Stonebridge Financial Group LLC Acquires 1,098 Shares of QUALCOMM Incorporated $QCOM

Stonebridge Financial Group LLC lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 25,080 shares of the wireless technology company’s stock after acquiring an additional 1,098 shares during the quarter. Stonebridge Financial Group LLC’s holdings in QUALCOMM were worth $3,994,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in QCOM. Atlantic Edge Private Wealth Management LLC increased its stake in shares of QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock worth $26,000 after buying an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC increased its stake in shares of QUALCOMM by 122.4% in the first 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 period. Chung Wu Investment Group LLC purchased a new position in shares of QUALCOMM in the second quarter worth $32,000. Atticus Wealth Management LLC increased its stake in shares of QUALCOMM by 21,200.0% in the second 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 period. Finally, Abound Financial LLC purchased a new position in shares of QUALCOMM in the first quarter worth $39,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the stock an “outperform” rating in a research note on Monday, July 28th. UBS Group boosted their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. boosted their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, Arete Research set a $200.00 price objective on shares of QUALCOMM in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, QUALCOMM has an average rating of “Moderate Buy” and an average price target of $182.82.

Insider Transactions at QUALCOMM

In related news, CAO Patricia Y. Grech sold 201 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $170.00, for a total value of $34,170.00. Following the transaction, the chief accounting officer owned 203 shares in the company, valued at $34,510. The trade was a 49.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of 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. Over the last ninety days, insiders sold 159,767 shares of company stock worth $26,322,745. 0.08% of the stock is owned by insiders.

QUALCOMM Stock Down 1.3%

NASDAQ:QCOM opened at $165.66 on Friday. The firm’s 50-day moving average price is $160.28 and its 200-day moving average price is $153.52. The company has a market capitalization of $178.75 billion, a PE ratio of 15.97, a P/E/G ratio of 2.45 and a beta of 1.23. 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 Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10.

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

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.