Strs Ohio Boosts Stake in Qualcomm Incorporated $QCOM

Strs Ohio boosted its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 31.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 334,811 shares of the wireless technology company’s stock after buying an additional 80,141 shares during the period. Strs Ohio’s holdings in Qualcomm were worth $57,269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sandro Wealth Management LLC purchased a new stake in shares of Qualcomm during the 4th quarter valued at $279,000. Artemis Investment Management LLP increased its position in shares of Qualcomm by 18.9% in the 4th quarter. Artemis Investment Management LLP now owns 50,719 shares of the wireless technology company’s stock valued at $8,675,000 after acquiring an additional 8,048 shares during the period. SevenBridge Financial Group LLC grew its position in Qualcomm by 2.3% during the 4th quarter. SevenBridge Financial Group LLC now owns 25,141 shares of the wireless technology company’s stock worth $4,300,000 after purchasing an additional 560 shares during the period. Cornerstone Planning Group LLC grew its position in Qualcomm by 123.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 302 shares of the wireless technology company’s stock worth $52,000 after purchasing an additional 167 shares during the period. Finally, Composition Wealth LLC grew its position in Qualcomm by 6.7% during the 4th quarter. Composition Wealth LLC now owns 16,794 shares of the wireless technology company’s stock worth $2,873,000 after purchasing an additional 1,060 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Q2 beat and segment strength — Qualcomm topped EPS expectations and showed strong automotive/licensing performance, which supports near?term earnings quality and helped fuel the recent rally. Qualcomm (QCOM) Posts Stellar Q2
• Positive Sentiment: Data?center/hyperscaler validation — CEO commentary that Qualcomm will ship custom data?center chips to a “large hyperscaler” this year materially changed the narrative and underpins hopes for a new, higher?growth revenue stream. Reuters: Qualcomm shares jump
• Positive Sentiment: Analyst support — Multiple firms raised targets or reaffirmed buy ratings (e.g., Benchmark, Rosenblatt, Summit Insights upgrade), which added fuel to the rally and legitimized the AI/data?center story. Wall Street Lifts Qualcomm Price Target
• Neutral Sentiment: Technicals and momentum — Chart signals show an overbought setup after the rapid rally; that attracts momentum buyers but raises short?term pullback risk. Barron’s: Technicals
• Neutral Sentiment: Capital returns — Ongoing buyback authorization and a raised quarterly dividend support shareholder returns, a stabilizing factor for valuation. MarketBeat: QCOM summary
• Negative Sentiment: Below?consensus Q3 guide & memory shortage — Qualcomm guided Q3 revenue/EPS below Street expectations and pointed to a memory supply issue that could pressure handset demand, which triggered the initial post?earnings weakness. Reuters: Forecast underwhelms
• Negative Sentiment: Insider sale disclosure — A CAO disclosed a small Rule 10b5?1 sale (192 shares); minimal on its own but noted by some data aggregators amid high?volume trading. InsiderTrades: Insider sale

Insider Transactions at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the sale, the executive vice president directly owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. The trade was a 16.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Patricia Y. Grech sold 192 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $172.00, for a total transaction of $33,024.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 9,310 shares of company stock valued at $1,266,729. Insiders own 0.05% of the company’s stock.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $177.00 on Friday. The company has a fifty day simple moving average of $135.69 and a two-hundred day simple moving average of $155.33. The company has a market cap of $188.85 billion, a price-to-earnings ratio of 19.24 and a beta of 1.49. The company has a quick ratio of 1.83, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $205.95.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities analysts anticipate that Qualcomm Incorporated will post 8.18 earnings per share for the current fiscal year.

Qualcomm announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Qualcomm Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 2.1%. Qualcomm’s dividend payout ratio is presently 38.70%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on QCOM shares. Cantor Fitzgerald raised their target price on Qualcomm from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday. Seaport Research Partners reaffirmed a “sell” rating and issued a $100.00 price target on shares of Qualcomm in a research note on Monday, March 16th. TD Cowen raised their target price on shares of Qualcomm from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank Of Canada lifted their price target on shares of Qualcomm from $150.00 to $175.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Daiwa Securities Group lowered shares of Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 price target on the stock. in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $172.40.

About Qualcomm

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.