California State Teachers Retirement System Sells 50,237 Shares of Qualcomm Incorporated $QCOM

California State Teachers Retirement System lessened its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 3.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,641,686 shares of the wireless technology company’s stock after selling 50,237 shares during the quarter. California State Teachers Retirement System’s holdings in Qualcomm were worth $211,416,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Basepoint Wealth LLC boosted its position in shares of Qualcomm by 1.8% during the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after acquiring an additional 59 shares during the last quarter. Modern Wealth Management LLC grew its holdings in shares of Qualcomm by 0.5% in the first quarter. Modern Wealth Management LLC now owns 13,704 shares of the wireless technology company’s stock valued at $1,744,000 after purchasing an additional 64 shares in the last quarter. Dakota Community Bank & Trust NA increased its position in Qualcomm by 3.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock worth $316,000 after purchasing an additional 65 shares during the last quarter. S.A. Mason LLC raised its stake in Qualcomm by 5.9% during the fourth quarter. S.A. Mason LLC now owns 1,192 shares of the wireless technology company’s stock valued at $204,000 after purchasing an additional 66 shares in the last quarter. Finally, Marion Wealth Management raised its stake in Qualcomm by 4.5% during the fourth quarter. Marion Wealth Management now owns 1,567 shares of the wireless technology company’s stock valued at $244,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Qualcomm Trading Down 4.2%

QCOM stock opened at $162.88 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The stock has a market capitalization of $171.68 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 5.05 and a beta of 1.63. The firm’s fifty day simple moving average is $202.20 and its two-hundred day simple moving average is $168.13.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same quarter last year, the business earned $2.85 EPS. The business’s revenue was down 3.5% on a year-over-year basis. As a group, analysts anticipate that Qualcomm Incorporated will post 7.97 earnings per share for the current year.

Qualcomm Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio is 40.00%.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s expanded partnership with Samsung could support Snapdragon adoption across premium Galaxy smartphones and other connected devices, strengthening its position in the high-end handset market. Qualcomm’s Samsung Expansion and AI Deals Could Reshape Its Growth Story
• Positive Sentiment: Investors are also watching Qualcomm’s efforts to diversify beyond smartphones through AI infrastructure, automotive computing and data-center opportunities. These businesses could help offset handset weakness and support the company’s ambition to more than double revenue by 2029. Qualcomm Is Diversifying Beyond Handsets
• Positive Sentiment: The company’s planned $0.92-per-share quarterly dividend, automotive AI initiatives and reported customer price increases provide additional support for cash flow, shareholder returns and margins. What Qualcomm’s Dividend Payout and Automotive AI Push Means for Shareholders
• Neutral Sentiment: Analysts expect the earnings release to clarify whether Qualcomm can meet expectations. The company previously reported quarterly revenue of $10.6 billion and adjusted earnings of $2.65 per share, while current fiscal-year consensus is approximately $7.97 per share. Qualcomm Reports Earnings Tomorrow: What to Expect
• Negative Sentiment: Near-term sentiment remains weak because the handset segment—particularly in China—is softening. Investors may demand stronger guidance on AI, automotive and data-center growth to justify Qualcomm’s valuation and reverse the stock’s recent decline. Qualcomm Q2 Earnings Preview
• Negative Sentiment: Technically, the shares are testing support after retreating substantially from their record high, increasing sensitivity to any earnings miss or cautious outlook. Qualcomm Stock Tests Technical Support Ahead of Earnings

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of recent research reports. Summit Insights raised shares of Qualcomm from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Sanford C. Bernstein upped their target price on shares of Qualcomm from $140.00 to $235.00 and gave the company a “market perform” rating in a research report on Thursday, June 25th. Melius Research set a $220.00 price target on shares of Qualcomm in a report on Monday, May 18th. Benchmark reiterated a “buy” rating on shares of Qualcomm in a research report on Monday. Finally, Lake Street Capital cut Qualcomm to a “hold” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $222.77.

Insider Activity

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the transaction, the executive vice president directly owned 23,184 shares in the company, valued at approximately $4,191,899.04. This represents a 9.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 21,721 shares of company stock valued at $4,044,465. Company insiders own 0.05% of the company’s stock.

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.