Teacher Retirement System of Texas Decreases Stake in Qualcomm Incorporated $QCOM

Teacher Retirement System of Texas lowered its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 10.8% in the 4th quarter, Holdings Channel reports. The firm owned 372,548 shares of the wireless technology company’s stock after selling 45,097 shares during the period. Teacher Retirement System of Texas’ holdings in Qualcomm were worth $63,724,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of QCOM. Inscription Capital LLC increased its position in Qualcomm by 58.1% in the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock worth $2,172,000 after buying an additional 4,799 shares in the last quarter. Savvy Advisors Inc. increased its position in Qualcomm by 43.3% in the fourth quarter. Savvy Advisors Inc. now owns 19,102 shares of the wireless technology company’s stock worth $3,267,000 after buying an additional 5,776 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Qualcomm by 1.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company’s stock worth $167,082,000 after buying an additional 16,738 shares in the last quarter. Simplify Asset Management Inc. purchased a new stake in Qualcomm in the third quarter worth about $725,000. Finally, First National Trust Co increased its position in Qualcomm by 9.4% in the third quarter. First National Trust Co now owns 57,687 shares of the wireless technology company’s stock worth $9,597,000 after buying an additional 4,976 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Stock Performance

NASDAQ QCOM opened at $136.07 on Thursday. The firm has a market cap of $145.19 billion, a price-to-earnings ratio of 28.11 and a beta of 1.28. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $134.26 and a 200-day moving average price of $155.73. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $205.95.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The company had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. During the same period in the prior year, the company earned $3.41 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities research analysts predict that Qualcomm Incorporated will post 8.25 EPS for the current fiscal year.

Qualcomm announced that its Board of Directors has authorized 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 usually an indication that the company’s board believes its stock is undervalued.

Qualcomm Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio is 73.55%.

Insider Activity at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $130.34, for a total value of $325,850.00. Following the completion of the sale, the executive vice president owned 30,684 shares in the company, valued at approximately $3,999,352.56. The trade was a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,118 shares of company stock valued at $1,233,705 over the last ninety days. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of analyst reports. Wells Fargo & Company upgraded Qualcomm from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $135.00 to $185.00 in a research report on Tuesday, February 24th. Bank of America initiated coverage on Qualcomm in a research report on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 price target for the company. Mizuho reduced their price target on Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of Qualcomm in a research note on Thursday, February 5th. Finally, Daiwa Securities Group lowered Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Qualcomm presently has an average rating of “Hold” and a consensus target price of $158.25.

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.