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

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

Qualcomm Stock Performance

Shares of Qualcomm stock traded up $2.18 on Tuesday, reaching $175.71. 6,842,466 shares of the stock were exchanged, compared to its average volume of 10,711,960. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average price of $175.51 and a two-hundred day moving average price of $180.35. The firm has a market capitalization of $187.63 billion, a PE ratio of 19.63, a PEG ratio of 3.91 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data 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). The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Rare Wolf Capital LLC grew its position in shares of Qualcomm by 14.2% in the third quarter. Rare Wolf Capital LLC now owns 2,409 shares of the wireless technology company’s stock valued at $443,000 after purchasing an additional 300 shares during the last quarter. AMI Asset Management Corp increased its stake in shares of Qualcomm by 0.8% during the 3rd quarter. AMI Asset Management Corp now owns 8,051 shares of the wireless technology company’s stock worth $1,482,000 after purchasing an additional 64 shares in the last quarter. Robinson Value Management Ltd. raised its position in shares of Qualcomm by 40.5% during the 3rd quarter. Robinson Value Management Ltd. now owns 34,184 shares of the wireless technology company’s stock worth $6,291,000 after purchasing an additional 9,858 shares during the last quarter. DUTCH ASSET Corp lifted its stake in Qualcomm by 8.8% in the 3rd quarter. DUTCH ASSET Corp now owns 2,467 shares of the wireless technology company’s stock valued at $454,000 after buying an additional 199 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG lifted its stake in Qualcomm by 74.3% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 4,383 shares of the wireless technology company’s stock valued at $807,000 after buying an additional 1,869 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Key Headlines Impacting 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.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Guggenheim set a $200.00 price objective on shares of Qualcomm in a research note on Monday, June 22nd. Lake Street Capital lowered shares of Qualcomm to a “hold” rating in a research report on Thursday, June 25th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Qualcomm in a report on Wednesday, September 9th. Oppenheimer set a $200.00 target price on shares of Qualcomm in a report on Monday, July 27th. Finally, Craig Hallum downgraded shares of Qualcomm from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $204.97.

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.