New York State Teachers Retirement System Trims Holdings in Qualcomm Incorporated $QCOM

New York State Teachers Retirement System lessened its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 3.7% during the 1st quarter, Holdings Channel reports. The fund owned 893,069 shares of the wireless technology company’s stock after selling 34,609 shares during the quarter. New York State Teachers Retirement System’s holdings in Qualcomm were worth $115,009,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. World Investment Advisors boosted its stake in shares of Qualcomm by 14.3% in the 4th quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock valued at $11,103,000 after buying an additional 8,130 shares during the period. MUFG Securities EMEA plc increased its stake in shares of Qualcomm by 112.2% during the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock worth $7,524,000 after buying an additional 23,262 shares during the period. Swedbank AB raised its stake in Qualcomm by 1.5% in the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock valued at $262,291,000 after buying an additional 23,110 shares in the last quarter. NBC Securities Inc. raised its position in shares of Qualcomm by 47.5% during the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock worth $3,197,000 after acquiring an additional 6,018 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Qualcomm by 5.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock worth $24,578,000 after purchasing an additional 7,804 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

QCOM has been the subject of several research analyst reports. Freedom Capital downgraded shares of Qualcomm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Bank of America upped their price target on shares of Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a research report on Tuesday, June 23rd. Melius Research set a $220.00 price objective on shares of Qualcomm in a research note on Monday, May 18th. Summit Insights raised shares of Qualcomm from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Finally, Daiwa Securities Group raised Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price target on the stock in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $220.45.

Insider Activity at Qualcomm

In other news, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the sale, the chief executive officer owned 197,568 shares of the company’s stock, valued at $35,562,240. The trade was a 4.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the transaction, the executive vice president directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,721 shares of company stock valued at $3,918,290 in the last 90 days. Insiders own 0.05% of the company’s stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Erste Group Bank slightly raised its FY2027 EPS estimate for Qualcomm, signaling modestly better earnings expectations for the wireless chipmaker. Erste Group Bank lifts FY2027 earnings estimate for Qualcomm
• Neutral Sentiment: Qualcomm was removed from several Russell growth and value indices, which can affect passive-fund ownership and trading flows, but does not change the company’s fundamentals. QUALCOMM (QCOM) Stock Just Lost Its Place In Several Russell Indices
• Neutral Sentiment: Some Wall Street commentary continues to frame Qualcomm as a secondary AI winner rather than a top “AI darling,” adding to debate over how much upside is already priced in. Qualcomm Stock: Not The Next AI Darling (Rating Downgrade)
• Negative Sentiment: Google reportedly chose MediaTek for its Triggerfish TPU work, potentially at Qualcomm’s expense and raising concerns about lost semiconductor design opportunities. Google taps MediaTek to build Triggerfish TPU
• Negative Sentiment: Elon Musk denied reports that SpaceX’s prototype AI device would use Qualcomm Snapdragon chips, removing a speculative catalyst that had helped sentiment earlier. QCOM Stock Slips Toward Fourth Straight Loss After Elon Musk Dismisses Reports
• Negative Sentiment: Broader tech and chip stocks were also weaker as investors rotated out of the sector and interest-rate worries weighed on momentum. SpaceX teases AI device post-IPO; QCOM gains, Apple unfazed

Qualcomm Stock Performance

NASDAQ:QCOM opened at $176.25 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The stock has a market cap of $185.77 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 5.41 and a beta of 1.63. The firm’s fifty day simple moving average is $204.84 and its 200-day simple moving average is $167.89.

Qualcomm (NASDAQ:QCOM) last announced 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 firm had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts expect that Qualcomm Incorporated will post 7.96 earnings per share for the current fiscal year.

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

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.