Anchor Capital Advisors LLC Sells 2,283 Shares of QUALCOMM, Inc. (QCOM)

Anchor Capital Advisors LLC lessened its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 5.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 36,849 shares of the wireless technology company’s stock after selling 2,283 shares during the period. Anchor Capital Advisors LLC’s holdings in QUALCOMM were worth $1,910,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Oak Associates Ltd. OH lifted its position in shares of QUALCOMM by 6.1% in the first quarter. Oak Associates Ltd. OH now owns 345,726 shares of the wireless technology company’s stock valued at $19,824,000 after acquiring an additional 19,932 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of QUALCOMM by 18.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 26,171 shares of the wireless technology company’s stock valued at $1,501,000 after acquiring an additional 4,071 shares in the last quarter. 10 15 Associates Inc. lifted its position in shares of QUALCOMM by 1,351.6% in the first quarter. 10 15 Associates Inc. now owns 190,451 shares of the wireless technology company’s stock valued at $10,920,000 after acquiring an additional 177,331 shares in the last quarter. Lowe Brockenbrough & Co. Inc. lifted its position in shares of QUALCOMM by 31.2% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 123,633 shares of the wireless technology company’s stock valued at $7,089,000 after acquiring an additional 29,422 shares in the last quarter. Finally, Private Asset Management Inc. lifted its position in shares of QUALCOMM by 0.5% in the second quarter. Private Asset Management Inc. now owns 736,973 shares of the wireless technology company’s stock valued at $40,696,000 after acquiring an additional 4,028 shares in the last quarter. 76.20% of the stock is owned by institutional investors and hedge funds.

In other QUALCOMM news, EVP Alexander H. Rogers sold 919 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $64.32, for a total transaction of $59,110.08. Following the sale, the executive vice president now directly owns 11,116 shares in the company, valued at $714,981.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alexander H. Rogers sold 874 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $68.52, for a total value of $59,886.48. Following the sale, the executive vice president now owns 12,035 shares in the company, valued at $824,638.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,989 shares of company stock worth $1,868,744. Company insiders own 0.24% of the company’s stock.

Shares of QUALCOMM, Inc. (NASDAQ QCOM) opened at $65.27 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81. The company has a market capitalization of $96,220.00, a PE ratio of 39.56, a P/E/G ratio of 1.89 and a beta of 1.39. QUALCOMM, Inc. has a 52-week low of $48.92 and a 52-week high of $69.28.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.22. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.80 billion. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.28 earnings per share. analysts anticipate that QUALCOMM, Inc. will post 3.07 EPS for the current fiscal year.

Several equities analysts have recently commented on QCOM shares. Northland Securities upgraded QUALCOMM from a “market perform” rating to an “outperform” rating and set a $62.50 price objective on the stock in a research report on Friday, September 15th. Zacks Investment Research downgraded QUALCOMM from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Stifel Nicolaus restated a “buy” rating on shares of QUALCOMM in a research report on Thursday, October 12th. Mizuho restated a “buy” rating on shares of QUALCOMM in a research report on Friday, October 27th. Finally, BMO Capital Markets boosted their price objective on QUALCOMM from $55.00 to $57.00 and gave the company a “market perform” rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $66.06.

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QUALCOMM Company Profile

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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