Commerzbank Aktiengesellschaft FI Purchases 148,373 Shares of Qualcomm Incorporated $QCOM

Commerzbank Aktiengesellschaft FI raised its position in shares of Qualcomm Incorporated (NASDAQ:QCOMFree Report) by 42.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 498,125 shares of the wireless technology company’s stock after purchasing an additional 148,373 shares during the period. Qualcomm makes up approximately 1.3% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 25th largest holding. Commerzbank Aktiengesellschaft FI’s holdings in Qualcomm were worth $64,149,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Your Advocates Ltd. LLP bought a new position in shares of Qualcomm during the 1st quarter valued at about $26,000. Richardson Financial Services Inc. raised its holdings in shares of Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 80 shares in the last quarter. Torren Management LLC bought a new stake in Qualcomm in the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd lifted its position in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after buying an additional 170 shares during the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new stake in Qualcomm in the fourth quarter worth approximately $31,000. Institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on QCOM shares. UBS Group set a $190.00 price target on shares of Qualcomm in a research report on Monday. BNP Paribas Exane lowered shares of Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. Lake Street Capital cut shares of Qualcomm to a “hold” rating in a research note on Thursday, June 25th. Melius Research set a $220.00 target price on shares of Qualcomm in a report on Monday, May 18th. Finally, Mizuho lifted their target price on shares of Qualcomm from $170.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and an average price target of $219.76.

Get Our Latest Report on QCOM

Insider Activity

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total transaction of $529,750.00. Following the completion of the sale, the executive vice president directly owned 28,184 shares in the company, valued at approximately $5,972,189.60. This represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 21,721 shares of company stock valued at $4,044,465. 0.05% of the stock is currently owned by insiders.

Qualcomm Stock Down 0.8%

Shares of Qualcomm stock opened at $170.32 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The company’s 50 day moving average price is $206.28 and its 200-day moving average price is $168.36. The stock has a market capitalization of $179.52 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 5.10 and a beta of 1.63.

Qualcomm (NASDAQ:QCOMGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities research analysts forecast that Qualcomm Incorporated will post 7.97 EPS for the current year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. Qualcomm’s payout ratio is presently 40.00%.

About Qualcomm

(Free Report)

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.

Recommended Stories

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOMFree Report).

Institutional Ownership by Quarter for Qualcomm (NASDAQ:QCOM)

Receive News & Ratings for Qualcomm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualcomm and related companies with MarketBeat.com's FREE daily email newsletter.