California Public Employees Retirement System Lowers Stock Holdings in QUALCOMM Incorporated $QCOM

California Public Employees Retirement System lowered its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,961,706 shares of the wireless technology company’s stock after selling 132,997 shares during the period. California Public Employees Retirement System owned approximately 0.27% of QUALCOMM worth $471,681,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of QUALCOMM by 116.6% in 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 raised its holdings in QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after purchasing an additional 340 shares in the last quarter. LaSalle St. Investment Advisors LLC lifted its position in QUALCOMM by 5.8% in the first quarter. LaSalle St. Investment Advisors LLC now owns 1,654 shares of the wireless technology company’s stock valued at $254,000 after purchasing an additional 90 shares during the period. Savvy Advisors Inc. boosted its holdings in QUALCOMM by 72.1% in the 1st quarter. Savvy Advisors Inc. now owns 6,862 shares of the wireless technology company’s stock valued at $1,054,000 after purchasing an additional 2,874 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in QUALCOMM in the 1st quarter valued at approximately $957,000. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Stock Up 0.3%

QUALCOMM stock opened at $174.81 on Friday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The firm has a market capitalization of $187.22 billion, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 3.83 and a beta of 1.22. The stock’s fifty day moving average is $169.59 and its two-hundred day moving average is $161.13. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82.

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

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio is 72.80%.

Insider Buying and Selling at QUALCOMM

In related news, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the sale, the chief executive officer owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $170.33, for a total value of $567,709.89. Following the transaction, the chief financial officer directly owned 33,208 shares of the company’s stock, valued at $5,656,318.64. The trade was a 9.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 164,661 shares of company stock valued at $27,292,820 over the last three months. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on QCOM. Weiss Ratings reissued a “hold (c)” rating on shares of QUALCOMM in a report on Monday, December 1st. Piper Sandler increased their price objective on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Wells Fargo & Company raised their target price on QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. UBS Group upped their price target on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Finally, Arete Research set a $200.00 price objective on shares of QUALCOMM in a research note on Tuesday, August 26th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $189.90.

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.