Qualcomm Incorporated $QCOM Shares Purchased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG raised its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 12.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,229 shares of the wireless technology company's stock after buying an additional 10,538 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Qualcomm were worth $17,413,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of QCOM. Your Advocates Ltd. LLP purchased a new stake in Qualcomm during the first quarter valued at about $26,000. Torren Management LLC acquired a new position in shares of Qualcomm in the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd increased its position in shares of Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after acquiring an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new position in shares of Qualcomm in the fourth quarter worth approximately $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of Qualcomm during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BNP Paribas Exane downgraded shares of Qualcomm to a "neutral" rating in a research report on Wednesday, April 29th. TD Cowen lowered their price objective on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. HSBC reissued a "hold" rating on shares of Qualcomm in a research note on Wednesday, July 15th. Oppenheimer set a $200.00 target price on Qualcomm in a report on Monday, July 27th. Finally, Robert W. Baird set a $400.00 target price on Qualcomm in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $203.63.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the transaction, the executive vice president owned 23,184 shares in the company, valued at $4,191,899.04. The trade was a 9.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 the business's stock in a transaction dated 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. This trade represents a 8.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 11,325 shares of company stock valued at $1,925,859. 0.05% of the stock is owned by insiders.

Qualcomm Stock Performance

QCOM stock opened at $160.75 on Friday. 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 stock has a market cap of $168.82 billion, a P/E ratio of 18.61, a P/E/G ratio of 14.84 and a beta of 1.65. The firm has a 50 day simple moving average of $178.26 and a 200 day simple moving average of $168.01. 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 released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the prior year, the company posted $2.77 EPS. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. Qualcomm's dividend payout ratio is 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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source