Retirement Systems of Alabama Has $108.41 Million Stock Holdings in QUALCOMM Incorporated $QCOM

Retirement Systems of Alabama lowered its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 651,676 shares of the wireless technology company’s stock after selling 5,367 shares during the quarter. Retirement Systems of Alabama’s holdings in QUALCOMM were worth $108,413,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QCOM. Harbor Capital Advisors Inc. grew its position in shares of QUALCOMM by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after buying an additional 65 shares during the period. Chung Wu Investment Group LLC acquired a new stake in shares of QUALCOMM in the 2nd quarter valued at approximately $32,000. Harbor Asset Planning Inc. bought a new position in QUALCOMM during the 2nd quarter worth approximately $32,000. Winnow Wealth LLC acquired a new position in QUALCOMM during the second quarter valued at approximately $32,000. Finally, Lavaca Capital LLC bought a new stake in QUALCOMM in the second quarter valued at approximately $32,000. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Down 1.3%

NASDAQ:QCOM opened at $155.82 on Friday. The stock has a 50-day simple moving average of $170.36 and a 200 day simple moving average of $165.50. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95. The company has a market cap of $166.88 billion, a PE ratio of 31.87, a PEG ratio of 3.47 and a beta of 1.21. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82.

QUALCOMM (NASDAQ:QCOM) last released its earnings results 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. The firm had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, March 5th. QUALCOMM’s payout ratio is presently 72.80%.

Insider Activity

In other news, EVP Ann C. Chaplin sold 7,180 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the transaction, the executive vice president owned 23,944 shares in the company, valued at $4,262,750.32. This trade represents a 23.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total value of $2,833,385.17. Following the sale, the executive vice president owned 26,071 shares in the company, valued at $4,640,898.71. The trade was a 37.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 44,820 shares of company stock worth $7,883,482. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Wells Fargo & Company lifted their target price on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. Piper Sandler increased their price target on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Susquehanna set a $210.00 price objective on QUALCOMM in a report on Thursday, November 6th. Finally, TD Cowen reissued a “buy” rating on shares of QUALCOMM in a research note on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $191.28.

About QUALCOMM

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.