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

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

Qualcomm Price Performance

QCOM opened at $175.71 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The stock has a market capitalization of $187.63 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 3.91 and a beta of 1.65. The stock’s 50 day moving average price is $175.51 and its 200-day moving average price is $180.35.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS 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 business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the prior year, the company earned $2.77 EPS. Qualcomm’s revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities research analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Royal Bank Of Canada upped their price objective on shares of Qualcomm from $160.00 to $180.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 9th. Benchmark cut their target price on shares of Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Evercore set a $159.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Lake Street Capital cut shares of Qualcomm to a “hold” rating in a research report on Thursday, June 25th. Finally, Morgan Stanley decreased their price target on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Three 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $204.97.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: TD Cowen raised its price target to $200 from $175 and upgraded Qualcomm to “Buy,” implying meaningful upside from recent trading levels and signaling greater confidence in the company’s valuation and outlook.
• Positive Sentiment: Qualcomm’s planned acquisition of PickNik Robotics could strengthen its physical-AI strategy. The deal may expand the Dragonwing platform, improve Qualcomm’s position in industrial robotics and create longer-term growth opportunities beyond smartphones. Can Qualcomm’s PickNik Acquisition Strengthen Its Robotics Edge?
• Positive Sentiment: Reported global job cuts may improve efficiency and margins as CEO Cristiano Amon emphasizes performance and operating discipline. Investors may view the restructuring as a way to control expenses and redirect resources toward higher-growth businesses. Qualcomm to Cut Jobs Worldwide in Performance-Focused Layoffs
• Neutral Sentiment: Qualcomm recently closed at $176.31 and outperformed the broader market during the session, reflecting favorable near-term sentiment, although this move was not tied to a new earnings release.
• Neutral Sentiment: Qualcomm rejected reports concerning Snapdragon overheating tied to the Galaxy S27 Ultra. The response may limit reputational and customer-retention concerns, but the issue could remain a product-risk overhang if additional evidence emerges. Qualcomm Pushes Back on Snapdragon Overheating Reports
• Negative Sentiment: Global layoffs also highlight pressure to improve performance. Potential disruption, severance expenses and uncertainty about the scale and timing of the cuts could weigh on employee morale and execution. Qualcomm Reportedly to Cut Jobs Globally Following Performance Reviews
• Negative Sentiment: Recent ETF selling and sustained insider selling add technical and sentiment risks. Qualcomm insiders reportedly recorded open-market sales without purchases over the past six months, while ETFs were net sellers on October 15.

Institutional Investors Weigh In On Qualcomm

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Physician Wealth Advisors Inc. boosted its stake in shares of Qualcomm by 4.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 2,782 shares of the wireless technology company’s stock worth $512,000 after buying an additional 115 shares during the last quarter. Integrated Advisors Network LLC grew its holdings in shares of Qualcomm by 1.2% in the third quarter. Integrated Advisors Network LLC now owns 13,425 shares of the wireless technology company’s stock worth $2,471,000 after acquiring an additional 158 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Qualcomm by 5.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 497,227 shares of the wireless technology company’s stock worth $91,510,000 after acquiring an additional 26,706 shares during the period. Diversify Advisory Services LLC grew its holdings in shares of Qualcomm by 20.4% in the third quarter. Diversify Advisory Services LLC now owns 90,259 shares of the wireless technology company’s stock worth $16,102,000 after acquiring an additional 15,287 shares during the period. Finally, Petredis Investment Advisors LLC increased its position in Qualcomm by 1.4% during the third quarter. Petredis Investment Advisors LLC now owns 15,296 shares of the wireless technology company’s stock valued at $2,815,000 after acquiring an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

About Qualcomm

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.