Anchor Investment Management LLC Buys 4,818 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Anchor Investment Management LLC increased its stake in QUALCOMM by 13.6%, owning 40,249 shares valued at $6.18 million after acquiring additional shares during the first quarter.
• QUALCOMM's recent quarterly earnings report showed EPS of $2.77, exceeding analysts' forecasts, with revenues up 10.4% year-over-year to $10.37 billion.
• The company announced a quarterly dividend of $0.89 per share, reflecting an annual yield of 2.2%, with the dividend payout ratio being 34.33%.

Anchor Investment Management LLC increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 13.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 40,249 shares of the wireless technology company's stock after buying an additional 4,818 shares during the period. Anchor Investment Management LLC's holdings in QUALCOMM were worth $6,183,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after acquiring an additional 9,343 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of QUALCOMM by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after buying an additional 340 shares during the period. Jefferies Financial Group Inc. boosted its stake in shares of QUALCOMM by 134.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 17,076 shares of the wireless technology company's stock valued at $2,623,000 after buying an additional 9,806 shares during the period. LRI Investments LLC boosted its stake in shares of QUALCOMM by 11.2% in the fourth quarter. LRI Investments LLC now owns 2,043 shares of the wireless technology company's stock valued at $314,000 after buying an additional 206 shares during the period. Finally, Logan Capital Management Inc. boosted its stake in shares of QUALCOMM by 6.5% in the fourth quarter. Logan Capital Management Inc. now owns 5,709 shares of the wireless technology company's stock valued at $877,000 after buying an additional 346 shares during the period. Institutional investors own 74.35% of the company's stock.

Insider Transactions at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the sale, the insider directly owned 21,193 shares in the company, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Patricia Y. Grech sold 236 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $158.36, for a total value of $37,372.96. Following the sale, the chief accounting officer owned 677 shares in the company, valued at approximately $107,209.72. This trade represents a 25.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,626 shares of company stock valued at $1,948,054. 0.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on QCOM shares. Mizuho cut their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Arete Research set a $200.00 price objective on shares of QUALCOMM in a research report on Tuesday, August 26th. UBS Group upped their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Bank of America cut their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, June 17th. Finally, Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, QUALCOMM presently has a consensus rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM traded up $2.56 during trading on Thursday, hitting $161.51. 8,352,587 shares of the company were exchanged, compared to its average volume of 6,619,301. The business's 50 day moving average is $156.40 and its 200-day moving average is $152.09. The company has a market capitalization of $174.27 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.06. The company had revenue of $10.37 billion during 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 for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

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

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.