State of Alaska Department of Revenue Sells 9,500 Shares of Qualcomm Incorporated $QCOM

Key Points

• State of Alaska Department of Revenue trimmed its stake in Qualcomm by 4.7%, selling 9,500 shares and leaving 193,530 shares valued at $33.102 million.
• Qualcomm beat quarterly estimates with $3.50 EPS vs. $3.38 expected and $12.25 billion in revenue (up 4.7% YoY), and guided Q2 FY2026 EPS to $2.45–$2.65.
• The company's board authorized a $20.0 billion share repurchase program, permitting buybacks of up to 14.5% of outstanding shares.

State of Alaska Department of Revenue lessened its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 193,530 shares of the wireless technology company's stock after selling 9,500 shares during the period. State of Alaska Department of Revenue's holdings in Qualcomm were worth $33,102,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Amundi grew its holdings in Qualcomm by 9.9% in the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company's stock worth $2,136,486,000 after acquiring an additional 1,138,541 shares during the last quarter. Wellington Management Group LLP grew its holdings in Qualcomm by 141.8% in the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company's stock worth $2,069,059,000 after acquiring an additional 7,292,783 shares during the last quarter. Invesco Ltd. grew its holdings in Qualcomm by 2.3% in the 3rd quarter. Invesco Ltd. now owns 9,874,113 shares of the wireless technology company's stock worth $1,642,657,000 after acquiring an additional 220,209 shares during the last quarter. Legal & General Group Plc grew its holdings in Qualcomm by 0.4% in the 3rd quarter. Legal & General Group Plc now owns 9,207,183 shares of the wireless technology company's stock worth $1,531,707,000 after acquiring an additional 38,452 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in Qualcomm by 18.3% in the 3rd quarter. Van ECK Associates Corp now owns 9,050,717 shares of the wireless technology company's stock worth $1,505,677,000 after acquiring an additional 1,397,466 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Qualcomm Trading Down 0.1%

NASDAQ:QCOM opened at $127.98 on Monday. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $205.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The company's 50-day simple moving average is $135.57 and its 200 day simple moving average is $157.52. The firm has a market capitalization of $136.56 billion, a P/E ratio of 26.44 and a beta of 1.28.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.16 billion. During the same quarter in the previous year, the firm posted $3.41 earnings per share. Qualcomm's quarterly revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, analysts forecast that Qualcomm Incorporated will post 9.39 EPS for the current fiscal year.

Qualcomm declared that its Board of Directors has initiated a stock repurchase program on Tuesday, March 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup reaffirmed a "neutral" rating on shares of Qualcomm in a research report on Thursday, January 15th. Susquehanna cut shares of Qualcomm from a "positive" rating to a "neutral" rating and set a $140.00 target price for the company. in a research report on Thursday, February 5th. TD Cowen dropped their target price on shares of Qualcomm from $190.00 to $150.00 and set a "buy" rating for the company in a research report on Thursday, February 5th. DZ Bank raised shares of Qualcomm to a "strong-buy" rating in a research report on Tuesday, February 10th. Finally, Royal Bank Of Canada dropped their target price on shares of Qualcomm from $180.00 to $150.00 and set a "sector perform" rating for the company in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $163.77.

Insider Activity

In other Qualcomm news, 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 completion of the transaction, the executive vice president directly owned 16,393 shares of the company's stock, valued at approximately $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Akash J. Palkhiwala sold 3,333 shares of Qualcomm stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the transaction, the executive vice president directly owned 35,599 shares of the company's stock, valued at $4,900,202.35. This trade represents a 8.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,618 shares of company stock valued at $907,855 over the last ninety days. Corporate insiders own 0.05% of the company's stock.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Snap (Specs) signed a multi‑year agreement to use Qualcomm Snapdragon processors in upcoming AR/AI smart glasses — this expands Qualcomm’s addressable market in AR hardware and strengthens customer design wins. Snap unit to use Qualcomm chips for upcoming AI smart glasses
• Positive Sentiment: Industry coverage also reported the multi‑year Snap/Qualcomm pact, underscoring potential recurring chip revenue if Specs gains traction. Snap to use Qualcomm chips in future AR glasses under new multi-year deal
• Neutral Sentiment: Analysts and comparison pieces discuss Intel vs. Qualcomm as both ramp AI chip strategies — highlights competition in AI chips that could pressure margins or force R&D investment; this is strategic context rather than an immediate earnings change. INTC vs. QCOM: Which Semiconductor Stock Is a Better Buy?
• Neutral Sentiment: Quarterly earnings preview coverage reiterates that Qualcomm is navigating a handset‑soft patch while guiding Q2 FY2026 EPS and focusing on diversification (chips + licensing). Useful for setting expectations ahead of near‑term reports. QUALCOMM Earnings Preview: What to Expect
• Neutral Sentiment: Qualcomm co‑founder Irwin Jacobs received a lifetime achievement award — a reputational positive that reminds investors of Qualcomm’s historical leadership in wireless standards but has limited immediate financial impact. Qualcomm Founder Honored As Investors Weigh Valuation And Profit Pressures
• Neutral Sentiment: Macro/sector pieces (e.g., on “old‑school” tech dividend names) mention broader rotation away from megacaps — background sector flow that may influence QCOM but isn’t company‑specific. 5 Forgotten Old-School Tech Dividend Stocks That Could Crush the Market in 2026
• Negative Sentiment: Goldman Sachs reiterated caution on QCOM, pointing to key customer losses and near‑term demand pressure — a sell‑side warning that can hurt sentiment and multiple compression. Goldman Sachs Cautious on QUALCOMM (QCOM) Amid Key Customer Losses
• Negative Sentiment: Comparative coverage favors Broadcom over Qualcomm, citing Broadcom’s stronger exposure to hyperscaler AI demand while Qualcomm still pivots from handset dependence — narrative risk that can divert investor dollars to peers. Broadcom vs. Qualcomm: Buy One, Avoid the Other
• Negative Sentiment: Coverage notes Nasdaq/sector rotation pressures that have weighed on QCOM’s multiple as the market rewards AI‑server exposures over legacy handset suppliers. Qualcomm NASDAQ: QCOM Faces Pressure As Nasdaq Index Reflects Tech Shift
• Negative Sentiment: Erste Group trimmed its FY2026 EPS forecast for Qualcomm, a direct near‑term negative for earnings expectations and analyst consensus. Qualcomm FY2026 EPS Forecast Decreased by Erste Group Bank
• Negative Sentiment: Prominent commentator Jim Cramer publicly recommended Arm over Qualcomm, which can sway retail sentiment and add to short‑term selling pressure. Jim Cramer Says He Thinks “Arm’s Much Better Than Qualcomm”

Qualcomm Company Profile

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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