Illinois Municipal Retirement Fund Trims Stock Holdings in QUALCOMM Incorporated $QCOM

Illinois Municipal Retirement Fund decreased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,121 shares of the wireless technology company’s stock after selling 10,375 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in QUALCOMM were worth $33,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. ICW Investment Advisors LLC grew its holdings in QUALCOMM by 6.4% during the 3rd quarter. ICW Investment Advisors LLC now owns 6,424 shares of the wireless technology company’s stock valued at $1,069,000 after buying an additional 385 shares in the last quarter. Varma Mutual Pension Insurance Co boosted its position in shares of QUALCOMM by 8.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 187,971 shares of the wireless technology company’s stock valued at $31,271,000 after acquiring an additional 15,100 shares during the period. Sound Shore Management Inc CT purchased a new position in QUALCOMM during the third quarter valued at approximately $94,568,000. Cornerstone Investment Partners LLC increased its holdings in QUALCOMM by 0.3% during the 3rd quarter. Cornerstone Investment Partners LLC now owns 256,994 shares of the wireless technology company’s stock worth $42,754,000 after acquiring an additional 773 shares during the period. Finally, Drake & Associates LLC lifted its stake in QUALCOMM by 51.5% in the 3rd quarter. Drake & Associates LLC now owns 6,154 shares of the wireless technology company’s stock worth $1,106,000 after purchasing an additional 2,092 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Up 0.7%

QCOM opened at $141.04 on Thursday. The business’s fifty day simple moving average is $165.26 and its 200 day simple moving average is $164.56. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. 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 stock has a market cap of $150.49 billion, a PE ratio of 29.14, a P/E/G ratio of 6.93 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. The company had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. QUALCOMM had a return on equity of 44.09% and a net margin of 11.96%.QUALCOMM’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $3.41 EPS. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, March 5th. QUALCOMM’s payout ratio is presently 73.55%.

Insider Transactions at QUALCOMM

In other news, EVP Ann C. Chaplin sold 7,180 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the sale, the executive vice president owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. This represents a 23.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the transaction, the executive vice president owned 35,599 shares in the company, valued at approximately $4,900,202.35. The trade was a 8.56% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 46,217 shares of company stock worth $7,901,275. Corporate insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on QCOM. JPMorgan Chase & Co. reduced their price target on shares of QUALCOMM from $195.00 to $185.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Mizuho dropped their price objective on QUALCOMM from $160.00 to $140.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Bank of America cut QUALCOMM from a “buy” rating to a “neutral” rating and set a $155.00 target price for the company. in a research report on Thursday, February 5th. Citigroup restated a “neutral” rating on shares of QUALCOMM in a research note on Thursday, January 15th. Finally, Daiwa Securities Group cut QUALCOMM from an “outperform” rating to a “neutral” rating and set a $140.00 price target on the stock. in a report on Wednesday. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $164.67.

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.