State of Wisconsin Investment Board Sells 19,922 Shares of Qualcomm Incorporated $QCOM

State of Wisconsin Investment Board trimmed its position in Qualcomm Incorporated (NASDAQ:QCOM) by 3.5% during the fourth quarter, Holdings Channel reports. The firm owned 556,143 shares of the wireless technology company’s stock after selling 19,922 shares during the quarter. State of Wisconsin Investment Board’s holdings in Qualcomm were worth $95,128,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of QCOM. Richardson Financial Services Inc. raised its holdings in shares of Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after purchasing an additional 80 shares during the period. Torren Management LLC acquired a new position in shares of Qualcomm during the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 worth $29,000 after acquiring an additional 170 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its holdings in shares of Qualcomm by 113.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock worth $32,000 after acquiring an additional 101 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of Qualcomm during the 4th quarter worth approximately $32,000. 74.35% of the stock is owned by institutional investors.

Qualcomm Stock Down 3.1%

Qualcomm stock opened at $214.07 on Wednesday. The stock has a market cap of $225.63 billion, a P/E ratio of 23.27, a P/E/G ratio of 27.32 and a beta of 1.59. 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 twelve month low of $121.99 and a twelve month high of $259.92. The company’s 50-day moving average price is $188.06 and its two-hundred day moving average price is $165.60.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. The firm had revenue of $10.60 billion for 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 was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, analysts expect that Qualcomm Incorporated will post 8 EPS for the current year.

Qualcomm announced that its board has authorized a share repurchase plan on Tuesday, March 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Qualcomm Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a yield of 1.7%. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s payout ratio is currently 40.00%.

Insider Activity at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm 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 sale, the executive vice president directly owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction that occurred on 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. Insiders sold 21,806 shares of company stock valued at $3,928,958 in the last 90 days. Insiders own 0.05% of the company’s stock.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm launched a new AI data center program with a major hyperscaler, signaling a deeper move into AI infrastructure and custom silicon. Initial shipments are planned for the December quarter. Qualcomm (QCOM) Launches New AI Data Center Program With A Major Hyperscaler
• Positive Sentiment: CEO Cristiano Amon said Qualcomm is working on 40+ AI-powered devices, including wearables, earbuds, pins, watches, and jewelry, reinforcing the company’s strategy to expand beyond the smartphone market. Qualcomm CEO says AI agents will replace apps — as chip giant works on 40 new AI-powered devices
• Positive Sentiment: Analysts and market commentators highlighted Qualcomm as an AI chip beneficiary, with growing interest in its server CPU and data-center ambitions helping offset worries about slower handset growth. Focus on 5 AI Behemoths Carving a Niche in the Server CPU Chip Market
• Neutral Sentiment: Reports that Qualcomm is in talks to acquire AI chip startup Tenstorrent added to the AI strategy narrative, but the deal is still unconfirmed and the valuation could be significant. Qualcomm in talks to buy Tenstorrent, The Information reports
• Negative Sentiment: Despite the AI optimism, Qualcomm also dipped more than the broader market in the latest session, suggesting some investors are taking profits after a strong run and waiting for clearer execution on the new growth initiatives. Qualcomm (QCOM) Dips More Than Broader Market: What You Should Know

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Seaport Research Partners reissued a “sell” rating and set a $100.00 target price on shares of Qualcomm in a report on Monday, March 16th. Evercore set a $179.00 target price on Qualcomm in a report on Thursday, April 30th. Tigress Financial boosted their target price on Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Bank of America assumed coverage on Qualcomm in a report on Tuesday, March 10th. They set an “underperform” rating and a $145.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a report on Friday, March 27th. Fifteen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Qualcomm currently has an average rating of “Hold” and an average target price of $184.29.

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.