Qualcomm Incorporated $QCOM Stock Purchased by Illinois Municipal Retirement Fund

Posted by Brian Himes on Nov 11th, 2026

Illinois Municipal Retirement Fund boosted its stake in Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 3.1% in the 3rd quarter, Holdings Channel reports. The firm 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.

A number of other large investors also recently added to or reduced their stakes in QCOM. ABS Investment Management LLC purchased a new position in shares of Qualcomm during the second quarter worth $34,000. ABS Direct Equity Fund LLC acquired a new stake in shares of Qualcomm in the second quarter valued at $34,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Qualcomm in the 3rd quarter valued at $35,000. Team Financial Group LLC purchased a new stake in shares of Qualcomm in the 3rd quarter valued at $38,000. Finally, Burk Holdings LLC lifted its stake in Qualcomm by 191.7% during the 2nd quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company’s stock worth $39,000 after acquiring an additional 138 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Stock Up 1.2%

Shares of NASDAQ QCOM opened at $173.53 on Wednesday. The stock has a market cap of $185.68 billion, a P/E ratio of 13.66, a PEG ratio of 2.71 and a beta of 1.70. The company has a current ratio of 1.86, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The business’s fifty day simple moving average is $178.31 and its 200-day simple moving average is $169.68.

Qualcomm (NASDAQ:QCOM – Get Free Report) last released its earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. Qualcomm had a return on equity of 30.62% and a net margin of 31.60%. The firm had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.12 billion. During the same period last year, the business posted $3.00 earnings per share. Qualcomm’s revenue was down 8.4% compared to the same quarter last year. As a group, equities analysts predict that Qualcomm Incorporated will post 7.15 EPS for the current fiscal year.

Qualcomm Announces Dividend

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

Insider Buying and Selling

In other news, EVP Ann Chaplin sold 1,501 shares of Qualcomm stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $161.54, for a total value of $242,471.54. Following the completion of the transaction, the executive vice president owned 27,271 shares in the company, valued at approximately $4,405,357.34. This trade represents a 5.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Grech sold 208 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $170.00, for a total value of $35,360.00. 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 worth $6,101,411 over the last ninety days. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on QCOM. JPMorgan Chase & Co. lowered their target price on Qualcomm from $215.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, November 5th. Freedom Capital upgraded shares of Qualcomm from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Susquehanna reduced their price target on shares of Qualcomm from $185.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, November 5th. Arete Research raised shares of Qualcomm to a “strong-buy” rating in a research note on Friday, October 16th. Finally, Evercore set a $159.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Three equities research 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 given a Sell rating to the stock. According to data from MarketBeat.com, Qualcomm has a consensus rating of “Hold” and an average target price of $197.13.

Read Our Latest Stock Analysis on QCOM

Trending Headlines about 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

Qualcomm Profile

(Free Report)

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.