Allianz SE Acquires New Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Allianz SE bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 68,721 shares of the wireless technology company's stock, valued at approximately $10,620,000.

A number of other institutional investors have also added to or reduced their stakes in QCOM. Kohmann Bosshard Financial Services LLC bought a new position in QUALCOMM during the fourth quarter worth about $26,000. CKW Financial Group bought a new stake in QUALCOMM in the 4th quarter valued at $27,000. Centricity Wealth Management LLC bought a new position in QUALCOMM during the fourth quarter worth $29,000. CoreFirst Bank & Trust acquired a new stake in shares of QUALCOMM during the 4th quarter worth about $33,000. Finally, Synergy Asset Management LLC bought a new stake in shares of QUALCOMM during the 4th quarter worth about $38,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Price Performance

NASDAQ QCOM traded up $0.89 during trading on Monday, hitting $153.61. 8,084,055 shares of the stock traded hands, compared to its average volume of 8,605,246. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a 12-month low of $147.99 and a 12-month high of $230.63. The firm has a 50-day simple moving average of $164.16 and a 200-day simple moving average of $163.82. The company has a market capitalization of $169.89 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.

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QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. As a group, analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were given a $0.85 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.21%. QUALCOMM's dividend payout ratio is currently 36.32%.

Insider Buying and Selling at QUALCOMM

In related news, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the sale, the insider now directly owns 20,762 shares in the company, valued at approximately $3,526,010.46. The trade was a 48.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $156.82, for a total transaction of $523,308.34. Following the transaction, the chief financial officer now owns 59,778 shares in the company, valued at $9,374,385.96. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,968 shares of company stock worth $4,685,077. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Evercore ISI decreased their price objective on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. Benchmark reissued a "buy" rating and issued a $240.00 price objective on shares of QUALCOMM in a report on Friday, February 7th. StockNews.com cut shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 12th. Piper Sandler reduced their price target on QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Finally, Melius Research assumed coverage on QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 price target for the company. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, QUALCOMM has an average rating of "Moderate Buy" and a consensus price target of $205.32.

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.