Sonora Investment Management Group LLC Increases Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Sonora Investment Management Group LLC boosted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,704 shares of the wireless technology company's stock after buying an additional 7,105 shares during the period. QUALCOMM makes up 1.9% of Sonora Investment Management Group LLC's holdings, making the stock its 12th biggest holding. Sonora Investment Management Group LLC's holdings in QUALCOMM were worth $24,534,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of QUALCOMM during the second quarter valued at approximately $896,000. Algert Global LLC acquired a new position in QUALCOMM during the second quarter worth $366,000. Clearbridge Investments LLC lifted its stake in shares of QUALCOMM by 0.5% in the second quarter. Clearbridge Investments LLC now owns 221,308 shares of the wireless technology company's stock valued at $44,080,000 after buying an additional 1,036 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of QUALCOMM during the second quarter valued at about $109,000. Finally, Creekside Partners acquired a new position in shares of QUALCOMM during the second quarter valued at about $320,000. Institutional investors own 74.35% of the company's stock.

Insider Buying and Selling at QUALCOMM

In related news, General Counsel Ann C. Chaplin sold 2,587 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $158.12, for a total value of $409,056.44. Following the completion of the sale, the general counsel now owns 19,739 shares in the company, valued at $3,121,130.68. The trade was a 11.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares of the company's stock, valued at $14,570. This trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,981 shares of company stock valued at $4,000,870 in the last three months. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM traded down $2.69 during mid-day trading on Monday, hitting $170.24. The company had a trading volume of 7,421,122 shares, compared to its average volume of 7,483,622. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a 1 year low of $141.21 and a 1 year high of $230.63. The company has a market capitalization of $189.14 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 2.87 and a beta of 1.25. The stock's 50-day moving average price is $160.76 and its 200-day moving average price is $166.19.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. On average, sell-side analysts forecast that QUALCOMM Incorporated will post 9.16 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, March 6th. QUALCOMM's dividend payout ratio is presently 37.82%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on QCOM shares. Melius Research started coverage on shares of QUALCOMM in a report on Monday, December 9th. They issued a "hold" rating and a $180.00 target price on the stock. Morgan Stanley dropped their target price on QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating on the stock in a report on Thursday, November 7th. Sanford C. Bernstein upped their price target on QUALCOMM from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Barclays dropped their price objective on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, Wells Fargo & Company increased their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the company an "underweight" rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $206.57.

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.