Rep. Sara Jacobs Sells Off Shares of Qualcomm Incorporated (NASDAQ:QCOM)

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 6th. 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 5/7/2026.

Qualcomm Stock Up 5.4%

Qualcomm stock opened at $213.41 on Friday. The stock has a market cap of $224.93 billion, a P/E ratio of 23.20, a P/E/G ratio of 25.08 and a beta of 1.49. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $247.90. The company’s 50-day moving average price is $152.74 and its two-hundred day moving average price is $158.33.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, analysts expect that Qualcomm Incorporated will post 7.99 EPS for the current year.

Qualcomm Increases Dividend

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

Qualcomm declared that its Board of Directors has approved a share buyback plan 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 reacquire up to 14.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently issued reports on QCOM. Cantor Fitzgerald boosted their price target on Qualcomm from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Citigroup increased their price objective on Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Piper Sandler reissued an “overweight” rating and set a $200.00 target price on shares of Qualcomm in a report on Thursday, February 5th. Craig Hallum raised shares of Qualcomm to a “buy” rating in a research report on Friday, May 8th. Finally, Oppenheimer downgraded shares of Qualcomm from a “market perform” rating to a “market perform” rating in a research note on Friday, May 8th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $181.79.

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The transaction 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. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $130.34, for a total transaction of $325,850.00. Following the transaction, the executive vice president owned 30,684 shares of the company’s stock, valued at $3,999,352.56. This trade represents a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 19,306 shares of company stock valued at $3,435,583 in the last quarter. 0.05% of the stock is owned by company insiders.

Hedge Funds Weigh In On Qualcomm

Several hedge funds and other institutional investors have recently modified their holdings of QCOM. Basepoint Wealth LLC boosted its stake in Qualcomm by 1.8% in the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after buying an additional 59 shares in the last quarter. Greykasell Wealth Strategies Inc. grew its position in Qualcomm by 1.5% in the third quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock valued at $686,000 after acquiring an additional 61 shares during the last quarter. Certified Advisory Corp raised its stake in Qualcomm by 0.6% during the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after acquiring an additional 62 shares in the last quarter. ProVise Management Group LLC lifted its holdings in shares of Qualcomm by 2.6% in the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock worth $426,000 after acquiring an additional 64 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its holdings in shares of Qualcomm by 1.0% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock worth $1,095,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

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.

About Qualcomm

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.