Qualcomm Inc Stock Price, News & Analysis

Qualcomm (NASDAQ: QCOM) is set to release its financial results for the first fiscal quarter of 2021 on February 3, 2021, post-market close. The results will be accessible on its Investor Relations website and filed with the SEC. A conference call will take place the same day at 1:45 PM PT to discuss the earnings, with a replay available for 30 days. Qualcomm is recognized as a leading innovator in wireless technology and plays a crucial role in the 5G expansion. For more information, visit the company's website.

Qualcomm Incorporated (NASDAQ: QCOM) has declared a quarterly cash dividend of $0.65 per common share, with payment scheduled for March 25, 2021. Shareholders of record as of the close of business on March 4, 2021 will receive this dividend. This announcement highlights Qualcomm's ongoing commitment to returning value to its shareholders while solidifying its position as a leader in wireless technology and 5G innovation.

Qualcomm announced an agreement to acquire NUVIA for approximately $1.4 billion, pending regulatory approval. The acquisition aims to enhance Qualcomm's Snapdragon technology by integrating NUVIA's high-performance CPU expertise, delivering significant advancements in CPU performance and power efficiency. This move supports Qualcomm's strategy to lead in 5G computing and expand its product offerings across smartphones, laptops, and other devices. The integration of NUVIA is expected to strengthen Qualcomm's competitive edge in various industries, including automotive and extended reality.

Qualcomm announced the expiration of its Registered Exchange Offer for two series of Private Placement Notes totaling $2.206 billion. The 1.300% Notes due 2028 had $961.4 million outstanding, with $952.4 million tendered. The 1.650% Notes due 2032 had $1.245 billion outstanding, with $1.234 billion tendered. All tendered notes were accepted, and settlement will occur on or about January 6, 2021.

The Registered Notes will have the same terms as the Private Placement Notes and will be registered under the Securities Act, eliminating transfer restrictions.

Qualcomm Incorporated (Nasdaq: QCOM) announced the appointment of Cristiano Amon as CEO, effective June 30, 2021, succeeding Steve Mollenkopf, who will retire after 26 years. Amon, with Qualcomm since 1995, is currently President and has played a key role in developing Qualcomm's 5G strategy. Mollenkopf praised Amon's leadership and the company's solid position for future growth. Amon expressed enthusiasm for guiding Qualcomm as it continues to innovate and expand into various industries, reinforcing its role in the digital transformation.

Qualcomm has commenced a Registered Exchange Offer for its $2.2 billion outstanding Private Placement Notes, allowing holders to exchange these for new notes registered under the Securities Act. The offer includes 1.300% Notes due 2028 and 1.650% Notes due 2032, totaling $961 million and $1.25 billion respectively. The exchange offer expires on January 4, 2021, with settlement expected shortly after on January 6, 2021. This move follows a prior exchange offer and is designed to facilitate the registration of the company's debt securities.

On November 19, 2020, Qualcomm Incorporated (QCOM) announced the appointment of Sylvia Acevedo and Greg Johnson to its Board of Directors. Acevedo, former CEO of Girl Scouts of the USA, brings extensive leadership experience, serving on the Governance Committee. Johnson, EVP at Intuit, will contribute to the HR and Compensation Committee. The Board emphasized the value of their diverse perspectives as Qualcomm continues to lead in the 5G transition and capitalize on market opportunities. These appointments reflect an ongoing strategy to enhance governance and leadership effectiveness.

Qualcomm (NASDAQ: QCOM) announced its financial results for Q4 and fiscal 2020 on November 4, revealing strong performance in mobile technology. The company continues to lead in 5G innovation, significantly impacting various sectors, including automotive and IoT. Interest in its licensing business and semiconductor products remains robust. The investor call will provide further insights into earnings and future guidance, available on their investor relations website.

Qualcomm (NASDAQ: QCOM) is set to release its fourth quarter and fiscal 2020 financial results on November 4, 2020, after market close. Investors can access the earnings release on Qualcomm's Investor Relations website. A conference call discussing the results will occur on the same day at 1:45 PM PT, with live broadcasting available online. Following the call, an audio replay will be provided for 30 days, accessible for both U.S. and international callers.