Patricia Y. Grech, Senior Vice President and Chief Accounting Officer at Qualcomm (NASDAQ: QCOM), sold 85 shares of the company's common stock on April 2, 2026. The transaction was executed at $125.50 per share for a total consideration of $10,667, according to the filing.
The sale was carried out under a pre-arranged Rule 10b5-1 trading plan that Grech adopted on December 11, 2025. The filing also notes that 85 of her remaining shares were acquired through the company's Employee Stock Purchase Plan on April 1, 2026.
After the disposition, Grech retains an indirect interest in 192 shares held in a family trust. The filing indicates that she and her spouse serve as trustees of the trust and that her immediate family members are beneficiaries.
Market and corporate context
The transaction takes place as Qualcomm's market capitalization sits near $135 billion and the stock trades close to its 52-week low of $120.8; shares were reported at $126.8 at the time of the filing. In parallel with the insider sale, Qualcomm announced strategic capital-return moves: a new $20 billion share repurchase authorization and an increase in the quarterly cash dividend from $0.89 to $0.92 per share.
Qualcomm said the boosted dividend will apply to payments made after March 26, 2026, resulting in an annualized cash payout of $3.68 per share. The board approved the fresh repurchase authorization to supplement an existing buyback program that had roughly $2.1 billion remaining.
Analyst activity and valuation notes
Market research referenced in the filing indicates differing analyst perspectives. Bernstein downgraded Qualcomm from Outperform to Market Perform, citing possible declines in smartphone shipments driven by memory headwinds. Seaport Global Securities lowered its stance from Neutral to Sell, flagging a projected 10%-15% decline in mobile phone volumes this year. Separately, Goldman Sachs initiated coverage with a Neutral rating and a price target of $135.
Investment research cited in the filing also suggests Qualcomm appears undervalued at current levels and that the name offers a 2.81% dividend yield. The filing points investors to Pro Research Reports for more in-depth coverage of QCOM and over 1,400 other U.S. equities.
What the filing shows
- Insider: Patricia Y. Grech, SVP and Chief Accounting Officer.
- Shares sold: 85 on April 2, 2026, at $125.50, total $10,667.
- Indirect holdings after sale: 192 shares in a family trust where she and her spouse are trustees and immediate family are beneficiaries.
- Sale executed under a Rule 10b5-1 plan adopted December 11, 2025; 85 remaining shares were purchased through the Employee Stock Purchase Plan on April 1, 2026.
This disclosure is limited to the information provided in the filing and the company announcements referenced therein.