Insider Selling: Qualcomm (NASDAQ:QCOM) EVP Sells 2,500 Shares of Stock

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

Qualcomm Stock Up 1.3%

QCOM traded up $2.18 on Tuesday, hitting $175.71. 6,842,466 shares of the company were exchanged, compared to its average volume of 10,711,960. The firm has a 50-day moving average price of $175.51 and a two-hundred day moving average price of $180.35. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a market cap of $187.63 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 3.91 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The company 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 period in the prior year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Key Qualcomm News

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

A number of research analysts recently issued reports on QCOM shares. Zacks Research downgraded shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 15th. Morgan Stanley dropped their price objective on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Royal Bank Of Canada raised their price objective on shares of Qualcomm from $160.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, September 9th. Dbs Bank upgraded shares of Qualcomm to a “moderate buy” rating in a report on Tuesday, July 7th. Finally, Bank of America lifted their price objective on shares of Qualcomm from $165.00 to $195.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 23rd. Three research 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 given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $204.97.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. JFS Wealth Advisors LLC raised its stake in shares of Qualcomm by 3.4% during the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock worth $295,000 after purchasing an additional 53 shares during the last quarter. Wall Street Financial Group Inc. lifted its holdings in shares of Qualcomm by 1.9% during the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock worth $564,000 after purchasing an additional 57 shares during the period. Sunbeam Capital Management LLC grew its position in Qualcomm by 3.7% in the 2nd quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock valued at $303,000 after buying an additional 58 shares during the last quarter. Basepoint Wealth LLC grew its position in Qualcomm by 1.8% in the 1st 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 during the last quarter. Finally, Five Oceans Advisors grew its position in Qualcomm by 3.3% in the 2nd quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company’s stock valued at $338,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Company Profile

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.