New Mexico Educational Retirement Board grew its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 7.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,057 shares of the wireless technology company's stock after buying an additional 3,500 shares during the period. New Mexico Educational Retirement Board's holdings in Qualcomm were worth $9,804,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Torren Management LLC acquired a new stake in Qualcomm in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its position in shares of Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after purchasing an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new stake in shares of Qualcomm during the 4th quarter valued at $31,000. ABS Investment Management LLC purchased a new stake in shares of Qualcomm during the 2nd quarter valued at $34,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of Qualcomm in the 4th quarter worth $32,000. Institutional investors own 74.35% of the company's stock.
Qualcomm Trading Down 0.4%
Qualcomm stock opened at $164.19 on Friday. The firm has a market cap of $172.44 billion, a PE ratio of 19.00, a P/E/G ratio of 15.21 and a beta of 1.65. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The stock's 50 day simple moving average is $172.49 and its two-hundred day simple moving average is $168.64. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.
Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its 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). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. During the same period last year, the firm earned $2.77 earnings per share. Qualcomm's revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current year.
Qualcomm Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. Qualcomm's payout ratio is presently 42.59%.
Wall Street Analyst Weigh In
QCOM has been the topic of several recent analyst reports. The Goldman Sachs Group set a $160.00 target price on Qualcomm in a research report on Thursday, July 30th. Bank of America increased their price objective on shares of Qualcomm from $165.00 to $195.00 and gave the company an "underperform" rating in a research report on Tuesday, June 23rd. DZ Bank upgraded shares of Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 target price for the company in a research note on Friday, June 26th. JPMorgan Chase & Co. boosted their target price on shares of Qualcomm from $160.00 to $265.00 and gave the stock a "neutral" rating in a research report on Friday, June 5th. Finally, Melius Research set a $220.00 price target on shares of Qualcomm in a research note on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $203.76.
View Our Latest Stock Analysis on Qualcomm
Insiders Place Their Bets
In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the transaction, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. The trade was a 8.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of the company's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the transaction, the chief accounting officer directly owned 208 shares of the company's stock, valued at $33,872.80. The trade was a 75.03% 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 quarter, insiders sold 11,325 shares of company stock worth $1,925,859. Company insiders own 0.05% of the company's stock.
Qualcomm Profile
(
Free Report)
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.
Further Reading
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