Qualcomm appoints Dr. Jeremy Kolter to board of directors and governance committee

Qualcomm Incorporated (NASDAQ:QCOM), a $171 billion market cap semiconductor giant with an "GREAT" financial health rating according to InvestingPro, announced Tuesday that its board of directors has elected Dr. Jeremy (Zico) Kolter as a new member of the board. Dr. Kolter is currently Professor and Department Head of the Machine Learning Department in the School of Computer Science at Carnegie Mellon University.

According to a statement released in a regulatory filing, Dr. Kolter’s term will extend until the company’s next annual meeting of stockholders. He has also been appointed to serve on the board’s Governance Committee.

The filing states there are no arrangements or understandings between Dr. Kolter and any other person related to his selection as a director, and there are no transactions involving Dr. Kolter that require disclosure under applicable regulations.

Dr. Kolter will receive compensation for his service as a non-employee director under the Qualcomm Incorporated 2025 Director Compensation Plan. As part of this plan, on Tuesday he was granted 1,049 deferred stock units, which represent a pro rata portion of a full-year award for board service. The company, trading at a P/E ratio of 15.08, offers shareholders a 2.21% dividend yield and has maintained dividend payments for 23 consecutive years. For detailed analysis and 12 additional key insights about Qualcomm’s value proposition, visit InvestingPro.

This information is based on a press release statement included in Qualcomm’s Form 8-K filing with the Securities and Exchange Commission.

In other recent news, Qualcomm reported its fiscal third-quarter 2025 earnings, surpassing analyst expectations with earnings per share of $2.77 compared to the forecast of $2.71. The company’s revenue was $10.37 billion, slightly exceeding the anticipated $10.33 billion. Qualcomm’s management has also raised guidance for the September quarter, projecting revenues of $10.7 billion and earnings per share of $2.85, which is ahead of analyst expectations. Benchmark has maintained its Buy rating on Qualcomm, citing growth across all major business categories, including a 21% increase in automotive revenue and a 24% rise in the Internet of Things segment. Meanwhile, Cantor Fitzgerald reiterated a Neutral rating, setting a price target of $150, following the company’s earnings report. Mizuho lowered its price target to $185 from $190, maintaining an Outperform rating due to concerns over Qualcomm CDMA Technologies’ margins. Additionally, Qualcomm announced leadership changes, with Patricia Grech appointed as Senior Vice President and Chief Accounting Officer, while Neil Martin transitions to lead corporate development. These developments reflect Qualcomm’s ongoing strategic adjustments and financial performance.

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