Qualcomm Incorporated $QCOM Shares Sold by North Dakota State Investment Board

Key Points

• North Dakota State Investment Board reduced its Qualcomm stake by 8.1% in the third quarter, selling 2,967 shares and retaining 33,620 shares valued at approximately $6.19 million. Institutional investors collectively own 74.35% of Qualcomm.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $205.83; individual targets range from $160 to $235.
• Qualcomm shares opened at $182.97, while its latest quarterly results showed revenue of $9.95 billion but a 4% year-over-year decline and an EPS miss. The company also announced a quarterly dividend of $0.92 per share, equivalent to a 2.0% yield.

North Dakota State Investment Board cut its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,620 shares of the wireless technology company's stock after selling 2,967 shares during the period. North Dakota State Investment Board's holdings in Qualcomm were worth $6,187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Your Advocates Ltd. LLP acquired a new position in shares of Qualcomm during the first quarter valued at approximately $26,000. ABS Investment Management LLC acquired a new position in shares of Qualcomm in the 2nd quarter valued at $34,000. ABS Direct Equity Fund LLC acquired a new position in shares of Qualcomm in the second quarter worth about $34,000. Burk Holdings LLC grew its position in Qualcomm by 191.7% during the 2nd quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company's stock worth $39,000 after purchasing an additional 138 shares in the last quarter. Finally, Harborfront Financial Group LLC purchased a new position in shares of Qualcomm during the second quarter valued at $41,000. Institutional investors own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

QCOM has been the topic of several research reports. Sanford C. Bernstein reiterated a "market perform" rating on shares of Qualcomm in a research note on Wednesday, September 9th. Rosenblatt Securities restated a "buy" rating and issued a $235.00 target price on shares of Qualcomm in a report on Wednesday, September 9th. The Goldman Sachs Group set a $160.00 price target on shares of Qualcomm in a report on Thursday, July 30th. Piper Sandler started coverage on shares of Qualcomm in a research note on Wednesday, September 9th. They issued a "neutral" rating and a $190.00 price objective on the stock. Finally, Royal Bank Of Canada lifted their target price on Qualcomm from $160.00 to $180.00 and gave the stock a "sector perform" rating in a research report on Wednesday, September 9th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $205.83.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s automotive business is emerging as a key growth driver, with reports highlighting record revenue and a 61% surge. Investors see the segment as helping reduce the company’s dependence on smartphones. Qualcomm Automotive Revenue Hits Record as AI Device Cycle Reshapes the Investment Case
• Positive Sentiment: Qualcomm is being positioned as an underappreciated AI beneficiary. Reports cite two hyperscaler custom-silicon agreements and potential upside from its Alphawave IP acquisition, suggesting expanding opportunities beyond handset chips. Qualcomm Stock Has an AI Opportunity Most Nvidia Investors May Be Overlooking
• Positive Sentiment: Qualcomm and Anduril are launching BlueChip, a U.S.-focused laptop initiative for defense, government and first-responder customers. The program could create new demand for Qualcomm processors while supporting secure, domestically oriented supply chains. Anduril, Qualcomm Partner on New Line of US-Made Laptops
• Neutral Sentiment: Technical coverage says QCOM has reclaimed an important price level, but questions remain about whether the move can hold. Another report notes that exchange-traded funds have been buying the shares, potentially offering some support.
• Negative Sentiment: Qualcomm is trading lower alongside semiconductor peers after weak guidance from NXP revived concerns about slowing automotive-chip demand. ON Semiconductor and NXP were particularly weak, broadening pressure across the sector. Auto Chip Worries Pressure Semiconductor Stocks
• Negative Sentiment: Analysts expect Qualcomm’s upcoming fourth-quarter earnings to decline, and a preview argues that the company may lack the catalysts needed for a likely earnings beat. This is reinforcing near-term caution ahead of results. Qualcomm Q4 Earnings Expected to Decline
• Negative Sentiment: Bernstein maintained a Hold rating, while broader semiconductor weakness has recently hurt QCOM and raised concerns about valuation, handset exposure and competitive pressure. Bernstein Keeps Hold Rating on Qualcomm

Qualcomm Trading Down 0.7%

Shares of Qualcomm stock opened at $182.97 on Thursday. The stock has a market capitalization of $195.38 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 3.96 and a beta of 1.65. The company has a 50-day simple moving average of $177.28 and a 200 day simple moving average of $169.42. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter last year, the firm posted $2.77 EPS. The business's revenue was down 4.0% on a year-over-year basis. Research analysts expect that Qualcomm Incorporated will post 7.71 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a $0.92 dividend. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.0%. Qualcomm's payout ratio is currently 42.59%.

Insider Activity

In other Qualcomm news, EVP Ann C. Chaplin sold 1,827 shares of the company's stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $174.75, for a total transaction of $319,268.25. Following the transaction, the executive vice president directly owned 25,770 shares in the company, valued at approximately $4,503,307.50. This represents a 6.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $182.85, for a total transaction of $457,125.00. Following the completion of the transaction, the executive vice president directly owned 18,184 shares in the company, valued at approximately $3,324,944.40. The trade was a 12.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 33,458 shares of company stock worth $6,198,144. 0.05% of the stock is owned by company insiders.

Qualcomm Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.

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