qualcomm’s dividend payout ratio is 38.70%.

Qualcomm declared that its Board of Directors has initiated a share repurchase plan on Tuesday, March 17th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Qualcomm

A number of hedge funds have recently made changes to their positions in QCOM. Your Advocates Ltd. LLP purchased a new position in Qualcomm in the first quarter valued at approximately $26,000. Cloud Capital Management LLC purchased a new position in Qualcomm in the third quarter valued at approximately $27,000. Richardson Financial Services Inc. lifted its stake in Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after purchasing an additional 80 shares during the last quarter. Torren Management LLC purchased a new position in Qualcomm in the fourth quarter valued at approximately $29,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after purchasing an additional 170 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: Several analysts raised or reiterated positive views on Qualcomm, including higher price targets, reflecting confidence that the stock still has upside after the recent rally. Qualcomm (QCOM) price target increased by 12.91% to 180.60
Positive Sentiment: Investors are encouragingly viewing Qualcomm’s hyperscaler/custom silicon win and AI ambitions as a new growth engine that could expand the company beyond handset chips. Qualcomm: The Cheapest AI Winner (Rating Upgrade)
Positive Sentiment: Qualcomm’s new Snapdragon platforms and AI-powered mobile features are supporting the bullish case that its smartphone business can still drive growth while the company expands into AI-adjacent markets. QUALCOMM Incorporated (QCOM) Eyes Smartphone Growth with New Snapdragon Platforms
Positive Sentiment: Coverage on the broader semiconductor rebound and renewed AI chip buying is helping sentiment for Qualcomm alongside peers like Intel and AMD. Intel, AMD, Qualcomm Stocks Rise as AI Chip Rally Reignites
Neutral Sentiment: Wall Street commentary suggests the semiconductor trade may be cooling after a strong run, which could keep QCOM volatile even if the long-term AI story remains intact. Wall Street Is Worried About a ‘Sizzling’ Semiconductor Trade
Neutral Sentiment: Qualcomm insider selling by EVP Akash J. Palkhiwala may raise some caution, though the sale was made under a pre-arranged trading plan and does not necessarily signal a change in outlook.
Negative Sentiment: Some analysts remain cautious, warning that Qualcomm’s rally may have run ahead of fundamentals and that smartphone weakness still creates near-term risk. Wall Street analysts update Qualcomm’s stock price target for the next 12 months
Negative Sentiment: Reports of Qualcomm tumbling with other chip and AI names on risk-off trading highlight how quickly sentiment can reverse if investors pull back from the sector. Qualcomm tumbles, leading semiconductor and AI stocks lower

Analysts Set New Price Targets

A number of research analysts have recently issued reports on QCOM shares. JPMorgan Chase & Co. lifted their price objective on shares of Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Roth Mkm assumed coverage on Qualcomm in a report on Friday, May 8th. They set a “buy” rating for the company. The Goldman Sachs Group assumed coverage on Qualcomm in a report on Monday, March 30th. They set a “neutral” rating and a $135.00 price target for the company. Royal Bank Of Canada upped their price target on Qualcomm from $150.00 to $175.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Finally, Robert W. Baird set a $300.00 price target on Qualcomm in a report on Friday, May 1st. Fourteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $180.37.

View Our Latest Stock Analysis on QCOM

Qualcomm Company Profile

(Get Free Report)

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.