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

New York State Common Retirement Fund trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 7.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 owned 0.12% of QUALCOMM worth $220,557,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of QCOM. waypoint wealth counsel raised its stake in shares of QUALCOMM by 2.2% during the 3rd quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock worth $476,000 after purchasing an additional 61 shares during the period. Baron Wealth Management LLC increased its holdings in QUALCOMM by 4.5% during the third quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock worth $238,000 after buying an additional 62 shares during the last quarter. Avion Wealth raised its position in QUALCOMM by 16.7% in the second quarter. Avion Wealth now owns 441 shares of the wireless technology company’s stock worth $70,000 after acquiring an additional 63 shares during the period. Insight Advisors LLC PA boosted its stake in QUALCOMM by 1.8% in the second quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company’s stock valued at $556,000 after acquiring an additional 63 shares during the last quarter. Finally, Elser Financial Planning Inc grew its position in shares of QUALCOMM by 3.7% during the 3rd quarter. Elser Financial Planning Inc now owns 1,759 shares of the wireless technology company’s stock valued at $297,000 after acquiring an additional 63 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada began coverage on shares of QUALCOMM in a report on Wednesday, January 14th. They issued a “sector perform” rating and a $180.00 price target on the stock. Susquehanna set a $210.00 target price on QUALCOMM in a research note on Thursday, November 6th. Bank of America upped their price target on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, UBS Group dropped their price objective on shares of QUALCOMM from $185.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $189.06.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $152.70 on Thursday. The business’s fifty day moving average is $169.60 and its 200 day moving average is $165.39. The firm has a market cap of $163.09 billion, a price-to-earnings ratio of 31.23, a PEG 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. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95.

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

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 annualized dividend and a yield of 2.3%. QUALCOMM’s payout ratio is currently 72.80%.

Insider Buying and Selling at QUALCOMM

In related news, EVP Ann C. Chaplin sold 7,180 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the sale, the executive vice president owned 23,944 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction 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 sale, the insider directly owned 19,593 shares of the company’s stock, valued at $3,387,041.91. This represents a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 44,820 shares of company stock worth $7,883,482 in the last ninety days. Insiders own 0.05% of the company’s stock.

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.