Anchor Capital Advisors LLC Increases Holdings in Qualcomm Incorporated $QCOM

Anchor Capital Advisors LLC boosted its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 299.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,502 shares of the wireless technology company's stock after buying an additional 19,125 shares during the period. Anchor Capital Advisors LLC's holdings in Qualcomm were worth $4,713,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of QCOM. Your Advocates Ltd. LLP purchased a new stake in shares of Qualcomm in the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd grew its holdings in Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after acquiring an additional 170 shares during the period. Birchwood Financial Partners Inc. purchased a new position in Qualcomm during the fourth quarter valued at approximately $31,000. Commonwealth Retirement Investments LLC acquired a new position in Qualcomm in the fourth quarter valued at approximately $32,000. Finally, ABS Investment Management LLC acquired a new position in Qualcomm in the second quarter valued at approximately $34,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of analyst reports. Lake Street Capital cut shares of Qualcomm to a "hold" rating in a research note on Thursday, June 25th. Susquehanna decreased their target price on shares of Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Rosenblatt Securities lowered their price target on shares of Qualcomm from $265.00 to $235.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. HSBC restated a "hold" rating on shares of Qualcomm in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada decreased their price objective on shares of Qualcomm from $250.00 to $160.00 and set a "sector perform" rating for the company in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Qualcomm presently has an average rating of "Hold" and a consensus price target of $203.76.

Insider Transactions at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the transaction, the executive vice president directly owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 208 shares of the business's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $35,360.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,533 shares of company stock valued at $1,961,219 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Price Performance

Shares of Qualcomm stock opened at $168.74 on Tuesday. The stock has a market capitalization of $177.22 billion, a P/E ratio of 19.53, a PEG ratio of 3.52 and a beta of 1.68. The business has a 50 day simple moving average of $168.65 and a two-hundred day simple moving average of $170.04. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same period in the prior year, the firm earned $2.77 earnings per share. The business's revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's payout ratio is 42.59%.

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.

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