B. Metzler seel. Sohn & Co. AG Cuts Position in QUALCOMM Incorporated $QCOM

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its stake in QUALCOMM by 6.6%, owning 89,309 shares worth approximately $13.72 million after selling 6,360 shares in the first quarter.
• QUALCOMM reported quarterly earnings of $2.77 EPS, surpassing expectations with revenue reaching $10.37 billion, a 10.4% increase year-over-year.
• The company has announced a quarterly dividend of $0.89, with an annualized yield of 2.2% and a payout ratio of 34.33%.

B. Metzler seel. Sohn & Co. AG trimmed its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,309 shares of the wireless technology company's stock after selling 6,360 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in QUALCOMM were worth $13,719,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Banque Transatlantique SA purchased a new stake in shares of QUALCOMM in the 4th quarter valued at approximately $26,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 70 shares during the last quarter. WFA Asset Management Corp purchased a new position in QUALCOMM in the first quarter worth approximately $27,000. Sunbeam Capital Management LLC acquired a new stake in QUALCOMM during the fourth quarter worth $29,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in QUALCOMM in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $148.10, for a total transaction of $493,617.30. Following the transaction, the chief financial officer directly owned 43,207 shares in the company, valued at $6,398,956.70. The trade was a 7.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the transaction, the insider directly owned 21,193 shares of the company's stock, valued at $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,626 shares of company stock worth $1,912,190 in the last ninety days. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on QCOM. Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Robert W. Baird lowered their target price on shares of QUALCOMM from $250.00 to $216.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Arete Research set a $200.00 price target on shares of QUALCOMM in a research report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Citigroup reissued a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Stock Performance

QCOM traded up $1.03 on Thursday, reaching $160.80. The company had a trading volume of 8,151,095 shares, compared to its average volume of 7,963,111. The stock has a 50-day moving average price of $155.99 and a 200-day moving average price of $152.86. The stock has a market capitalization of $173.50 billion, a PE ratio of 15.51, a P/E/G ratio of 2.32 and a beta of 1.23. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. The company had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. QUALCOMM's payout ratio is presently 34.33%.

QUALCOMM Company 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.