Qualcomm Incorporated $QCOM Holdings Cut by Arizona State Retirement System

Key Points

• Arizona State Retirement System trimmed its stake in Qualcomm by 4.7%, selling 14,963 shares and now holds 300,937 shares valued at about $51.48 million.
• Qualcomm's board authorized a $20.0 billion share buyback (up to ~14.5% of shares) and raised the quarterly dividend to $0.92 (annualized $3.68, ~2.7% yield).
• Analyst sentiment is mixed with a consensus rating of Hold and a $158.25 price target amid several recent downgrades, while insiders sold roughly 9,118 shares (~$1.23 million) in the last quarter.

Arizona State Retirement System trimmed its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 300,937 shares of the wireless technology company's stock after selling 14,963 shares during the quarter. Arizona State Retirement System's holdings in Qualcomm were worth $51,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after purchasing an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Qualcomm by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after buying an additional 340 shares during the period. Sivia Capital Partners LLC raised its stake in Qualcomm by 44.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock valued at $530,000 after acquiring an additional 1,020 shares in the last quarter. Main Street Financial Solutions LLC boosted its position in Qualcomm by 6.1% during the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company's stock worth $920,000 after acquiring an additional 333 shares during the period. Finally, Transamerica Financial Advisors LLC grew its stake in shares of Qualcomm by 9.7% in the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company's stock worth $1,083,000 after purchasing an additional 603 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

QCOM has been the subject of several research analyst reports. Mizuho reduced their price objective on shares of Qualcomm from $160.00 to $140.00 and set a "neutral" rating for the company in a report on Thursday, February 5th. Piper Sandler reiterated an "overweight" rating and issued a $200.00 price objective on shares of Qualcomm in a report on Thursday, February 5th. Cantor Fitzgerald cut their target price on Qualcomm from $185.00 to $160.00 and set a "neutral" rating for the company in a research report on Monday, February 2nd. Morgan Stanley initiated coverage on Qualcomm in a research report on Tuesday, February 10th. They set an "underweight" rating and a $132.00 price target on the stock. Finally, Bank of America initiated coverage on Qualcomm in a research note on Tuesday, March 10th. They set an "underperform" rating and a $145.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $158.25.

Insiders Place Their Bets

In related news, EVP Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $137.65, for a total value of $458,787.45. Following the completion of the sale, the executive vice president directly owned 35,599 shares of the company's stock, valued at approximately $4,900,202.35. This represents a 8.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,118 shares of company stock worth $1,233,705 in the last quarter. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Trading Down 1.6%

NASDAQ:QCOM opened at $133.95 on Friday. The stock has a fifty day simple moving average of $134.17 and a 200 day simple moving average of $155.58. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $142.92 billion, a price-to-earnings ratio of 27.68 and a beta of 1.28. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $205.95.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The company had revenue of $12.25 billion during the quarter, compared to analysts' expectations of $12.16 billion. During the same period last year, the company posted $3.41 earnings per share. The business's revenue for the quarter was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 8.25 earnings per share for the current year.

Qualcomm Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.7%. This is a boost from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm's payout ratio is 73.55%.

Qualcomm announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Neutral Sentiment: MSN flags April 29 as an important date for Qualcomm investors — a near‑term event or update that could move the stock depending on guidance or news. Why is April 29 important for Qualcomm investors?
• Negative Sentiment: Barclays reinstated coverage with an Underweight rating and $130 target, signaling limited near‑term upside and reinforcing bearish analyst views on handset exposure. Barclays Reinstates Qualcomm at Underweight With a $130 Target
• Negative Sentiment: Comparisons with peers (Cirrus Logic) paint Qualcomm as the weaker handset play: CRUS is highlighted for stronger stock gains and rising estimates while Qualcomm faces supply constraints and cautious demand forecasts. Cirrus Logic vs. Qualcomm: Which Mobile Chip Stock is the Better Buy?
• Negative Sentiment: Coverage roundups and valuation pieces note a cluster of analyst downgrades citing weak smartphone demand, higher memory costs and few near‑term catalysts — factors pressuring sentiment and the stock’s recent performance. A Look At Qualcomm (QCOM) Valuation As Analyst Downgrades Highlight Handset Weakness And Limited Near Term Catalysts
• Negative Sentiment: Analysts expect a decline in upcoming earnings, lowering the bar for any upside and increasing the risk of another miss should demand softness persist. Analysts Estimate Qualcomm (QCOM) to Report a Decline in Earnings: What to Look Out for
• Negative Sentiment: Market writeups tie the intraday selloff to these analyst actions and cautious guidance, explaining why QCOM underperformed the broader market recently. Why Qualcomm (QCOM) Dipped More Than Broader Market Today

About Qualcomm

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.

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