Qualcomm (NASDAQ:QCOM) Stock Unloaded Rep. Sara Jacobs

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%

Shares of NASDAQ QCOM opened at $213.41 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $152.74 and its two-hundred day moving average is $158.33. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $247.90. 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.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion during 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 period last year, the business posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Research analysts predict that Qualcomm Incorporated will post 7.99 EPS for the current year.

Qualcomm Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, June 4th. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio is 40.00%.

Qualcomm announced that its board has authorized a stock buyback plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the wireless technology company to buy up to 14.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total transaction of $529,750.00. Following the transaction, the executive vice president owned 28,184 shares in the company, valued at $5,972,189.60. This trade represents a 8.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the transaction, the chief executive officer owned 197,568 shares in the company, valued at approximately $35,562,240. This trade represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 19,306 shares of company stock valued at $3,435,583 in the last 90 days. Company 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 the stock. Norges Bank purchased a new stake in Qualcomm in the fourth quarter valued at $2,591,056,000. Wellington Management Group LLP grew its holdings in shares of Qualcomm by 141.8% during the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock worth $2,069,059,000 after purchasing an additional 7,292,783 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the last quarter. Invesco Ltd. increased its position in shares of Qualcomm by 28.1% during the fourth quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock worth $2,163,030,000 after purchasing an additional 2,771,490 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Qualcomm by 36.8% during the third quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock worth $1,090,025,000 after purchasing an additional 1,764,252 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Qualcomm as a potential beneficiary of AI growth, including its Snapdragon X Elite/Plus PC processors and expanding opportunities in data center and AI infrastructure. Article Title
• Positive Sentiment: Qualcomm was also cited as an alternative AI stock as investors look beyond Nvidia, reinforcing the bull case that QCOM could still have upside from broader AI demand. Article Title
• Positive Sentiment: Recent coverage notes Qualcomm’s AI business gains, including CPU and ASIC performance, and points out that the company remains a holding in Ken Fisher’s portfolio, which may support investor confidence. Article Title
• Neutral Sentiment: CAO Patricia Y. Grech sold 829 shares under a pre-arranged Rule 10b5-1 trading plan. The sale was modest in size, so it is unlikely to be a major fundamental concern, but insider selling can still weigh on sentiment. Article Title
• Negative Sentiment: QCOM has also been hit by a broader semiconductor selloff tied to valuation concerns and profit-taking after the AI rally, with investors cautious ahead of major chip earnings. Article Title
• Negative Sentiment: One market update said Qualcomm fell as the semiconductor sector weakened ahead of Nvidia’s earnings, suggesting the stock’s recent decline is being driven more by sector rotation than by a single Qualcomm-specific setback. Article Title

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on QCOM shares. DZ Bank cut Qualcomm from a “buy” rating to a “hold” rating and set a $195.00 target price for the company. in a report on Friday, May 8th. Benchmark increased their price target on shares of Qualcomm from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Cantor Fitzgerald raised their price objective on shares of Qualcomm from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Rosenblatt Securities restated a “buy” rating and issued a $190.00 price objective on shares of Qualcomm in a report on Thursday, April 30th. Finally, Summit Insights raised shares of Qualcomm from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.

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.