State Street Corp Purchases 671,537 Shares of Qualcomm Incorporated $QCOM

Key Points

• State Street increased its Qualcomm stake by 671,537 shares in the second quarter, bringing its holdings to 52.76 million shares worth approximately $9.75 billion. Institutional investors collectively own 74.35% of Qualcomm.
• Analyst sentiment remains mixed, with Qualcomm carrying an average “Hold” rating and a $204.10 price target. Recent target changes included cuts from Morgan Stanley and Susquehanna, alongside a significant increase from JPMorgan.
• Qualcomm shares rose 1.3% to $196.76, while the company reported quarterly revenue of $9.95 billion but missed EPS estimates and posted a 4% year-over-year revenue decline. The company also declared a quarterly dividend of $0.92 per share, implying a 1.9% annual yield.

State Street Corp lifted its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,763,263 shares of the wireless technology company's stock after purchasing an additional 671,537 shares during the period. State Street Corp owned 5.02% of Qualcomm worth $9,750,123,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Security National Bank of Sioux City Iowa IA raised its holdings in shares of Qualcomm by 35.9% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 26,140 shares of the wireless technology company's stock valued at $4,830,000 after acquiring an additional 6,900 shares in the last quarter. Talon Private Wealth LLC boosted its holdings in Qualcomm by 14.3% in the second quarter. Talon Private Wealth LLC now owns 14,498 shares of the wireless technology company's stock valued at $2,679,000 after acquiring an additional 1,819 shares in the last quarter. ABS Direct Equity Fund LLC purchased a new position in Qualcomm during the 2nd quarter valued at $34,000. Bouchey Financial Group Ltd. purchased a new position in Qualcomm during the 2nd quarter valued at $268,000. Finally, Core Capital Management & Research inc. bought a new position in Qualcomm in the 2nd quarter worth $208,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insiders Place Their Bets

In other news, CAO Patricia Grech sold 208 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $170.00, for a total value of $35,360.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the transaction, the executive vice president owned 36,535 shares of the company's stock, valued at $5,372,106.40. The trade was a 8.05% 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 three months, insiders have sold 11,533 shares of company stock valued at $1,924,969. 0.05% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on QCOM shares. Morgan Stanley dropped their target price on shares of Qualcomm from $231.00 to $220.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Qualcomm in a research report on Wednesday, September 9th. Zacks Research downgraded shares of Qualcomm from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 15th. Susquehanna lowered their price objective on shares of Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upped their target price on Qualcomm from $160.00 to $265.00 and gave the stock a "neutral" rating in a report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $204.10.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: AI interconnect technology expands Qualcomm’s growth narrative. Qualcomm, Corning and Lumentum demonstrated 1060-nanometer optical die-to-die connectivity designed to replace copper links between processors and server racks. The technology could give Qualcomm exposure to AI data-center infrastructure in addition to its established handset, automotive and licensing businesses. Lumentum, Qualcomm, Corning to Showcase Optical D2D Interconnect for AI
• Positive Sentiment: Investors are anticipating product catalysts at Snapdragon Summit. Traders are looking for details on Qualcomm’s smartphone chip roadmap and evidence that the company can diversify into automotive and data-center markets. Management expects two custom data-center wins to begin generating revenue in the December quarter, creating a potential new source of growth as Apple-related business declines. Can Cars And Data Centers Carry Qualcomm Stock Past Apple?
• Positive Sentiment: Improved market conditions supported semiconductor stocks. Falling oil prices and Treasury yields helped revive investor appetite for growth and AI shares. Reports that U.S.-China trade discussions may ease tariff pressure also reduce a potential risk for China-exposed semiconductor companies. Qualcomm stock jumps as AI rally returns
• Neutral Sentiment: The dividend provides a near-term shareholder return. Qualcomm is scheduled to pay its regular dividend this week, reinforcing its income appeal. However, the payment itself does not change the company’s earnings outlook and may already be reflected in the share price. Qualcomm to pay dividends this week
• Negative Sentiment: Execution and valuation risks remain. Qualcomm’s latest quarterly EPS slightly missed consensus, while revenue declined year over year. The stock’s rally raises expectations for successful AI and data-center execution, and analysts remain divided, with one recent assessment highlighting cyclical handset exposure and competition as risks. Bear of the Day: Qualcomm

Qualcomm Stock Up 1.3%

NASDAQ QCOM traded up $2.53 during trading hours on Tuesday, reaching $196.76. 4,619,841 shares of the company's stock traded hands, compared to its average volume of 15,687,854. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a 50-day simple moving average of $168.32 and a 200 day simple moving average of $172.84. The firm has a market cap of $206.65 billion, a PE ratio of 22.78, a PEG ratio of 3.70 and a beta of 1.68.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share 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 business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same period in the prior year, the business posted $2.77 EPS. Qualcomm's revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 1.9%. Qualcomm's payout ratio is presently 42.59%.

Qualcomm Company Profile

Qualcomm Incorporated NASDAQ: QCOM is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.

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