State Board of Administration of Florida Retirement System Cuts Stock Position in QUALCOMM Incorporated $QCOM

State Board of Administration of Florida Retirement System lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,056,990 shares of the wireless technology company’s stock after selling 11,590 shares during the period. State Board of Administration of Florida Retirement System owned about 0.10% of QUALCOMM worth $168,336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QCOM. Brighton Jones LLC grew its stake in shares of QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after acquiring an additional 9,343 shares during the period. Revolve Wealth Partners LLC boosted its holdings in QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after buying an additional 340 shares during the period. N.E.W. Advisory Services LLC purchased a new position in QUALCOMM in the 1st quarter valued at approximately $111,000. Vestcor Inc raised its stake in shares of QUALCOMM by 3.6% during the 1st quarter. Vestcor Inc now owns 21,349 shares of the wireless technology company’s stock valued at $3,279,000 after purchasing an additional 739 shares during the period. Finally, Bayforest Capital Ltd purchased a new stake in QUALCOMM during the 1st quarter worth about $361,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on QCOM. Bank of America upped their price target on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a research note on Thursday, November 6th. UBS Group boosted their price target on shares of QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. lifted their price objective on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Finally, Wells Fargo & Company raised their price target on QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.38.

Insider Activity at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $172.87, for a total transaction of $276,592.00. Following the sale, the insider owned 19,593 shares of the company’s stock, valued at $3,387,041.91. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the sale, the chief executive officer directly owned 149,304 shares in the company, valued at $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 167,791 shares of company stock valued at $27,781,124. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Trading Up 1.1%

NASDAQ QCOM opened at $165.14 on Friday. The firm has a market cap of $176.86 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The stock has a 50-day moving average of $169.34 and a 200-day moving average of $160.27. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. The business had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio is presently 72.80%.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.