QUALCOMM Incorporated $QCOM Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,583 shares of the wireless technology company’s stock after selling 4,690 shares during the period. Kentucky Retirement Systems’ holdings in QUALCOMM were worth $11,400,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in QCOM. Avion Wealth boosted its holdings in shares of QUALCOMM by 16.7% in the second quarter. Avion Wealth now owns 441 shares of the wireless technology company’s stock valued at $70,000 after acquiring an additional 63 shares during the period. Insight Advisors LLC PA grew its position in QUALCOMM by 1.8% during the 2nd quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company’s stock worth $556,000 after purchasing an additional 63 shares during the last quarter. Capital Advantage Inc. increased its stake in QUALCOMM by 2.8% in the second quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company’s stock valued at $375,000 after purchasing an additional 64 shares during the period. Rise Advisors LLC raised its holdings in shares of QUALCOMM by 6.7% in the first quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company’s stock valued at $161,000 after buying an additional 66 shares during the last quarter. Finally, Bell Investment Advisors Inc raised its holdings in shares of QUALCOMM by 4.6% in the first quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company’s stock valued at $231,000 after buying an additional 66 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Stock Down 1.6%

QCOM stock opened at $178.29 on Friday. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70. The company has a market cap of $190.95 billion, a P/E ratio of 36.46, a P/E/G ratio of 3.91 and a beta of 1.22. The company’s 50-day moving average price is $170.72 and its 200 day moving average price is $162.21.

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

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.0%. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 513 shares of QUALCOMM stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $160.95, for a total transaction of $82,567.35. Following the completion of the transaction, the chief accounting officer owned 203 shares in the company, valued at approximately $32,672.85. The trade was a 71.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the completion of the sale, the chief financial officer directly owned 36,541 shares in the company, valued at $6,067,998.46. This trade represents a 18.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 164,388 shares of company stock worth $27,248,752. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on QCOM shares. Piper Sandler boosted their price target on QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Wells Fargo & Company upped their price target on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Arete Research set a $200.00 price objective on shares of QUALCOMM in a research note on Tuesday, August 26th. Bank of America raised their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, TD Cowen boosted their price target on shares of QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $191.00.

QUALCOMM Profile

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.