Arizona State Retirement System Has $54.71 Million Stock Position in Qualcomm Incorporated $QCOM

Arizona State Retirement System increased its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 296,072 shares of the wireless technology company’s stock after acquiring an additional 4,822 shares during the period. Arizona State Retirement System’s holdings in Qualcomm were worth $54,711,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its stake in Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after purchasing an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. purchased a new stake in shares of Qualcomm in the fourth quarter worth approximately $31,000. ABS Investment Management LLC bought a new position in shares of Qualcomm in the second quarter valued at approximately $34,000. Commonwealth Retirement Investments LLC bought a new position in shares of Qualcomm in the fourth quarter valued at approximately $32,000. Finally, Your Advocates Ltd. LLP purchased a new position in shares of Qualcomm during the first quarter valued at approximately $26,000. Institutional investors own 74.35% of the company’s stock.

Qualcomm Stock Performance

Qualcomm stock traded up $5.35 during mid-day trading on Tuesday, reaching $174.09. 26,063,599 shares of the company’s stock were exchanged, compared to its average volume of 15,614,166. The business’s fifty day simple moving average is $168.65 and its 200 day simple moving average is $170.04. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The firm has a market capitalization of $182.83 billion, a PE ratio of 20.15, a P/E/G ratio of 3.52 and a beta of 1.68.

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

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.1%. Qualcomm’s dividend payout ratio is presently 42.59%.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon partnership expands Qualcomm into AI data centers: Qualcomm will develop customized silicon for AWS, initially targeting AI inference workloads. The agreement gives Qualcomm a high-profile customer and strengthens its position beyond smartphones, where growth has been pressured. Qualcomm partners with Amazon in data center infrastructure deal
• Positive Sentiment: Broad scope could support long-term revenue growth: The collaboration spans multiple product generations and includes Qualcomm’s advanced optical-connectivity solutions for high-bandwidth data-center interconnects. Reports described the opportunity as potentially worth about $60 billion, although the figure represents the anticipated scale of the relationship rather than confirmed near-term revenue. Qualcomm announces collaboration with Amazon
• Positive Sentiment: Investors see a new growth catalyst: Analysts and market commentators characterized the AWS relationship as a significant credibility boost for Qualcomm’s data-center ambitions. It also supports expectations that the company’s data-center revenue could become a material business over the next several years. Qualcomm rises on Amazon AI silicon deal
• Positive Sentiment: Potential strategic alignment with AWS: Amazon reportedly granted Qualcomm a right to purchase approximately $4 billion of Qualcomm stock through a warrant covering about 25 million shares. The arrangement could deepen the commercial relationship and provide demand visibility, though it also creates possible future dilution. Qualcomm strikes AI chip deal with Amazon
• Neutral Sentiment: Execution remains key: Qualcomm must successfully design and deliver competitive custom AI chips and optical products, while converting a long-term collaboration into recognized revenue. The warrant could also dilute existing shareholders if exercised.
• Negative Sentiment: Near-term fundamentals remain mixed: Qualcomm’s latest reported quarter included an EPS miss and year-over-year revenue decline, underscoring that the AWS opportunity is primarily a future growth narrative rather than an immediate improvement to reported results.

Insider Buying and Selling

In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president directly owned 36,535 shares of the company’s stock, valued at $5,372,106.40. This represents a 8.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 208 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $35,360.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 11,533 shares of company stock worth $1,961,219. Insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on QCOM shares. Oppenheimer set a $200.00 price target on Qualcomm in a report on Monday, July 27th. Dbs Bank raised shares of Qualcomm to a “moderate buy” rating in a report on Tuesday, July 7th. Evercore set a $159.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Mizuho increased their target price on shares of Qualcomm from $170.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Finally, Robert W. Baird set a $400.00 price target on shares of Qualcomm in a research report on Thursday, July 30th. Two 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm currently has an average rating of “Hold” and an average target price of $203.76.

Qualcomm Company 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.