Retirement Systems of Alabama Sells 5,367 Shares of QUALCOMM Incorporated $QCOM

Retirement Systems of Alabama lessened its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 651,676 shares of the wireless technology company’s stock after selling 5,367 shares during the quarter. Retirement Systems of Alabama owned approximately 0.06% of QUALCOMM worth $108,413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of QCOM. First Citizens Bank & Trust Co. raised its stake in shares of QUALCOMM by 3.9% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 15,858 shares of the wireless technology company’s stock valued at $2,638,000 after buying an additional 597 shares in the last quarter. Sagespring Wealth Partners LLC boosted its position in shares of QUALCOMM by 3.1% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 11,071 shares of the wireless technology company’s stock valued at $1,842,000 after acquiring an additional 335 shares in the last quarter. Mendel Capital Management LLC increased its stake in QUALCOMM by 2.9% in the third quarter. Mendel Capital Management LLC now owns 7,350 shares of the wireless technology company’s stock valued at $1,223,000 after acquiring an additional 207 shares during the period. Greatmark Investment Partners Inc. raised its position in QUALCOMM by 1.5% in the third quarter. Greatmark Investment Partners Inc. now owns 177,626 shares of the wireless technology company’s stock worth $29,550,000 after purchasing an additional 2,681 shares in the last quarter. Finally, Seelaus Asset Management LLC acquired a new position in QUALCOMM in the third quarter worth about $254,000. 74.35% of the stock is currently owned by institutional investors.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 513 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $160.95, for a total value of $82,567.35. Following the transaction, the chief accounting officer directly owned 203 shares in the company, valued at approximately $32,672.85. This trade represents a 71.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the sale, the insider directly owned 19,593 shares of the company’s stock, valued at $3,387,041.91. This trade represents a 7.55% decrease in their ownership of the stock. 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 ninety days. 0.08% of the stock is currently owned by insiders.

QUALCOMM Price Performance

Shares of QCOM stock opened at $155.82 on Friday. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The stock has a market capitalization of $166.88 billion, a PE ratio of 31.87, a PEG ratio of 3.47 and a beta of 1.21. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. The stock’s fifty day moving average is $170.36 and its 200-day moving average is $165.50.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data 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 firm had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.3%. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada began coverage on QUALCOMM in a report on Wednesday, January 14th. They set a “sector perform” rating and a $180.00 price objective on the stock. Piper Sandler boosted their price target on QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Bank of America increased their price objective on QUALCOMM from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Mizuho set a $175.00 price objective on QUALCOMM and gave the company a “neutral” rating in a report on Friday, January 9th. Finally, Susquehanna set a $210.00 target price on shares of QUALCOMM in a report on Thursday, November 6th. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $191.28.

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.