Strs Ohio Purchases 80,141 Shares of Qualcomm Incorporated $QCOM

Key Points

• Strs Ohio boosted its stake in Qualcomm by 31.5%, acquiring an additional 80,141 shares to hold 334,811 shares valued at about $57.27 million after the 4th quarter filing.
• Qualcomm beat Q2 EPS expectations and the CEO said it will ship custom data‑center chips to a “large hyperscaler” this year, a development that—along with analyst upgrades—has fueled the recent rally and underpins hopes for a new AI/data‑center growth stream.
• The company raised its quarterly dividend to $0.92 and authorized a $20.0 billion share buyback, though management’s Q3 guidance came in below Street expectations amid a cited memory supply issue.

Strs Ohio boosted its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 31.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 334,811 shares of the wireless technology company's stock after acquiring an additional 80,141 shares during the quarter. Strs Ohio's holdings in Qualcomm were worth $57,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Cloud Capital Management LLC purchased a new stake in Qualcomm in the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. lifted its stake in shares of Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock valued at $29,000 after purchasing an additional 80 shares during the period. Torren Management LLC purchased a new position in shares of Qualcomm in the 4th quarter valued at approximately $29,000. Glass Jacobson Investment Advisors llc increased its position in Qualcomm by 113.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock valued at $32,000 after buying an additional 101 shares in the last quarter. Finally, Board of the Pension Protection Fund bought a new position in Qualcomm during the 4th quarter valued at approximately $34,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Q2 beat and segment strength — Qualcomm topped EPS expectations and showed strong automotive/licensing performance, which supports near‑term earnings quality and helped fuel the recent rally. Qualcomm (QCOM) Posts Stellar Q2
• Positive Sentiment: Data‑center/hyperscaler validation — CEO commentary that Qualcomm will ship custom data‑center chips to a “large hyperscaler” this year materially changed the narrative and underpins hopes for a new, higher‑growth revenue stream. Reuters: Qualcomm shares jump
• Positive Sentiment: Analyst support — Multiple firms raised targets or reaffirmed buy ratings (e.g., Benchmark, Rosenblatt, Summit Insights upgrade), which added fuel to the rally and legitimized the AI/data‑center story. Wall Street Lifts Qualcomm Price Target
• Neutral Sentiment: Technicals and momentum — Chart signals show an overbought setup after the rapid rally; that attracts momentum buyers but raises short‑term pullback risk. Barron's: Technicals
• Neutral Sentiment: Capital returns — Ongoing buyback authorization and a raised quarterly dividend support shareholder returns, a stabilizing factor for valuation. MarketBeat: QCOM summary
• Negative Sentiment: Below‑consensus Q3 guide & memory shortage — Qualcomm guided Q3 revenue/EPS below Street expectations and pointed to a memory supply issue that could pressure handset demand, which triggered the initial post‑earnings weakness. Reuters: Forecast underwhelms
• Negative Sentiment: Insider sale disclosure — A CAO disclosed a small Rule 10b5‑1 sale (192 shares); minimal on its own but noted by some data aggregators amid high‑volume trading. InsiderTrades: Insider sale

Qualcomm Stock Down 1.4%

Shares of NASDAQ:QCOM opened at $177.00 on Friday. The company has a 50-day moving average price of $135.69 and a 200 day moving average price of $155.33. The company has a current ratio of 2.37, a quick ratio of 1.83 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $205.95. The company has a market cap of $188.85 billion, a price-to-earnings ratio of 19.24 and a beta of 1.49.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company 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 earnings per share. The firm'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, equities research analysts predict that Qualcomm Incorporated will post 8.18 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 paid a dividend of $0.92 per share. This is a positive change from Qualcomm's previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm's payout ratio is currently 38.70%.

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 outstanding shares. This repurchase authorization permits the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

QCOM has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on Qualcomm in a research report on Monday, March 30th. They set a "neutral" rating and a $135.00 price objective for the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $160.00 price target on shares of Qualcomm in a research note on Thursday. Wells Fargo & Company lifted their target price on Qualcomm from $150.00 to $160.00 and gave the company an "equal weight" rating in a research report on Thursday. Summit Insights upgraded Qualcomm from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Daiwa Securities Group downgraded Qualcomm from an "outperform" rating to a "neutral" rating and set a $140.00 price objective on the stock. in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $172.40.

Insider Activity

In other news, CAO Patricia Y. Grech sold 192 shares of the company's stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $172.00, for a total transaction of $33,024.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $137.65, for a total value of $458,787.45. Following the transaction, the executive vice president directly owned 35,599 shares in the company, valued at approximately $4,900,202.35. This represents a 8.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 9,310 shares of company stock valued at $1,266,729. 0.05% of the stock is currently owned by insiders.

Qualcomm 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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