Qualcomm Incorporated $QCOM Shares Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board raised its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,057 shares of the wireless technology company’s stock after purchasing an additional 3,500 shares during the period. New Mexico Educational Retirement Board’s holdings in Qualcomm were worth $9,804,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mufg Securities Americas Inc. grew its position in shares of Qualcomm by 7.5% in the second quarter. Mufg Securities Americas Inc. now owns 31,745 shares of the wireless technology company’s stock valued at $5,866,000 after purchasing an additional 2,221 shares during the period. Van ECK Associates Corp raised its position in shares of Qualcomm by 22.7% during the 2nd quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock worth $3,178,872,000 after purchasing an additional 3,179,720 shares during the last quarter. Monetta Financial Services Inc. acquired a new position in shares of Qualcomm during the 2nd quarter worth about $869,000. Ferguson Wellman Capital Management Inc. lifted its stake in Qualcomm by 78.7% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 11,618 shares of the wireless technology company’s stock valued at $2,147,000 after buying an additional 5,115 shares in the last quarter. Finally, Nissay Asset Management Corp Japan lifted its stake in Qualcomm by 8.7% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 492,576 shares of the wireless technology company’s stock valued at $91,023,000 after buying an additional 39,608 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm Price Performance

Qualcomm stock opened at $164.19 on Friday. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The stock has a market cap of $172.44 billion, a P/E ratio of 19.00, a PEG ratio of 15.21 and a beta of 1.65. The company has a 50-day moving average price of $172.49 and a 200 day moving average price of $168.64. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s payout ratio is presently 42.59%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Zacks Research upgraded Qualcomm from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Evercore set a $159.00 target price on Qualcomm in a research report on Thursday, July 30th. Guggenheim set a $200.00 price target on Qualcomm in a research note on Monday, June 22nd. Benchmark dropped their price target on Qualcomm from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Finally, Freedom Capital raised Qualcomm from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Qualcomm currently has an average rating of “Hold” and a consensus price target of $203.76.

Insider Activity

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares of the company’s stock, valued at $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the sale, the executive vice president owned 20,684 shares in the company, valued at $3,376,869.84. This represents a 10.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 11,325 shares of company stock valued at $1,925,859. 0.05% of the stock is currently owned by company insiders.

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.