124,500 Shares in Qualcomm Incorporated $QCOM Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 124,500 shares of the wireless technology company’s stock, valued at approximately $16,033,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Qualcomm by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock valued at $19,524,350,000 after acquiring an additional 647,076 shares in the last quarter. Geode Capital Management LLC lifted its position in Qualcomm by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the period. Wellington Management Group LLP lifted its position in Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the period. Norges Bank bought a new position in Qualcomm during the 4th quarter valued at $2,591,056,000. Finally, Amundi boosted its stake in Qualcomm by 9.9% during the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after purchasing an additional 1,138,541 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $130.34, for a total transaction of $325,850.00. Following the transaction, the executive vice president directly owned 30,684 shares in the company, valued at $3,999,352.56. The trade was a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the transaction, the chief executive officer owned 197,568 shares in the company, valued at $35,562,240. This trade represents a 4.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 21,806 shares of company stock valued at $3,928,958. Company 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 lifted its fiscal 2029 non-handset revenue target to $40 billion, roughly double its prior goal, signaling a much bigger opportunity outside mobile chips. Qualcomm Accelerates Diversification with Comprehensive Strategy for Data Center and Sees Multiple Inflection Points Over the Next 3 to 5 Years
• Positive Sentiment: The company set a new data center revenue target of more than $15 billion by fiscal 2029, which investors see as a major AI-driven growth catalyst. Qualcomm Unveils Comprehensive Data Center Roadmap for the Agentic AI Era with New Qualcomm Dragonfly Portfolio
• Positive Sentiment: Qualcomm announced a multi-generation data center CPU agreement with Meta, giving the chipmaker a marquee customer and validating its push into AI infrastructure. Qualcomm and Meta Announce Strategic Multi-Generation Agreement on Data Center CPUs
• Positive Sentiment: Qualcomm also expanded its relationship with Hugging Face and said it will buy AI software firm Modular, moves that should strengthen its software stack and make its AI platform more competitive. Qualcomm and Hugging Face Expand Relationship to Advance Open, Developer-Driven AI from Device to Cloud
• Neutral Sentiment: Analysts broadly turned more constructive, with multiple price-target hikes and a few saying they were too skeptical of Qualcomm’s AI pivot; however, some caution remains about execution in a highly competitive market. QCOM stock jumps as Wall Street embraces Qualcomm’s AI data center pivot — Morgan Stanley says it was ‘wrong to be skeptical’

Analyst Ratings Changes

A number of research firms have recently commented on QCOM. Barclays raised Qualcomm from an “underweight” rating to an “overweight” rating in a research note on Thursday. Wells Fargo & Company raised their target price on Qualcomm from $230.00 to $265.00 and gave the company an “equal weight” rating in a research note on Thursday. Sanford C. Bernstein lifted their target price on Qualcomm from $140.00 to $235.00 and gave the stock a “market perform” rating in a report on Thursday. Rosenblatt Securities boosted their price target on shares of Qualcomm from $190.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Cantor Fitzgerald set a $220.00 price target on shares of Qualcomm and gave the company a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and a consensus target price of $213.03.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $204.90 on Friday. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The stock has a fifty day moving average of $199.96 and a 200-day moving average of $167.69. The company has a market capitalization of $215.96 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 24.50 and a beta of 1.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities analysts anticipate that Qualcomm Incorporated will post 7.98 EPS for the current fiscal year.

Qualcomm announced that its board has initiated a share buyback plan 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 reacquire up to 14.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Qualcomm Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were issued a dividend of $0.92 per share. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, June 4th. Qualcomm’s dividend payout ratio is 40.00%.

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.