Ancora Advisors LLC Increases Stake in QUALCOMM Incorporated $QCOM

Key Points

• Ancora Advisors LLC has increased its stake in QUALCOMM by 13.7%, owning 121,330 shares worth approximately $18.64 million.
• QUALCOMM reported $2.77 earnings per share for the recent quarter, exceeding analysts' expectations, with a 10.4% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.89, representing an annual yield of 2.2%, set to be paid on September 25th.

Ancora Advisors LLC lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 13.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,330 shares of the wireless technology company's stock after buying an additional 14,586 shares during the quarter. Ancora Advisors LLC's holdings in QUALCOMM were worth $18,637,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clark Capital Management Group Inc. lifted its stake in shares of QUALCOMM by 3.6% during the 4th quarter. Clark Capital Management Group Inc. now owns 1,717 shares of the wireless technology company's stock worth $264,000 after purchasing an additional 59 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in QUALCOMM by 2.1% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company's stock valued at $509,000 after purchasing an additional 69 shares during the last quarter. Collaborative Wealth Managment Inc. grew its stake in QUALCOMM by 5.1% during the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock valued at $217,000 after purchasing an additional 69 shares during the last quarter. Thoroughbred Financial Services LLC grew its stake in QUALCOMM by 0.3% during the 1st quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock valued at $3,879,000 after purchasing an additional 69 shares during the last quarter. Finally, Quadcap Wealth Management LLC lifted its holdings in shares of QUALCOMM by 0.6% in the 1st quarter. Quadcap Wealth Management LLC now owns 12,209 shares of the wireless technology company's stock valued at $1,875,000 after buying an additional 69 shares during the period. Institutional investors own 74.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on QCOM shares. Citigroup reissued a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Seaport Res Ptn upgraded QUALCOMM to a "hold" rating in a research note on Friday, May 9th. 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. Bank of America reduced their price objective on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, June 17th. Finally, Arete Research set a $200.00 price target on shares of QUALCOMM in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Up 1.5%

Shares of QCOM stock traded up $2.43 on Thursday, reaching $159.71. 7,774,934 shares of the stock were exchanged, compared to its average volume of 6,482,855. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The business's 50 day moving average price is $156.45 and its 200 day moving average price is $152.44. The company has a market capitalization of $172.33 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 2.29 and a beta of 1.21. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10.

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

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be issued a $0.89 dividend. The ex-dividend date is Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. QUALCOMM's dividend payout ratio is presently 34.33%.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This represents a 41.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the 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 sale, the chief financial officer owned 39,874 shares of the company's stock, valued at $6,254,635.64. This trade represents a 7.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,626 shares of company stock worth $1,948,054. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Company Profile

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.