Qualcomm Incorporated $QCOM Stock Holdings Boosted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,832 shares of the wireless technology company’s stock after purchasing an additional 5,512 shares during the period. Illinois Municipal Retirement Fund’s holdings in Qualcomm were worth $33,464,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Northbridge Financial Group LLC lifted its holdings in Qualcomm by 3.7% in the 3rd quarter. Northbridge Financial Group LLC now owns 6,481 shares of the wireless technology company’s stock valued at $1,173,000 after purchasing an additional 233 shares in the last quarter. Confluence Wealth Services Inc. lifted its stake in Qualcomm by 33.9% in the 3rd quarter. Confluence Wealth Services Inc. now owns 23,773 shares of the wireless technology company’s stock worth $4,375,000 after purchasing an additional 6,016 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Qualcomm by 2.3% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 8,743 shares of the wireless technology company’s stock worth $1,609,000 after purchasing an additional 195 shares during the last quarter. Csenge Advisory Group boosted its holdings in shares of Qualcomm by 13.2% during the 3rd quarter. Csenge Advisory Group now owns 5,605 shares of the wireless technology company’s stock worth $1,032,000 after purchasing an additional 653 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in shares of Qualcomm by 4.8% during the 3rd quarter. New York Life Investment Management LLC now owns 179,953 shares of the wireless technology company’s stock worth $33,119,000 after purchasing an additional 8,166 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm Stock Performance

Qualcomm stock opened at $173.53 on Wednesday. The firm has a 50 day simple moving average of $178.31 and a 200-day simple moving average of $169.68. The stock has a market cap of $185.68 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 2.71 and a beta of 1.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.86 and a quick ratio of 1.14. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.16 by $0.01. Qualcomm had a net margin of 31.60% and a return on equity of 30.62%. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.12 billion. During the same quarter in the previous year, the company earned $3.00 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts expect that Qualcomm Incorporated will post 7.15 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $3.68 annualized dividend and a yield of 2.1%. Qualcomm’s dividend payout ratio (DPR) is 28.98%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on QCOM. Arete Research upgraded Qualcomm to a “strong-buy” rating in a research report on Friday, October 16th. Zacks Research downgraded Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 15th. Susquehanna lowered their price objective on Qualcomm from $185.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, November 5th. Cantor Fitzgerald dropped their target price on Qualcomm from $200.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Finally, Sanford C. Bernstein cut their target price on Qualcomm from $165.00 to $155.00 and set a “market perform” rating for the company in a research note on Monday, November 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty-one have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $197.13.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Automotive revenue reportedly reached a record $1.99 billion, up 89%, and Qualcomm expects non-handset revenue to grow more than 60% in fiscal 2027. Those businesses could help offset softness in smartphones. Article
• Positive Sentiment: ETFs recorded $28.3 million in net QCOM purchases on Nov. 5, with more funds adding shares than trimming them—one indication of institutional demand. Article
• Neutral Sentiment: EVP Heather Ace sold 3,200 shares under a pre-arranged Rule 10b5-1 plan and retained 39,379 shares, making the transaction a less direct signal about her view of the company. SEC filing
• Negative Sentiment: Freedom Broker downgraded Qualcomm from Buy to Hold and cut its price target to $185 from $200, citing expectations that investment in newer growth businesses will pressure margins longer than anticipated. Article
• Negative Sentiment: Handset revenue reportedly fell 26%, while earnings guidance was below expectations, renewing concerns about the company’s dependence on its smartphone-chip business. Article

Insider Activity at Qualcomm

In other news, EVP Ann C. Chaplin sold 1,501 shares of the company’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $161.54, for a total value of $242,471.54. Following the transaction, the executive vice president owned 27,271 shares of the company’s stock, valued at $4,405,357.34. This represents a 5.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $175.06, for a total value of $437,650.00. Following the transaction, the executive vice president owned 20,799 shares of the company’s stock, valued at approximately $3,641,072.94. This represents a 10.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 32,520 shares of company stock valued at $6,101,411 over the last 90 days. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Profile

Qualcomm Incorporated is a technology company that develops wireless communications technologies and semiconductor products. Its chips and related systems are used in smartphones and other connected devices, with products spanning mobile processors, modem-radio frequency systems, and connectivity solutions. The Snapdragon brand includes platforms for mobile devices as well as computing, automotive, and extended-reality applications. Qualcomm also develops technology for automotive systems and the Internet of Things, including connectivity and processing solutions for vehicles, industrial equipment, and consumer devices.