State of Alaska Department of Revenue Has $33.78 Million Holdings in QUALCOMM Incorporated $QCOM

State of Alaska Department of Revenue lessened its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 203,030 shares of the wireless technology company’s stock after selling 7,495 shares during the period. State of Alaska Department of Revenue’s holdings in QUALCOMM were worth $33,775,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. waypoint wealth counsel grew its holdings in shares of QUALCOMM by 2.2% during the 3rd quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock valued at $476,000 after purchasing an additional 61 shares during the last quarter. Baron Wealth Management LLC lifted its stake in QUALCOMM by 4.5% in the 3rd quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock valued at $238,000 after purchasing an additional 62 shares during the last quarter. Avion Wealth boosted its position in QUALCOMM by 16.7% in the second quarter. Avion Wealth now owns 441 shares of the wireless technology company’s stock valued at $70,000 after buying an additional 63 shares in the last quarter. Insight Advisors LLC PA grew its stake in shares of QUALCOMM by 1.8% during the second quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company’s stock worth $556,000 after buying an additional 63 shares during the last quarter. Finally, Capital Advantage Inc. increased its holdings in shares of QUALCOMM by 2.8% during the second quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company’s stock worth $375,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the topic of several recent research reports. Mizuho set a $175.00 price objective on QUALCOMM in a report on Friday. Citigroup increased their target price on QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Wells Fargo & Company boosted their price target on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $191.56.

QUALCOMM Trading Up 0.9%

Shares of QCOM stock opened at $181.87 on Friday. The stock has a market cap of $194.78 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 3.95 and a beta of 1.21. The stock has a 50-day moving average of $173.31 and a 200-day moving average of $165.20. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Insider Transactions at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $276,592.00. Following the sale, the insider directly owned 19,593 shares of the company’s stock, valued at approximately $3,387,041.91. This represents a 7.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the 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 sale, the executive vice president owned 26,071 shares of the company’s stock, valued at approximately $4,640,898.71. This trade represents a 37.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 53,155 shares of company stock worth $9,267,593. Company insiders own 0.08% of the company’s stock.

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.