New York State Teachers Retirement System Grows Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• The New York State Teachers Retirement System increased its stake in QUALCOMM Incorporated by 0.3%, owning approximately 1,011,551 shares worth about $161 million.
• Several institutional investors significantly increased their positions in QUALCOMM, with Kingstone Capital Partners boosting its stake by an extraordinary 656,661% to over 58 million shares.
• Analysts set various price targets for QUALCOMM, with Arete Research proposing a target of $200, indicating a positive outlook for the company's stock.

New York State Teachers Retirement System boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,011,551 shares of the wireless technology company's stock after acquiring an additional 3,034 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of QUALCOMM worth $161,100,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in QCOM. Kingstone Capital Partners Texas LLC boosted its stake in shares of QUALCOMM by 656,661.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock valued at $9,360,274,000 after buying an additional 58,764,593 shares during the last quarter. Nuveen LLC acquired a new stake in shares of QUALCOMM during the 1st quarter valued at approximately $529,713,000. Goldman Sachs Group Inc. raised its position in shares of QUALCOMM by 24.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock valued at $1,114,403,000 after acquiring an additional 1,407,797 shares in the last quarter. Deutsche Bank AG raised its position in shares of QUALCOMM by 11.2% during the 1st quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock valued at $1,331,170,000 after acquiring an additional 875,412 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of QUALCOMM by 84.6% during the 1st quarter. AQR Capital Management LLC now owns 1,544,011 shares of the wireless technology company's stock valued at $230,444,000 after acquiring an additional 707,615 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction 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. This trade represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Cristiano R. Amon sold 150,000 shares of the firm's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the transaction, the chief executive officer directly owned 149,304 shares of the company's stock, valued at $24,718,770.24. This represents a 50.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 159,767 shares of company stock valued at $26,322,745. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on QCOM shares. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a research report on Tuesday, August 26th. Piper Sandler dropped their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Finally, Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Trading Up 0.8%

NASDAQ:QCOM opened at $162.97 on Thursday. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. The stock has a market cap of $175.84 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 2.36 and a beta of 1.23. The business has a fifty day moving average of $161.32 and a 200-day moving average of $153.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

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

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.

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