Ancora Advisors LLC decreased its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 32.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,763 shares of the wireless technology company's stock after selling 41,304 shares during the quarter. Ancora Advisors LLC's holdings in Qualcomm were worth $15,663,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Qualcomm during the 2nd quarter worth approximately $17,583,115,000. Geode Capital Management LLC grew its holdings in shares of Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Qualcomm by 22.7% during the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company's stock valued at $3,178,872,000 after acquiring an additional 3,179,720 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Qualcomm by 34.5% during the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock worth $2,861,301,000 after buying an additional 4,290,622 shares during the period. Finally, Norges Bank acquired a new position in shares of Qualcomm in the fourth quarter worth approximately $2,591,056,000. 74.35% of the stock is currently owned by institutional investors.
Qualcomm Trading Up 3.8%
Shares of QCOM stock opened at $170.48 on Tuesday. The business's fifty day moving average is $171.46 and its 200 day moving average is $169.06. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The company has a market capitalization of $179.04 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 15.16 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02.
Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 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 company had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $9.69 billion. During the same period in the prior year, the firm earned $2.77 EPS. Qualcomm'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. On average, equities research analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.
Qualcomm Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio is currently 42.59%.
Insider Activity at Qualcomm
In related news, CAO Patricia Y. Grech sold 208 shares of the business's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $170.00, for a total transaction of $35,360.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the transaction, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% 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. Insiders sold 11,533 shares of company stock worth $1,961,219 in the last three months. 0.05% of the stock is owned by insiders.
Analyst Ratings Changes
A number of brokerages have recently issued reports on QCOM. Sanford C. Bernstein set a $165.00 price objective on Qualcomm in a research note on Thursday, July 30th. Guggenheim set a $200.00 price objective on shares of Qualcomm in a report on Monday, June 22nd. Robert W. Baird set a $400.00 target price on Qualcomm in a research report on Thursday, July 30th. 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 note on Thursday, July 30th. Finally, Cantor Fitzgerald lowered their target price on Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a research note on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Qualcomm currently has a consensus rating of "Hold" and an average price target of $203.76.
View Our Latest Report on QCOM
Qualcomm Profile
(
Free Report)
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.
Further Reading
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