Deutsche Bank AG acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,376,694 shares of the wireless technology company's stock, valued at approximately $1,178,349,000. Deutsche Bank AG owned about 0.61% of Qualcomm at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Perigon Wealth Management LLC bought a new position in shares of Qualcomm in the second quarter valued at $7,585,000. Commerzbank Aktiengesellschaft FI acquired a new stake in Qualcomm in the second quarter valued at $24,302,000. Phillips Wealth Planners LLC bought a new position in shares of Qualcomm in the 2nd quarter valued at about $328,000. Trust Co. of Vermont bought a new position in shares of Qualcomm in the 2nd quarter valued at about $1,971,000. Finally, Principle Wealth Partners LLC acquired a new position in shares of Qualcomm during the 2nd quarter worth about $6,216,000. 74.35% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Guggenheim set a $200.00 target price on shares of Qualcomm in a report on Monday, June 22nd. Evercore set a $159.00 price target on Qualcomm in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $160.00 price target on shares of Qualcomm in a research report on Thursday, April 30th. Bank of America upped their price objective on Qualcomm from $165.00 to $195.00 and gave the company an "underperform" rating in a research note on Tuesday, June 23rd. Finally, The Goldman Sachs Group set a $160.00 price objective on Qualcomm in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $203.63.
Read Our Latest Stock Analysis on QCOM
Insider Activity at Qualcomm
In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the transaction, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction that occurred 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 sale, the executive vice president directly owned 20,684 shares of the company's stock, valued at approximately $3,376,869.84. The trade was a 10.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 10,700 shares of company stock worth $1,824,078 in the last ninety days. 0.05% of the stock is owned by company insiders.
Qualcomm Stock Performance
NASDAQ QCOM opened at $161.91 on Thursday. The stock has a market cap of $170.04 billion, a PE ratio of 18.74, a P/E/G ratio of 14.79 and a beta of 1.65. 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 of $180.12 and a 200-day moving average of $168.00. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92.
Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current year.
Qualcomm Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. Qualcomm's dividend payout ratio is presently 42.59%.
Qualcomm Company Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOM - Free Report).
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