Sound Income Strategies LLC Increases Position in QUALCOMM Incorporated $QCOM

Key Points

• Sound Income Strategies LLC increased its stake in QUALCOMM by 174.8%, now holding 2,899 shares valued at approximately $462,000.
• QUALCOMM recently reported a quarterly earnings of $2.77 per share, exceeding expectations and showing a 10.4% revenue increase year over year.
• The company declared a quarterly dividend of $0.89 per share, representing a 2.2% dividend yield, which highlights its ongoing commitment to returning value to shareholders.

Sound Income Strategies LLC lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 174.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,899 shares of the wireless technology company's stock after purchasing an additional 1,844 shares during the period. Sound Income Strategies LLC's holdings in QUALCOMM were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of QCOM. Atlantic Edge Private Wealth Management LLC increased its stake in shares of QUALCOMM by 70.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after buying an additional 93 shares during the last quarter. WFA Asset Management Corp acquired a new stake in QUALCOMM in the 1st quarter worth about $27,000. Atticus Wealth Management LLC boosted its holdings in QUALCOMM by 21,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock worth $34,000 after buying an additional 212 shares during the last quarter. Finally, Abound Financial LLC acquired a new stake in QUALCOMM in the 1st quarter worth about $39,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on QCOM shares. Mizuho lowered their price objective on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. UBS Group lifted their price objective on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. JPMorgan Chase & Co. lifted their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Trading Down 2.3%

Shares of QUALCOMM stock opened at $165.30 on Tuesday. The stock has a market cap of $178.36 billion, a P/E ratio of 15.94, a P/E/G ratio of 2.45 and a beta of 1.21. The stock's 50 day simple moving average is $158.79 and its 200-day simple moving average is $152.94. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

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

QUALCOMM Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 4th. QUALCOMM's payout ratio is presently 34.33%.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the sale, the chief financial officer owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares in the company, valued at approximately $171,230.92. The trade was a 41.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,100 shares of company stock worth $2,026,291 in the last 90 days. 0.08% of the stock is 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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