VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Stake in QUALCOMM Incorporated $QCOM

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 374,629 shares of the wireless technology company’s stock, valued at approximately $59,663,000.

A number of other institutional investors have also recently made changes to their positions in QCOM. Capital Advantage Inc. increased its position in QUALCOMM by 2.8% during the 2nd quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company’s stock valued at $375,000 after purchasing an additional 64 shares during the period. Rise Advisors LLC boosted its stake in shares of QUALCOMM by 6.7% in the 1st quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company’s stock valued at $161,000 after purchasing an additional 66 shares during the last quarter. Bell Investment Advisors Inc increased its position in shares of QUALCOMM by 4.6% during the first quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company’s stock worth $231,000 after buying an additional 66 shares during the period. Collaborative Wealth Managment Inc. increased its position in shares of QUALCOMM by 5.1% during the first quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company’s stock worth $217,000 after buying an additional 69 shares during the period. Finally, Thoroughbred Financial Services LLC raised its stake in QUALCOMM by 0.3% during the first quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company’s stock worth $3,879,000 after buying an additional 69 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Cristiano R. Amon sold 150,000 shares of the firm’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 transaction, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Patricia Y. Grech sold 273 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the sale, the chief accounting officer owned 404 shares of the company’s stock, valued at $65,213.68. This trade represents a 40.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,767 shares of company stock worth $26,322,745 in the last 90 days. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Down 0.4%

Shares of NASDAQ:QCOM opened at $163.45 on Friday. The firm has a market cap of $176.36 billion, a P/E ratio of 15.76, a PEG ratio of 2.38 and a beta of 1.23. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The business’s 50 day simple moving average is $162.00 and its two-hundred day simple moving average is $153.74. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the firm earned $2.33 earnings per share. QUALCOMM’s revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s dividend payout ratio is currently 34.33%.

Analyst Ratings Changes

A number of analysts have commented on QCOM shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the company an “outperform” rating in a research report on Monday, July 28th. Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Tuesday, August 26th. Citigroup reissued a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of QUALCOMM in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.82.

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.