Qualcomm Incorporated $QCOM Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 19.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 243,769 shares of the wireless technology company’s stock after purchasing an additional 39,648 shares during the quarter. Qualcomm accounts for approximately 0.5% of Illinois Municipal Retirement Fund’s investment portfolio, making the stock its 24th biggest holding. Illinois Municipal Retirement Fund’s holdings in Qualcomm were worth $41,697,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Certified Advisory Corp increased its holdings in Qualcomm by 0.6% in the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after buying an additional 62 shares during the period. ProVise Management Group LLC lifted its position in Qualcomm by 2.6% during the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock valued at $426,000 after purchasing an additional 64 shares during the period. Baker Tilly Wealth Management LLC boosted its holdings in Qualcomm by 1.0% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock valued at $1,095,000 after purchasing an additional 64 shares during the last quarter. Dakota Community Bank & Trust NA boosted its holdings in Qualcomm by 3.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock valued at $316,000 after purchasing an additional 65 shares during the last quarter. Finally, Burns J W & Co. Inc. NY grew its position in Qualcomm by 2.1% during the 4th quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock worth $556,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Activity at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the sale, the executive vice president owned 39,735 shares of the company’s stock, valued at $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 19,306 shares of company stock valued at $3,435,583. Insiders own 0.05% of the company’s stock.

Qualcomm Stock Performance

NASDAQ QCOM opened at $191.20 on Thursday. The stock has a market capitalization of $201.52 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 25.41 and a beta of 1.59. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average of $181.26 and a 200 day moving average of $164.25.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.Qualcomm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts anticipate that Qualcomm Incorporated will post 8 EPS for the current fiscal year.

Qualcomm announced that its Board of Directors has approved a stock buyback program on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Qualcomm Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Thursday, June 4th. Qualcomm’s dividend payout ratio (DPR) is currently 40.00%.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Nvidia CEO Jensen Huang publicly endorsed Qualcomm, saying investors should “buy their stock,” which helped spark after-hours buying and lifted sentiment around QCOM’s AI and mobile-chip strategy. Qualcomm shares rise 2% after Nvidia CEO endorses the stock
• Positive Sentiment: Qualcomm continues to expand beyond smartphones, including a new AI-powered enterprise conference platform with Primax and collaboration with SLB on edge AI solutions, reinforcing its push into higher-growth non-mobile markets. Qualcomm’s Edge AI Push Into Enterprise Meeting Rooms Faces Valuation Hurdles
• Neutral Sentiment: Broker coverage remains lukewarm, with Qualcomm receiving an average “Hold” rating, suggesting Wall Street sees limited near-term upside despite its strategic initiatives.
• Negative Sentiment: The stock is being hit by a broader semiconductor selloff, with reports pointing to sector-wide correction and profit-taking after a multi-month AI rally. Qualcomm Slips, Shorter-Term Momentum Cools From Roller Coaster AI Highs
• Negative Sentiment: Semiconductor peers and mobile-chip stocks were also weaker, including Arm and Marvell, reinforcing that the move in QCOM appears driven more by sector weakness than company-specific fundamentals. Qualcomm Drops 6%, Arm Holdings Falls 5% as Mobile-Chip Stocks Slide in the Selloff
• Negative Sentiment: Recent headlines also flagged Qualcomm as underperforming competitors, suggesting investors are favoring other chip names in the current market rotation. Qualcomm Inc. stock underperforms Tuesday when compared to competitors

Analyst Ratings Changes

A number of equities analysts have weighed in on QCOM shares. UBS Group lowered Qualcomm from a “neutral” rating to an “underperform” rating in a research note on Friday, May 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $140.00 target price (down from $175.00) on shares of Qualcomm in a report on Thursday, March 26th. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 price target on shares of Qualcomm in a research report on Thursday, April 30th. BNP Paribas Exane downgraded Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. Finally, Oppenheimer cut shares of Qualcomm from a “market perform” rating to a “market perform” rating in a research note on Friday, May 8th. Fourteen research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Qualcomm presently has a consensus rating of “Hold” and an average target price of $181.79.

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.