Qualcomm Inc Stock Price, News & Analysis

Qualcomm's Board of Directors has approved a new $10.0 billion stock repurchase authorization, effective immediately. This program is in addition to the remaining $0.9 billion from the prior repurchase program initiated in July 2018. The new repurchase plan has no expiration date and will consider prevailing market conditions. These repurchases may occur through various methods and are funded using the Company’s cash resources. This buyback aims to enhance shareholder value and reflects confidence in Qualcomm's future prospects.

Qualcomm has appointed Ann Chaplin as the new general counsel and corporate secretary, effective November 1. Chaplin, who previously served at General Motors, is expected to leverage her extensive legal experience to support Qualcomm's growth ambitions. Don Rosenberg, the outgoing general counsel, will transition to a Special Advisor role until his retirement at year-end. Qualcomm's CEO, Cristiano Amon, expressed confidence in Chaplin's skills as the company navigates significant growth opportunities in technology sectors.

Qualcomm and SSW Partners announced a definitive agreement to acquire Veoneer for $37.00 per share, valuing Veoneer at $4.5 billion. This acquisition will involve SSW Partners retaining Veoneer's Tier-1 supplier businesses while selling the Arriver business to Qualcomm. The share price represents an 18% premium over a previous agreement with Magna. Expected to close in 2022, the deal is subject to regulatory approvals. Both Qualcomm and SSW Partners aim to ensure Veoneer’s business continuity and explore strategic partnerships for remaining assets.

Qualcomm's report, "Environmental sustainability and a greener economy: The transformative role of 5G," emphasizes how 5G technology can drive sustainability across industries. The report predicts that 5G could create 300,000 green jobs in the U.S. by 2030 and reduce greenhouse gas emissions by 374 million metric tons, equivalent to removing 81 million vehicles from roads. It also highlights potential water savings of 410 billion gallons nationwide and a 50% reduction in pesticide usage. Qualcomm calls for accelerated 5G deployment and investments to realize these sustainability benefits.

Qualcomm has proposed an all-cash acquisition of Veoneer at $37 per share, a move backed by its Board of Directors and not requiring stockholder approval. This acquisition aligns with Qualcomm's strategy to expand its automotive technology footprint, complementing its existing digital chassis solutions with Veoneer's assisted driving assets. The company anticipates a revenue-design win pipeline of approximately $10 billion in the automotive sector. Qualcomm plans to utilize existing cash resources for the acquisition, asserting no financing contingencies exist.

Qualcomm Incorporated (NASDAQ: QCOM) announced its fiscal third quarter financial results on July 28, 2021. The earnings release is accessible on the Qualcomm Investor Relations website. A live conference call discussing the results will take place on the same day at 1:45 p.m. PT, with a replay available for 30 days. Qualcomm is a key player in wireless technology and 5G, with products found in various devices across industries. For detailed financial metrics, the earnings report can be accessed online.

Qualcomm has announced the release date for its third quarter fiscal 2021 financial results, set for July 28, 2021, after the market closes. The earnings report will be accessible on the Investor Relations website and submitted to the SEC via Form 8-K. A conference call to discuss the results will also take place on July 28, 2021, at 1:45 PM PT, with a replay available for 30 days. Qualcomm is recognized as a leader in wireless technology and plays a crucial role in the 5G ecosystem.

Qualcomm Incorporated (NASDAQ: QCOM) declared a quarterly cash dividend of $0.68 per common share, to be paid on September 23, 2021. Shareholders on record as of September 2, 2021 will receive this payment. Qualcomm is a leader in wireless technology and plays a pivotal role in the development of 5G, with technologies that support 3G, 4G, and 5G smartphones. The company also extends its innovations to industries like automotive, the Internet of Things, and computing.

Qualcomm has announced the appointment of Don McGuire as the new senior vice president and chief marketing officer (CMO), effective immediately. He will report directly to CEO Cristiano Amon. McGuire, with over 25 years of marketing experience, previously held the position of vice president of Global Product Marketing at Qualcomm, where he played a pivotal role in redefining product marketing strategies. Penny Baldwin, the former CMO, will support the transition until her retirement later this year, ensuring continuity in marketing initiatives.