Louisiana State Employees Retirement System Has $22.01 Million Position in QUALCOMM Incorporated $QCOM

Louisiana State Employees Retirement System reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 138,200 shares of the wireless technology company's stock after selling 2,100 shares during the quarter. Louisiana State Employees Retirement System's holdings in QUALCOMM were worth $22,010,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sax Wealth Advisors LLC lifted its holdings in QUALCOMM by 16.1% in the 2nd quarter. Sax Wealth Advisors LLC now owns 1,774 shares of the wireless technology company's stock worth $282,000 after purchasing an additional 246 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in QUALCOMM by 2.9% in the 2nd quarter. Venturi Wealth Management LLC now owns 105,638 shares of the wireless technology company's stock worth $16,824,000 after purchasing an additional 2,934 shares during the last quarter. WestEnd Advisors LLC lifted its holdings in QUALCOMM by 18.2% in the 2nd quarter. WestEnd Advisors LLC now owns 145,225 shares of the wireless technology company's stock worth $23,129,000 after purchasing an additional 22,382 shares during the last quarter. Canopy Partners LLC lifted its holdings in QUALCOMM by 4.9% in the 2nd quarter. Canopy Partners LLC now owns 3,890 shares of the wireless technology company's stock worth $620,000 after purchasing an additional 181 shares during the last quarter. Finally, SGL Investment Advisors Inc. acquired a new stake in QUALCOMM in the 2nd quarter worth approximately $342,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM opened at $165.46 on Wednesday. The business has a fifty day simple moving average of $159.73 and a 200 day simple moving average of $153.39. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $178.53 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 2.46 and a beta of 1.23. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.QUALCOMM's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on QCOM shares. JPMorgan Chase & Co. boosted their target price on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a report on Saturday, September 27th. Mizuho cut their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Arete Research set a $200.00 price target on QUALCOMM in a report on Tuesday, August 26th. Finally, Bank of America cut their price target on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, QUALCOMM has a consensus rating of "Moderate Buy" and an average price target of $182.82.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the transaction, the chief financial officer directly owned 39,874 shares in the company, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the transaction, the insider owned 21,193 shares of the company's stock, valued at $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,767 shares of company stock valued at $26,322,745 in the last ninety days. 0.08% of the stock is currently owned by insiders.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.