Texas Permanent School Fund Corp Sells 30,336 Shares of QUALCOMM Incorporated $QCOM

Texas Permanent School Fund Corp cut its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 22.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,878 shares of the wireless technology company’s stock after selling 30,336 shares during the period. Texas Permanent School Fund Corp’s holdings in QUALCOMM were worth $16,384,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in QCOM. Guinness Asset Management LTD lifted its stake 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 worth $8,824,000 after acquiring an additional 5,779 shares during the period. CORDA Investment Management LLC. lifted its position in shares of QUALCOMM by 18.6% in the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock worth $3,579,000 after purchasing an additional 3,524 shares during the period. Westerkirk Capital Inc. purchased a new stake in shares of QUALCOMM in the 2nd quarter worth about $4,539,000. Great Lakes Retirement Inc. boosted its stake in shares of QUALCOMM by 8.0% during the 2nd quarter. Great Lakes Retirement Inc. now owns 21,687 shares of the wireless technology company’s stock valued at $3,454,000 after purchasing an additional 1,610 shares in the last quarter. Finally, Greatmark Investment Partners Inc. increased its position in shares of QUALCOMM by 3.1% during the second quarter. Greatmark Investment Partners Inc. now owns 174,945 shares of the wireless technology company’s stock valued at $27,862,000 after buying an additional 5,240 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 19,593 shares in the company, valued at $3,387,041.91. The trade was a 7.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the transaction, the chief executive officer directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 164,388 shares of company stock valued at $27,248,752 in the last quarter. 0.08% of the stock is owned by company insiders.

QUALCOMM Stock Down 1.6%

QCOM stock opened at $178.29 on Monday. The business has a 50 day moving average of $170.72 and a 200 day moving average of $162.31. The firm has a market cap of $190.95 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 3.91 and a beta of 1.22. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70.

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

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.

Analyst Upgrades and Downgrades

QCOM has been the topic of several research reports. Wells Fargo & Company lifted their price objective on QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. TD Cowen lifted their price target on QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Arete Research set a $200.00 price target on QUALCOMM in a research note on Tuesday, August 26th. Susquehanna set a $210.00 price objective on QUALCOMM in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $191.00.

About QUALCOMM

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.