State of Wisconsin Investment Board Has $95.13 Million Stock Position in Qualcomm Incorporated $QCOM

Key Points

• State of Wisconsin Investment Board trimmed its Qualcomm stake by 3.5% in the fourth quarter, but still held 556,143 shares valued at about $95.1 million at quarter-end.
• Qualcomm is pushing deeper into AI and data centers, including a new AI data center program with a major hyperscaler and reports that it is working on 40+ AI-powered devices beyond smartphones.
• The company recently beat quarterly EPS estimates and raised its dividend to $0.92 per share while also approving a $20 billion share buyback, signaling continued confidence in cash generation.

State of Wisconsin Investment Board decreased its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 3.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 556,143 shares of the wireless technology company's stock after selling 19,922 shares during the period. State of Wisconsin Investment Board owned approximately 0.05% of Qualcomm worth $95,128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Certified Advisory Corp grew its holdings in shares of Qualcomm by 0.6% in the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company's stock valued at $1,678,000 after buying an additional 62 shares during the period. ProVise Management Group LLC grew its holdings in shares of Qualcomm by 2.6% in the 3rd quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company's stock valued at $426,000 after buying an additional 64 shares during the period. Baker Tilly Wealth Management LLC grew its holdings in shares of Qualcomm by 1.0% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company's stock valued at $1,095,000 after buying an additional 64 shares during the period. Dakota Community Bank & Trust NA grew its holdings in shares of Qualcomm by 3.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company's stock valued at $316,000 after buying an additional 65 shares during the period. Finally, Burns J W & Co. Inc. NY grew its holdings in shares of Qualcomm by 2.1% in the 4th quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company's stock valued at $556,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm launched a new AI data center program with a major hyperscaler, signaling a deeper move into AI infrastructure and custom silicon. Initial shipments are planned for the December quarter. Qualcomm (QCOM) Launches New AI Data Center Program With A Major Hyperscaler
• Positive Sentiment: CEO Cristiano Amon said Qualcomm is working on 40+ AI-powered devices, including wearables, earbuds, pins, watches, and jewelry, reinforcing the company’s strategy to expand beyond the smartphone market. Qualcomm CEO says AI agents will replace apps — as chip giant works on 40 new AI-powered devices
• Positive Sentiment: Analysts and market commentators highlighted Qualcomm as an AI chip beneficiary, with growing interest in its server CPU and data-center ambitions helping offset worries about slower handset growth. Focus on 5 AI Behemoths Carving a Niche in the Server CPU Chip Market
• Neutral Sentiment: Reports that Qualcomm is in talks to acquire AI chip startup Tenstorrent added to the AI strategy narrative, but the deal is still unconfirmed and the valuation could be significant. Qualcomm in talks to buy Tenstorrent, The Information reports
• Negative Sentiment: Despite the AI optimism, Qualcomm also dipped more than the broader market in the latest session, suggesting some investors are taking profits after a strong run and waiting for clearer execution on the new growth initiatives. Qualcomm (QCOM) Dips More Than Broader Market: What You Should Know

Qualcomm Trading Down 3.1%

QCOM opened at $214.07 on Wednesday. The stock has a market capitalization of $225.63 billion, a P/E ratio of 23.27, a P/E/G ratio of 27.32 and a beta of 1.59. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The firm's fifty day simple moving average is $188.06 and its 200 day simple moving average is $165.60. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $10.60 billion for the quarter, compared to analysts' expectations of $10.59 billion. During the same period in the previous year, the firm posted $2.85 EPS. The company's revenue for the quarter was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, research analysts anticipate that Qualcomm Incorporated will post 8 EPS for the current fiscal year.

Qualcomm announced that its Board of Directors has approved a stock repurchase program on Tuesday, March 17th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Qualcomm Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. This is a boost from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a yield of 1.7%. Qualcomm's payout ratio is presently 40.00%.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the business's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the sale, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% 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. Over the last 90 days, insiders sold 21,806 shares of company stock valued at $3,928,958. Corporate insiders own 0.05% of the company's stock.

Analysts Set New Price Targets

QCOM has been the subject of several research analyst reports. Loop Capital raised shares of Qualcomm from a "hold" rating to a "buy" rating and set a $185.00 price target for the company in a report on Tuesday, February 24th. DZ Bank cut shares of Qualcomm from a "buy" rating to a "hold" rating and set a $195.00 price objective on the stock. in a research report on Friday, May 8th. Argus set a $220.00 price objective on shares of Qualcomm in a research report on Friday, May 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Qualcomm in a research report on Friday, March 27th. Finally, The Goldman Sachs Group began coverage on shares of Qualcomm in a research report on Monday, March 30th. They issued a "neutral" rating and a $135.00 price objective on the stock. Fifteen research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $184.29.

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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