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

B. Metzler seel. Sohn & Co. AG cut its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 95,669 shares of the wireless technology company’s stock after selling 1,650 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in QUALCOMM were worth $14,700,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. ARGA Investment Management LP lifted its position in QUALCOMM by 18.8% during the 3rd quarter. ARGA Investment Management LP now owns 6,338 shares of the wireless technology company’s stock worth $1,078,000 after buying an additional 1,001 shares in the last quarter. Semmax Financial Advisors Inc. lifted its position in shares of QUALCOMM by 57.8% during the third quarter. Semmax Financial Advisors Inc. now owns 10,600 shares of the wireless technology company’s stock worth $1,732,000 after purchasing an additional 3,884 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of QUALCOMM during the third quarter valued at approximately $15,657,000. B&L Asset Management LLC acquired a new stake in shares of QUALCOMM in the third quarter valued at approximately $632,000. Finally, Kestra Investment Management LLC bought a new position in QUALCOMM in the 3rd quarter worth approximately $775,000. 74.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction on Monday, February 10th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total transaction of $246,784.00. Following the transaction, the insider now owns 24,393 shares of the company’s stock, valued at approximately $3,762,376.32. This represents a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,968 shares of company stock valued at $4,685,077 in the last quarter. 0.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of recent research reports. Benchmark reiterated a “buy” rating and issued a $240.00 price objective on shares of QUALCOMM in a research report on Friday, February 7th. Melius Research assumed coverage on QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price target on the stock. Evercore ISI dropped their price objective on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Barclays cut their target price on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $160.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.32.

QUALCOMM Stock Down 3.3 %

Shares of QCOM stock opened at $152.72 on Monday. QUALCOMM Incorporated has a 12-month low of $149.43 and a 12-month high of $230.63. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average of $164.16 and a 200-day moving average of $163.82. The company has a market capitalization of $168.91 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 2.01 and a beta of 1.28.

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

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, March 6th. QUALCOMM’s payout ratio is 36.32%.

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.