QUALCOMM Incorporated $QCOM Shares Sold by Commerzbank Aktiengesellschaft FI

Key Points

• Commerzbank Aktiengesellschaft FI reduced its holdings in QUALCOMM by 29.6% during the 2nd quarter, now owning approximately 464,837 shares valued at $74 million.
• Insider trading reports indicate significant sales, with the Chief Accounting Officer selling 791 shares and the CFO selling 3,333 shares recently.
• QUALCOMM's EPS for the last quarter was $2.77, beating estimates and reflecting a 10.4% year-over-year revenue increase.

Commerzbank Aktiengesellschaft FI decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 29.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 464,837 shares of the wireless technology company's stock after selling 195,737 shares during the quarter. QUALCOMM comprises approximately 1.7% of Commerzbank Aktiengesellschaft FI's portfolio, making the stock its 19th biggest holding. Commerzbank Aktiengesellschaft FI's holdings in QUALCOMM were worth $74,030,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC increased its stake in QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 93 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew 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 purchasing an additional 70 shares during the last quarter. Chung Wu Investment Group LLC acquired a new stake in QUALCOMM in the second quarter valued at $32,000. Atticus Wealth Management LLC boosted its position in shares of QUALCOMM by 21,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock worth $34,000 after buying an additional 212 shares in the last quarter. Finally, Abound Financial LLC purchased a new stake in shares of QUALCOMM in the 1st quarter worth about $39,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insiders Place Their Bets

In related news, CAO Neil Martin sold 791 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the sale, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. This represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Trading Down 1.3%

Shares of QUALCOMM stock opened at $165.66 on Friday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The firm has a market cap of $178.75 billion, a PE ratio of 15.97, a P/E/G ratio of 2.45 and a beta of 1.23. The business's fifty day moving average is $160.28 and its two-hundred day moving average is $153.52. 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 (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.71 by $0.06. The firm had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Bank of America cut their target price on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, June 17th. Weiss Ratings reissued a "hold (c+)" rating on shares of QUALCOMM in a research note on Wednesday. Arete Research set a $200.00 target price on QUALCOMM in a report on Tuesday, August 26th. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $182.82.

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.

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