Teacher Retirement System of Texas Sells 72,228 Shares of QUALCOMM Incorporated $QCOM

Teacher Retirement System of Texas lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 417,645 shares of the wireless technology company’s stock after selling 72,228 shares during the quarter. Teacher Retirement System of Texas’ holdings in QUALCOMM were worth $69,479,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QCOM. Harbor Capital Advisors Inc. increased its position in QUALCOMM by 72.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. Chung Wu Investment Group LLC bought a new stake in shares of QUALCOMM during the second quarter valued at approximately $32,000. Harbor Asset Planning Inc. bought a new position in QUALCOMM in the 2nd quarter worth approximately $32,000. Winnow Wealth LLC acquired a new position in QUALCOMM during the 2nd quarter worth $32,000. Finally, Lavaca Capital LLC bought a new position in QUALCOMM in the 2nd quarter valued at $32,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at QUALCOMM

In related news, EVP Alexander H. Rogers sold 15,917 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the transaction, the executive vice president directly owned 26,071 shares in the company, valued at approximately $4,640,898.71. The trade was a 37.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Patricia Y. Grech sold 513 shares of QUALCOMM stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $160.95, for a total transaction of $82,567.35. Following the completion of the transaction, the chief accounting officer directly owned 203 shares in the company, valued at approximately $32,672.85. The trade was a 71.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 44,820 shares of company stock worth $7,883,482 over the last three months. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. TD Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a research note on Thursday, November 6th. Susquehanna set a $210.00 price target on shares of QUALCOMM in a research note on Thursday, November 6th. Finally, Mizuho set a $175.00 price objective on shares of QUALCOMM and gave the company a “neutral” rating in a report on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $191.28.

QUALCOMM Stock Up 0.9%

QUALCOMM stock opened at $157.72 on Friday. The firm has a market capitalization of $168.91 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 3.48 and a beta of 1.21. The company’s 50 day simple moving average is $170.72 and its 200 day simple moving average is $165.47. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. During the same period last year, the business posted $2.69 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, March 5th. QUALCOMM’s dividend payout ratio is 72.80%.

QUALCOMM Company Profile

QUALCOMM Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi?Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.