New York State Common Retirement Fund Sells 109,475 Shares of QUALCOMM Incorporated $QCOM

New York State Common Retirement Fund cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 7.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,325,783 shares of the wireless technology company’s stock after selling 109,475 shares during the quarter. New York State Common Retirement Fund’s holdings in QUALCOMM were worth $220,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of QCOM. Guinness Asset Management LTD lifted its position in QUALCOMM by 11.6% in the second quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock valued at $8,824,000 after purchasing an additional 5,779 shares during the last quarter. CORDA Investment Management LLC. increased its stake in shares of QUALCOMM by 18.6% in the second quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock worth $3,579,000 after buying an additional 3,524 shares during the period. Westerkirk Capital Inc. bought a new stake in QUALCOMM during the 2nd quarter valued at $4,539,000. MASTERINVEST Kapitalanlage GmbH purchased a new stake in QUALCOMM during the 2nd quarter valued at $3,896,000. Finally, Inscription Capital LLC boosted its position in QUALCOMM by 58.1% during the 3rd quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock valued at $2,172,000 after buying an additional 4,799 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Mizuho lowered their price objective on shares of QUALCOMM from $175.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday. TD Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a research report on Thursday, November 6th. Citigroup reissued a “neutral” rating on shares of QUALCOMM in a research note on Thursday, January 15th. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Royal Bank Of Canada began coverage on QUALCOMM in a research note on Wednesday, January 14th. They issued a “sector perform” rating and a $180.00 price target for the company. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $189.06.

Insider Activity at QUALCOMM

In other QUALCOMM news, EVP Ann C. Chaplin sold 7,180 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the completion of the transaction, the executive vice president owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. This trade represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the executive vice president directly owned 26,071 shares in the company, valued at approximately $4,640,898.71. This represents a 37.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 44,820 shares of company stock worth $7,883,482 over the last 90 days. 0.05% of the stock is currently owned by insiders.

QUALCOMM Stock Down 0.2%

Shares of NASDAQ:QCOM opened at $152.70 on Thursday. The firm has a market capitalization of $163.09 billion, a P/E ratio of 31.23, a P/E/G ratio of 3.41 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 has a 50 day moving average price of $169.60 and a 200-day moving average price of $165.39. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95.

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

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid 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 (DPR) is presently 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.