California Public Employees Retirement System Has $521.45 Million Stock Position in Qualcomm Incorporated $QCOM

California Public Employees Retirement System increased its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 5.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,134,477 shares of the wireless technology company’s stock after acquiring an additional 172,771 shares during the period. California Public Employees Retirement System owned about 0.29% of Qualcomm worth $521,452,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC grew its stake in shares of Qualcomm by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after buying an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Qualcomm by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after acquiring an additional 340 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Qualcomm by 44.3% in the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after acquiring an additional 1,020 shares during the last quarter. CFO4Life Group LLC lifted its stake in Qualcomm by 9.6% in the second quarter. CFO4Life Group LLC now owns 4,439 shares of the wireless technology company’s stock valued at $707,000 after acquiring an additional 390 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Qualcomm by 6.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 269,092 shares of the wireless technology company’s stock valued at $42,856,000 after acquiring an additional 16,164 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Stock Performance

NASDAQ QCOM opened at $129.82 on Friday. The stock has a market cap of $138.52 billion, a PE ratio of 26.82, a P/E/G ratio of 6.48 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. The firm has a 50-day moving average of $149.54 and a 200-day moving average of $162.36. Qualcomm Incorporated has a 52-week low of $120.80 and a 52-week 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. The business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. Qualcomm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, sell-side analysts anticipate that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. Qualcomm’s dividend payout ratio is presently 73.55%.

Insider Transactions at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 10,000 shares of Qualcomm stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the completion of the sale, the executive vice president directly owned 44,803 shares of the company’s stock, valued at approximately $7,845,901.36. This trade represents a 18.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the sale, the executive vice president owned 26,071 shares of the company’s stock, valued at $4,640,898.71. This trade represents a 37.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,501 shares of company stock worth $7,784,198 in the last ninety days. 0.05% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $200.00 price objective on shares of Qualcomm in a research note on Monday, February 2nd. JPMorgan Chase & Co. cut their target price on shares of Qualcomm from $195.00 to $185.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Loop Capital raised Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price target on the stock in a research report on Tuesday, February 24th. Bank of America started coverage on Qualcomm in a research note on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 price objective on the stock. Finally, Morgan Stanley started coverage on Qualcomm in a research report on Tuesday, February 10th. They issued an “underweight” rating and a $132.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $168.00.

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.