Commerzbank Aktiengesellschaft FI Invests $24.30 Million in Qualcomm Incorporated $QCOM

Key Points

• Commerzbank Aktiengesellschaft FI acquired 131,511 Qualcomm shares worth approximately $24.3 million during the second quarter. Institutional investors collectively own 74.35% of Qualcomm’s outstanding stock.
• Analyst sentiment remains mixed, with Qualcomm holding a consensus “Hold” rating and an average price target of $203.63. Recent price targets were lowered by Citigroup and Cantor Fitzgerald.
• Qualcomm’s latest quarterly results slightly missed earnings expectations but exceeded revenue estimates, while year-over-year revenue declined 4%. The company also declared a quarterly dividend of $0.92 per share, representing a 2.3% yield.

Commerzbank Aktiengesellschaft FI acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 131,511 shares of the wireless technology company's stock, valued at approximately $24,302,000.

Other large investors have also made changes to their positions in the company. Your Advocates Ltd. LLP acquired a new position in Qualcomm in the 1st quarter valued at about $26,000. Torren Management LLC purchased a new position in Qualcomm in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after purchasing an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new stake in shares of Qualcomm during the 4th quarter worth about $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of Qualcomm during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Citigroup cut their price objective on shares of Qualcomm from $198.00 to $175.00 and set a "neutral" rating for the company in a research report on Wednesday, July 29th. Oppenheimer set a $200.00 target price on shares of Qualcomm in a research report on Monday, July 27th. Monness Crespi & Hardt raised shares of Qualcomm to a "buy" rating in a research note on Thursday, June 25th. Cantor Fitzgerald cut their price target on Qualcomm from $200.00 to $165.00 and set a "neutral" rating for the company in a report on Monday, July 27th. Finally, HSBC reissued a "hold" rating on shares of Qualcomm in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Qualcomm currently has a consensus rating of "Hold" and a consensus target price of $203.63.

Insider Buying and Selling at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the transaction, the executive vice president directly owned 20,684 shares of the company's stock, valued at approximately $3,376,869.84. This trade represents a 10.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the transaction, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. The trade was 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 a total of 10,700 shares of company stock worth $1,824,078 over the last ninety days. Corporate insiders own 0.05% of the company's stock.

Qualcomm Price Performance

Qualcomm stock opened at $161.91 on Thursday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The firm has a 50 day moving average price of $180.12 and a 200 day moving average price of $168.00. The company has a market cap of $170.04 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 14.79 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders 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 dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio is presently 42.59%.

Qualcomm Profile

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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