California State Teachers Retirement System reduced its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,641,686 shares of the wireless technology company’s stock after selling 50,237 shares during the period. California State Teachers Retirement System owned about 0.16% of Qualcomm worth $211,416,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in QCOM. Vanguard Group Inc. grew its position in shares of Qualcomm by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock valued at $19,524,350,000 after acquiring an additional 647,076 shares during the period. Geode Capital Management LLC increased its stake in shares of Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares in the last quarter. Wellington Management Group LLP raised its holdings in Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the period. Norges Bank bought a new position in Qualcomm in the 4th quarter worth $2,591,056,000. Finally, Amundi lifted its position in Qualcomm by 9.9% during the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after purchasing an additional 1,138,541 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.
Qualcomm News Roundup
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Qualcomm’s expanded partnership with Samsung could support Snapdragon adoption across premium Galaxy smartphones and other connected devices, strengthening its position in the high-end handset market. Qualcomm’s Samsung Expansion and AI Deals Could Reshape Its Growth Story
- Positive Sentiment: Investors are also watching Qualcomm’s efforts to diversify beyond smartphones through AI infrastructure, automotive computing and data-center opportunities. These businesses could help offset handset weakness and support the company’s ambition to more than double revenue by 2029. Qualcomm Is Diversifying Beyond Handsets
- Positive Sentiment: The company’s planned $0.92-per-share quarterly dividend, automotive AI initiatives and reported customer price increases provide additional support for cash flow, shareholder returns and margins. What Qualcomm’s Dividend Payout and Automotive AI Push Means for Shareholders
- Neutral Sentiment: Analysts expect the earnings release to clarify whether Qualcomm can meet expectations. The company previously reported quarterly revenue of $10.6 billion and adjusted earnings of $2.65 per share, while current fiscal-year consensus is approximately $7.97 per share. Qualcomm Reports Earnings Tomorrow: What to Expect
- Negative Sentiment: Near-term sentiment remains weak because the handset segment—particularly in China—is softening. Investors may demand stronger guidance on AI, automotive and data-center growth to justify Qualcomm’s valuation and reverse the stock’s recent decline. Qualcomm Q2 Earnings Preview
- Negative Sentiment: Technically, the shares are testing support after retreating substantially from their record high, increasing sensitivity to any earnings miss or cautious outlook. Qualcomm Stock Tests Technical Support Ahead of Earnings
Insiders Place Their Bets
Analyst Ratings Changes
A number of analysts have commented on QCOM shares. Melius Research set a $220.00 price target on Qualcomm in a research report on Monday, May 18th. Citigroup lifted their price objective on Qualcomm from $160.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. HSBC reiterated a “hold” rating on shares of Qualcomm in a research note on Wednesday, July 15th. Lake Street Capital lowered shares of Qualcomm to a “hold” rating in a report on Thursday, June 25th. Finally, Craig Hallum cut shares of Qualcomm from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $222.77.
View Our Latest Report on Qualcomm
Qualcomm Price Performance
NASDAQ:QCOM opened at $162.88 on Wednesday. The business’s 50-day simple moving average is $202.20 and its two-hundred day simple moving average is $168.13. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The stock has a market cap of $171.68 billion, a PE ratio of 17.70, a P/E/G ratio of 5.05 and a beta of 1.63. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54.
Qualcomm (NASDAQ:QCOM – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same quarter in the prior year, the company posted $2.85 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, analysts forecast that Qualcomm Incorporated will post 7.97 EPS for the current fiscal year.
Qualcomm Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. Qualcomm’s payout ratio is currently 40.00%.
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.
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