Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Qualcomm director Sylvia Acevedo sells $10,074 in stock

Qualcomm director Sylvia Acevedo sells $10,074 in stock

On November 6, 2026, Sylvia Acevedo, a director at Qualcomm Inc., sold shares of the company's common stock, resulting in a transaction worth $10,074. She divested 60.6691 shares at a price of $166.05 per share, leaving her with a direct ownership of 9,007.7546 shares. Qualcomm's stock was trading at $165.41 with a P/E ratio of 13.12 during this time.

InvestingPro's analysis indicates the stock is undervalued relative to its fair value, making it a potential opportunity on the Most Undervalued list. The semiconductor company has raised its dividend for 24 consecutive years, currently offering a yield of 2.35%. For further analysis, an InvestingPro Pro Research Report on QCOM and 1,400+ other US equities, along with 8 ProTips, is available.

Recently, Qualcomm reported impressive fiscal fourth-quarter 2026 results, with revenue of $10.44 billion, exceeding expectations by 2.96%. Non-GAAP earnings per share also met Wall Street forecasts at $2.17. For the upcoming fiscal first-quarter 2027, analysts anticipate revenue to grow 5% above expectations, with earnings aligning with consensus estimates.

Amidst the positive outlook, investment firms have responded to Qualcomm's performance. Piper Sandler maintains a Neutral rating with a price target of $190, while Baird lowered its price target to $320 from $400, citing revenue diversification and potential upside if supply constraints are addressed. Susquehanna reduced its price target to $165 from $185, retaining a Neutral rating due to margin pressure from AI data center revenue and challenges in the mobile sector.

Qualcomm's share in Samsung's Galaxy S27 is expected to exceed 70%, but the company has not disclosed iPhone 18 modem share expectations. These developments underscore Qualcomm's financial performance and strategic position in the market.

Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at investing.com →

More in Finance & Markets

More from Saturday 7 November →