Deutsche Bank AG Sells 59,609 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Deutsche Bank AG decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,790,498 shares of the wireless technology company's stock after selling 59,609 shares during the quarter. Deutsche Bank AG owned 0.70% of QUALCOMM worth $1,196,776,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in QCOM. Dunhill Financial LLC increased its holdings in shares of QUALCOMM by 43.7% during the fourth quarter. Dunhill Financial LLC now owns 2,193 shares of the wireless technology company's stock worth $337,000 after buying an additional 667 shares in the last quarter. Eagle Global Advisors LLC grew its holdings in shares of QUALCOMM by 1.1% during the fourth quarter. Eagle Global Advisors LLC now owns 53,194 shares of the wireless technology company's stock worth $8,172,000 after purchasing an additional 580 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of QUALCOMM by 3.7% in the fourth quarter. EP Wealth Advisors LLC now owns 101,565 shares of the wireless technology company's stock valued at $15,602,000 after buying an additional 3,604 shares in the last quarter. Collar Capital Management LLC bought a new position in shares of QUALCOMM in the fourth quarter valued at about $2,196,000. Finally, Colonial Trust Co SC lifted its position in QUALCOMM by 5.4% during the 4th quarter. Colonial Trust Co SC now owns 6,746 shares of the wireless technology company's stock worth $1,036,000 after buying an additional 343 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Up 0.1 %

QCOM traded up $0.20 during trading on Friday, hitting $145.30. The company had a trading volume of 6,214,779 shares, compared to its average volume of 8,897,737. The firm's 50-day moving average price is $146.38 and its 200 day moving average price is $157.55. The company has a market capitalization of $159.54 billion, a PE ratio of 15.52, a PEG ratio of 2.01 and a beta of 1.29. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.82 by $0.03. QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. The business had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $10.58 billion. During the same period last year, the company earned $2.44 earnings per share. QUALCOMM's quarterly revenue was up 17.0% on a year-over-year basis. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Thursday, June 5th. This is a positive change from QUALCOMM's previous quarterly dividend of $0.85. QUALCOMM's payout ratio is currently 36.25%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research note on Thursday, May 1st. Susquehanna dropped their price objective on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a research report on Thursday, May 1st. Evercore ISI decreased their price objective on QUALCOMM from $179.00 to $157.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Barclays dropped their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Finally, Citigroup decreased their price target on QUALCOMM from $185.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $192.08.

Insider Buying and Selling

In other news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $137.74, for a total value of $220,384.00. Following the completion of the transaction, the insider now owns 22,793 shares of the company's stock, valued at $3,139,507.82. This trade represents a 6.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Akash J. Palkhiwala sold 269 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $131.10, for a total value of $35,265.90. Following the transaction, the chief financial officer now directly owns 57,728 shares in the company, valued at approximately $7,568,140.80. This trade represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,599 shares of company stock worth $5,733,290. 0.08% of the stock is owned by insiders.

QUALCOMM Profile

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.