Illinois Municipal Retirement Fund Acquires 27,697 Shares of QUALCOMM Incorporated $QCOM

Illinois Municipal Retirement Fund grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 14.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,496 shares of the wireless technology company’s stock after acquiring an additional 27,697 shares during the period. Illinois Municipal Retirement Fund’s holdings in QUALCOMM were worth $34,161,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Fountainhead AM LLC purchased a new position in shares of QUALCOMM in the 2nd quarter valued at $296,000. Compass Capital Management Inc. boosted its stake in QUALCOMM by 3.7% in the 2nd quarter. Compass Capital Management Inc. now owns 374,455 shares of the wireless technology company’s stock worth $59,636,000 after purchasing an additional 13,462 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of QUALCOMM by 4.0% during the second quarter. ProShare Advisors LLC now owns 1,915,049 shares of the wireless technology company’s stock valued at $304,991,000 after buying an additional 73,398 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of QUALCOMM by 4.7% in the second quarter. Profund Advisors LLC now owns 150,149 shares of the wireless technology company’s stock valued at $23,913,000 after purchasing an additional 6,767 shares during the period. Finally, Roberts Glore & Co. Inc. IL raised its position in QUALCOMM by 13.9% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 2,500 shares of the wireless technology company’s stock worth $398,000 after buying an additional 305 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of QUALCOMM from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the stock an “outperform” rating in a research note on Monday, July 28th. JPMorgan Chase & Co. increased their target price on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Tuesday, August 26th. Finally, Citigroup boosted their price target on QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.38.

Insider Buying and Selling

In other news, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the transaction, the chief executive officer directly owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the stock in a transaction on Monday, October 20th. The shares were sold at an average price of $166.06, for a total value of $1,384,110.10. Following the sale, the chief financial officer owned 36,541 shares of the company’s stock, valued at $6,067,998.46. This trade represents a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 163,169 shares of company stock valued at $26,978,998. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $170.89 on Monday. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The stock has a market capitalization of $183.02 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.59 and a beta of 1.26. The firm’s fifty day simple moving average is $167.46 and its 200-day simple moving average is $158.15.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.87 by $0.13. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same quarter last year, the business earned $2.69 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, equities analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.1%. QUALCOMM’s dividend payout ratio is 72.80%.

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.