SevenBridge Financial Group LLC Acquires 3,477 Shares of QUALCOMM Incorporated $QCOM

SevenBridge Financial Group LLC grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 19.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,046 shares of the wireless technology company’s stock after acquiring an additional 3,477 shares during the period. SevenBridge Financial Group LLC’s holdings in QUALCOMM were worth $3,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of QUALCOMM by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company’s stock worth $18,260,635,000 after purchasing an additional 290,799 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its stake in QUALCOMM by 656,661.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock valued at $9,360,274,000 after acquiring an additional 58,764,593 shares during the last quarter. State Street Corp grew its position in shares of QUALCOMM by 0.8% in the 2nd quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock valued at $8,547,014,000 after acquiring an additional 420,352 shares during the period. Norges Bank bought a new stake in shares of QUALCOMM in the 2nd quarter valued at about $2,713,603,000. Finally, Amundi lifted its stake in QUALCOMM by 38.2% in the 2nd quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock valued at $1,866,451,000 after purchasing an additional 3,186,524 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Patricia Y. Grech sold 513 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $160.95, for a total transaction of $82,567.35. Following the completion of the sale, the chief accounting officer owned 203 shares in the company, valued at approximately $32,672.85. The trade was a 71.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 164,388 shares of company stock worth $27,248,752. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

QCOM has been the topic of several research analyst reports. Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a report on Monday, December 8th. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. Rosenblatt Securities restated a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. upped their target price on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $191.00.

QUALCOMM Stock Down 1.6%

Shares of NASDAQ QCOM opened at $178.29 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The stock has a market capitalization of $190.95 billion, a P/E ratio of 36.46, a PEG ratio of 3.91 and a beta of 1.22. The stock’s fifty day moving average is $170.72 and its 200 day moving average is $162.31.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. During the same quarter last year, the business posted $2.69 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.0%. QUALCOMM’s dividend payout ratio (DPR) is 72.80%.

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.