Sonora Investment Management Group LLC Has $24.17 Million Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• Sonora Investment Management Group LLC reduced its stake in QUALCOMM by 3.3%, holding 151,743 shares valued at approximately $24.17 million, making it the fund's 16th largest holding.
• QUALCOMM's latest quarterly earnings report showed $2.77 earnings per share, exceeding estimates and reflecting a 10.4% increase in revenue compared to the same quarter last year.
• The company recently announced a quarterly dividend of $0.89 per share, representing an annualized yield of 2.1%, with a current payout ratio of 34.33%.

Sonora Investment Management Group LLC reduced its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 151,743 shares of the wireless technology company's stock after selling 5,216 shares during the quarter. QUALCOMM accounts for about 1.8% of Sonora Investment Management Group LLC's holdings, making the stock its 16th biggest holding. Sonora Investment Management Group LLC's holdings in QUALCOMM were worth $24,167,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after purchasing an additional 340 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new stake in shares of QUALCOMM during the fourth quarter valued at about $30,000. GAMMA Investing LLC grew its holdings in shares of QUALCOMM by 20,700.4% during the first quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company's stock worth $501,192,000 after purchasing an additional 3,247,068 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of QUALCOMM by 9.3% in the first quarter. Parallel Advisors LLC now owns 16,153 shares of the wireless technology company's stock valued at $2,481,000 after buying an additional 1,374 shares during the period. Institutional investors own 74.35% of the company's stock.

QUALCOMM Price Performance

Shares of QCOM opened at $169.20 on Friday. The firm has a market cap of $182.57 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 2.45 and a beta of 1.21. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The business's 50 day moving average price is $158.67 and its two-hundred day moving average price is $152.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the business posted $2.33 EPS. QUALCOMM's revenue for the quarter was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 4th. QUALCOMM's dividend payout ratio is 34.33%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. Bank of America decreased their price objective on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. JPMorgan Chase & Co. lifted their target price on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. Finally, Citigroup restated a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $182.82.

Insider Transactions at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the transaction, the chief financial officer owned 39,874 shares in the company, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,100 shares of company stock valued at $2,026,291. 0.08% of the stock is currently owned by corporate insiders.

About QUALCOMM

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

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