California Public Employees Retirement System Acquires 172,771 Shares of Qualcomm Incorporated $QCOM

California Public Employees Retirement System increased its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,134,477 shares of the wireless technology company’s stock after buying an additional 172,771 shares during the period. California Public Employees Retirement System’s holdings in Qualcomm were worth $521,452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted 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 valued at $26,000 after acquiring an additional 65 shares during the period. Cloud Capital Management LLC acquired a new stake in shares of Qualcomm during the 3rd quarter worth $27,000. Winnow Wealth LLC bought a new position in shares of Qualcomm in the second quarter worth $32,000. Lavaca Capital LLC acquired a new position in Qualcomm in the second quarter valued at about $32,000. Finally, Howard Hughes Medical Institute acquired a new position in Qualcomm in the second quarter valued at about $38,000. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the completion of the transaction, the executive vice president owned 44,803 shares of the company’s stock, valued at approximately $7,845,901.36. This trade represents a 18.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of Qualcomm stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the transaction, the executive vice president owned 26,071 shares in the company, valued at approximately $4,640,898.71. This trade represents a 37.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 45,501 shares of company stock valued at $7,784,198. Insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Qualcomm from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Morgan Stanley began coverage on shares of Qualcomm in a research report on Tuesday, February 10th. They issued an “underweight” rating and a $132.00 target price for the company. Susquehanna downgraded shares of Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 price target for the company. in a report on Thursday, February 5th. Piper Sandler reiterated an “overweight” rating and set a $200.00 price target on shares of Qualcomm in a research report on Thursday, February 5th. Finally, Robert W. Baird set a $177.00 price objective on shares of Qualcomm in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $168.00.

Qualcomm Price Performance

Qualcomm stock opened at $129.82 on Friday. The stock has a 50-day moving average price of $149.54 and a two-hundred day moving average price of $162.36. Qualcomm Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The company has a market capitalization of $138.52 billion, a PE ratio of 26.82, a P/E/G ratio of 6.48 and a beta of 1.25. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The company had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. During the same period in the previous year, the business posted $3.41 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Analysts expect that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, March 5th. Qualcomm’s payout ratio is presently 73.55%.

Qualcomm Profile

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.