B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in QUALCOMM Incorporated (NASDAQ:QCOM)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 97,319 shares of the wireless technology company's stock, valued at approximately $16,549,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Wedge Capital Management L L P NC increased its position in QUALCOMM by 17.1% during the third quarter. Wedge Capital Management L L P NC now owns 354,389 shares of the wireless technology company's stock worth $60,264,000 after purchasing an additional 51,879 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in QUALCOMM by 39.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 176,817 shares of the wireless technology company's stock worth $30,068,000 after purchasing an additional 50,438 shares during the last quarter. Aljian Capital Management LLC acquired a new position in QUALCOMM during the third quarter worth approximately $1,820,000. Czech National Bank increased its position in shares of QUALCOMM by 6.5% in the third quarter. Czech National Bank now owns 226,933 shares of the wireless technology company's stock worth $38,590,000 after acquiring an additional 13,888 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of QUALCOMM by 0.9% in the second quarter. Legal & General Group Plc now owns 10,036,779 shares of the wireless technology company's stock worth $1,999,114,000 after acquiring an additional 86,195 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at QUALCOMM

In other news, CTO James H. Thompson sold 8,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the completion of the transaction, the chief technology officer now owns 213,364 shares in the company, valued at approximately $36,229,207.20. This trade represents a 3.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $165.06, for a total transaction of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares of the company's stock, valued at approximately $1,981,875.42. This trade represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,146 shares of company stock valued at $2,709,186. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

Shares of QUALCOMM stock traded up $0.21 during trading hours on Tuesday, reaching $164.71. The company's stock had a trading volume of 6,169,124 shares, compared to its average volume of 9,003,038. The company's 50 day simple moving average is $168.42 and its 200 day simple moving average is $182.23. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. QUALCOMM Incorporated has a one year low of $125.67 and a one year high of $230.63. The stock has a market cap of $182.99 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 2.70 and a beta of 1.28.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, December 5th. This represents a $3.40 annualized dividend and a yield of 2.06%. QUALCOMM's payout ratio is 37.82%.

Analysts Set New Price Targets

Several research firms have recently issued reports on QCOM. Wells Fargo & Company increased their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an "underweight" rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of QUALCOMM from $155.00 to $170.00 and gave the stock a "hold" rating in a research report on Thursday, August 1st. Robert W. Baird increased their price objective on shares of QUALCOMM from $200.00 to $250.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 23rd. Morgan Stanley decreased their target price on shares of QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com downgraded shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $210.92.

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.