Arizona State Retirement System Increases Stake in Qualcomm Incorporated $QCOM

Arizona State Retirement System boosted its position in Qualcomm Incorporated (NASDAQ:QCOM) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 296,072 shares of the wireless technology company’s stock after acquiring an additional 4,822 shares during the period. Arizona State Retirement System’s holdings in Qualcomm were worth $54,711,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC increased its stake in shares of Qualcomm by 3.4% in the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock worth $295,000 after purchasing an additional 53 shares in the last quarter. Wall Street Financial Group Inc. boosted its holdings in Qualcomm by 1.9% in the 2nd quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock worth $564,000 after buying an additional 57 shares during the period. Sunbeam Capital Management LLC boosted its holdings in Qualcomm by 3.7% in the 2nd quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock worth $303,000 after buying an additional 58 shares during the period. Basepoint Wealth LLC grew its stake in Qualcomm by 1.8% in the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after buying an additional 59 shares in the last quarter. Finally, Five Oceans Advisors grew its stake in Qualcomm by 3.3% in the 2nd quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company’s stock valued at $338,000 after buying an additional 59 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon partnership expands Qualcomm into AI data centers: Qualcomm will develop customized silicon for AWS, initially targeting AI inference workloads. The agreement gives Qualcomm a high-profile customer and strengthens its position beyond smartphones, where growth has been pressured. Qualcomm partners with Amazon in data center infrastructure deal
• Positive Sentiment: Broad scope could support long-term revenue growth: The collaboration spans multiple product generations and includes Qualcomm’s advanced optical-connectivity solutions for high-bandwidth data-center interconnects. Reports described the opportunity as potentially worth about $60 billion, although the figure represents the anticipated scale of the relationship rather than confirmed near-term revenue. Qualcomm announces collaboration with Amazon
• Positive Sentiment: Investors see a new growth catalyst: Analysts and market commentators characterized the AWS relationship as a significant credibility boost for Qualcomm’s data-center ambitions. It also supports expectations that the company’s data-center revenue could become a material business over the next several years. Qualcomm rises on Amazon AI silicon deal
• Positive Sentiment: Potential strategic alignment with AWS: Amazon reportedly granted Qualcomm a right to purchase approximately $4 billion of Qualcomm stock through a warrant covering about 25 million shares. The arrangement could deepen the commercial relationship and provide demand visibility, though it also creates possible future dilution. Qualcomm strikes AI chip deal with Amazon
• Neutral Sentiment: Execution remains key: Qualcomm must successfully design and deliver competitive custom AI chips and optical products, while converting a long-term collaboration into recognized revenue. The warrant could also dilute existing shareholders if exercised.
• Negative Sentiment: Near-term fundamentals remain mixed: Qualcomm’s latest reported quarter included an EPS miss and year-over-year revenue decline, underscoring that the AWS opportunity is primarily a future growth narrative rather than an immediate improvement to reported results.

Analysts Set New Price Targets

Several research firms have issued reports on QCOM. Wells Fargo & Company dropped their target price on Qualcomm from $265.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Bank of America boosted their price objective on Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a research note on Tuesday, June 23rd. Susquehanna dropped their price objective on Qualcomm from $190.00 to $160.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Lake Street Capital downgraded Qualcomm to a “hold” rating in a research note on Thursday, June 25th. Finally, Morgan Stanley reduced their target price on Qualcomm from $231.00 to $220.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $203.76.

Insider Buying and Selling at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the transaction, the executive vice president owned 20,684 shares of the company’s stock, valued at $3,376,869.84. This represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 208 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $170.00, for a total value of $35,360.00. 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 11,533 shares of company stock worth $1,961,219 over the last three months. 0.05% of the stock is owned by insiders.

Qualcomm Price Performance

Qualcomm stock traded up $5.35 during midday trading on Tuesday, hitting $174.09. 26,063,599 shares of the company’s stock were exchanged, compared to its average volume of 15,614,166. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The stock has a 50-day moving average price of $168.65 and a two-hundred day moving average price of $170.04. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The company has a market cap of $182.83 billion, a P/E ratio of 20.15, a PEG ratio of 3.52 and a beta of 1.68.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities research analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.1%. Qualcomm’s payout ratio is presently 42.59%.

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.