New York State Teachers Retirement System Sells 50,283 Shares of Qualcomm Incorporated $QCOM

New York State Teachers Retirement System decreased its position in Qualcomm Incorporated (NASDAQ:QCOM) by 5.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 927,678 shares of the wireless technology company’s stock after selling 50,283 shares during the period. New York State Teachers Retirement System’s holdings in Qualcomm were worth $158,679,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cloud Capital Management LLC bought a new position in shares of Qualcomm in the third quarter worth approximately $27,000. Richardson Financial Services Inc. lifted its stake in Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 80 shares during the period. Torren Management LLC purchased a new stake in Qualcomm in the fourth quarter worth $29,000. Glass Jacobson Investment Advisors llc lifted its stake in Qualcomm by 113.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock worth $32,000 after acquiring an additional 101 shares during the period. Finally, Board of the Pension Protection Fund purchased a new stake in Qualcomm in the fourth quarter worth $34,000. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the transaction, the executive vice president owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Patricia Y. Grech sold 192 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $172.00, for a total value of $33,024.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 9,310 shares of company stock valued at $1,266,729. 0.05% of the stock is currently owned by company insiders.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $179.58 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $191.61 billion, a P/E ratio of 19.52 and a beta of 1.28. The business has a fifty day simple moving average of $135.69 and a two-hundred day simple moving average of $155.33. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $205.95.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 43.63% and a net margin of 22.31%.The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, equities analysts forecast that Qualcomm Incorporated will post 8.21 earnings per share for the current fiscal year.

Qualcomm declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Qualcomm Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s payout ratio is 40.00%.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Q2 beat on EPS (reported $2.65 vs. ~ $2.56 consensus), with automotive and licensing strength helping offset modest revenue weakness; the quarter and commentary were the immediate catalyst for the rally. Read More.
• Positive Sentiment: CEO Cristiano Amon said Qualcomm will begin shipping custom data‑center chips to a “large hyperscaler” within the calendar year — investors treated this as a major AI/data‑center growth signal. Read More.
• Positive Sentiment: Several brokerages raised targets and ratings after the report (Benchmark raised its target to $225 with a Buy; multiple firms lifted targets to ~$160), supporting upside expectations from Wall Street. Read More.
• Neutral Sentiment: Qualcomm’s Q2 revenue was roughly in line (~$10.6B) but down year‑over‑year; the market is parsing strong per‑share profitability versus a softer top line. Read More.
• Neutral Sentiment: Technicals and momentum favor further upside in the near term (analysts/technicals note potential breakout), which may amplify moves while sentiment remains positive. Read More.
• Negative Sentiment: Guidance disappointed: Q3 EPS guidance (2.10–2.30) and revenue guide ($9.2B–$10.0B) came in below consensus, reflecting memory‑supply constraints — a reason for caution on near‑term growth. Read More.
• Negative Sentiment: Not all upgrades are uniformly bullish: JPMorgan set a $160 target with a “neutral” rating (below current levels), and some analysts trimmed FY estimates — showing lingering valuation/near‑term risk. Read More.

Analyst Ratings Changes

A number of brokerages recently commented on QCOM. Bank of America began coverage on Qualcomm in a research note on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 price target for the company. UBS Group raised their price target on Qualcomm from $150.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday. DZ Bank raised Qualcomm to a “strong-buy” rating in a research note on Tuesday, February 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 price target on shares of Qualcomm in a research note on Thursday, February 5th. Finally, Loop Capital raised Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price target for the company in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $165.88.

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.