B. Metzler seel. Sohn & Co. AG Sells 1,650 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

B. Metzler seel. Sohn & Co. AG reduced its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 95,669 shares of the wireless technology company's stock after selling 1,650 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in QUALCOMM were worth $14,700,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QCOM. ARGA Investment Management LP boosted its holdings in shares of QUALCOMM by 18.8% during the third quarter. ARGA Investment Management LP now owns 6,338 shares of the wireless technology company's stock worth $1,078,000 after acquiring an additional 1,001 shares during the period. Semmax Financial Advisors Inc. boosted its stake in QUALCOMM by 57.8% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 10,600 shares of the wireless technology company's stock valued at $1,732,000 after purchasing an additional 3,884 shares during the period. Erste Asset Management GmbH acquired a new position in QUALCOMM in the 3rd quarter valued at $15,657,000. B&L Asset Management LLC bought a new position in QUALCOMM during the 3rd quarter worth $632,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of QUALCOMM during the third quarter worth $775,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Alexander H. Rogers sold 19,287 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the sale, the insider now owns 20,762 shares of the company's stock, valued at $3,526,010.46. This trade represents a 48.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the transaction, the insider now directly owns 24,393 shares in the company, valued at approximately $3,762,376.32. This trade represents a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,968 shares of company stock valued at $4,685,077. 0.08% of the stock is currently owned by insiders.

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QUALCOMM Trading Down 9.8 %

Shares of QUALCOMM stock traded down $15.11 during trading on Thursday, hitting $138.97. The company's stock had a trading volume of 6,115,138 shares, compared to its average volume of 8,586,039. The stock has a market cap of $153.70 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 52 week low of $138.88 and a 52 week high of $230.63. The stock has a 50-day moving average price of $163.33 and a two-hundred day moving average price of $163.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results 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%. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a $0.85 dividend. The ex-dividend date was Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.45%. QUALCOMM's dividend payout ratio (DPR) is currently 36.32%.

Analysts Set New Price Targets

A number of equities analysts recently commented on QCOM shares. Mizuho lowered their price target on shares of QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. StockNews.com cut shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 12th. Melius started coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a "hold" rating and a $180.00 price target for the company. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. Finally, Melius Research started coverage on QUALCOMM in a report on Monday, December 9th. They issued a "hold" rating and a $180.00 price objective for the company. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.32.

QUALCOMM 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.