Ancora Advisors LLC Sells 41,304 Shares of Qualcomm Incorporated $QCOM

Key Points

• Ancora Advisors cut its Qualcomm stake by 32.8% in the second quarter, selling 41,304 shares and retaining 84,763 shares valued at approximately $15.7 million. Institutional investors collectively own 74.35% of Qualcomm.
• Analyst sentiment remains mixed, with Qualcomm receiving a consensus “Hold” rating and an average price target of $203.76. Recent targets range from $170 to $280.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, though EPS slightly missed expectations and revenue declined 4% year over year. The company also declared a quarterly dividend of $0.92 per share, equivalent to a 2.3% annual yield.

Ancora Advisors LLC reduced its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 32.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,763 shares of the wireless technology company's stock after selling 41,304 shares during the period. Ancora Advisors LLC's holdings in Qualcomm were worth $15,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Baxter Bros Inc. bought a new stake in shares of Qualcomm in the 2nd quarter valued at $17,844,000. MUFG Securities EMEA plc lifted its holdings in Qualcomm by 112.2% during the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock worth $7,524,000 after acquiring an additional 23,262 shares in the last quarter. Swedbank AB lifted its holdings in Qualcomm by 1.5% during the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after acquiring an additional 23,110 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Qualcomm by 5.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock valued at $24,578,000 after acquiring an additional 7,804 shares during the period. Finally, Valley Wealth Managers Inc. grew its stake in Qualcomm by 6.1% in the fourth quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock valued at $6,844,000 after acquiring an additional 2,288 shares during the period. 74.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on QCOM. JPMorgan Chase & Co. raised their price target on Qualcomm from $160.00 to $265.00 and gave the stock a "neutral" rating in a research report on Friday, June 5th. Rosenblatt Securities dropped their target price 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. Wells Fargo & Company cut their price target on shares of Qualcomm from $265.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Tigress Financial increased their price objective on shares of Qualcomm from $270.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Qualcomm in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Qualcomm has a consensus rating of "Hold" and an average price target of $203.76.

Insider Buying and Selling

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the transaction, the executive vice president owned 20,684 shares of the company's stock, valued at $3,376,869.84. The trade was a 10.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the transaction, the chief accounting officer directly owned 208 shares in the company, valued at $33,872.80. This trade represents a 75.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 11,325 shares of company stock worth $1,925,859. Corporate insiders own 0.05% of the company's stock.

Qualcomm Stock Performance

Shares of QCOM opened at $160.56 on Wednesday. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The firm has a fifty day simple moving average of $175.94 and a 200 day simple moving average of $168.28. The stock has a market capitalization of $168.62 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 14.63 and a beta of 1.65. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

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 the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the previous year, the firm posted $2.77 earnings per share. The firm's quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. Qualcomm's payout ratio is currently 42.59%.

Qualcomm Profile

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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