Qualcomm Incorporated $QCOM Shares Sold by Anchor Investment Management LLC

Key Points

• Anchor Investment Management LLC trimmed its stake in Qualcomm by 19.4%, selling 8,267 shares and leaving it with 34,296 shares valued at about $5.71 million as of the latest 13F filing.
• Insiders and other institutions have been actively trading—insiders sold 45,501 shares worth $7.78 million in the last quarter while institutional investors own about 74.35% of the company.
• Wall Street views are mixed with several price-target cuts and upgrades, Qualcomm's consensus rating is a Hold with an average target of $168, and the company pays a $0.89 quarterly dividend (annualized $3.56, ~2.7% yield).

Anchor Investment Management LLC trimmed its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 19.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,296 shares of the wireless technology company's stock after selling 8,267 shares during the period. Anchor Investment Management LLC's holdings in Qualcomm were worth $5,705,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in QCOM. Harbor Capital Advisors Inc. lifted its position in shares of Qualcomm by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 65 shares during the last quarter. Cloud Capital Management LLC acquired a new position in shares of Qualcomm in the 3rd quarter worth $27,000. Winnow Wealth LLC acquired a new stake in shares of Qualcomm during the second quarter worth $32,000. Lavaca Capital LLC purchased a new stake in shares of Qualcomm during the second quarter valued at $32,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Qualcomm during the second quarter valued at $38,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on QCOM shares. Cantor Fitzgerald dropped their price target on Qualcomm from $185.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, February 2nd. DZ Bank upgraded shares of Qualcomm to a "strong-buy" rating in a report on Tuesday, February 10th. Mizuho decreased their price objective on shares of Qualcomm from $160.00 to $140.00 and set a "neutral" rating for the company in a research note on Thursday, February 5th. Morgan Stanley started coverage on shares of Qualcomm in a research note on Tuesday, February 10th. They set an "underweight" rating and a $132.00 target price on the stock. Finally, Daiwa Securities Group lowered Qualcomm from an "outperform" rating to a "neutral" rating and set a $140.00 target price for the company. in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Qualcomm currently has an average rating of "Hold" and an average target price of $168.00.

Qualcomm Stock Down 1.0%

Shares of Qualcomm stock opened at $129.82 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The firm has a market cap of $138.52 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 6.48 and a beta of 1.25. The stock has a 50-day simple moving average of $149.54 and a 200-day simple moving average of $162.36. Qualcomm Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.38 by $0.12. The company had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. Qualcomm's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, equities research analysts expect that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, March 5th. Qualcomm's dividend payout ratio (DPR) is presently 73.55%.

Insider Buying and Selling

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president owned 16,393 shares of the company's stock, valued at $2,245,841. This trade represents a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alexander H. Rogers sold 15,917 shares of the business's stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the completion of the sale, the executive vice president owned 26,071 shares of the company's stock, valued at $4,640,898.71. The trade was a 37.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,501 shares of company stock valued at $7,784,198 in the last quarter. Company insiders own 0.05% of the company's stock.

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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