DekaBank Deutsche Girozentrale Sells 37,643 Shares of QUALCOMM Incorporated $QCOM

DekaBank Deutsche Girozentrale lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 6.1% in the second quarter, HoldingsChannel.com reports. The firm owned 580,772 shares of the wireless technology company’s stock after selling 37,643 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in QUALCOMM were worth $92,175,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of QCOM. Bogart Wealth LLC lifted its holdings in shares of QUALCOMM by 161.6% during the 2nd quarter. Bogart Wealth LLC now owns 1,970 shares of the wireless technology company’s stock worth $314,000 after acquiring an additional 1,217 shares during the period. Drive Wealth Management LLC lifted its holdings in shares of QUALCOMM by 13.3% during the 2nd quarter. Drive Wealth Management LLC now owns 3,007 shares of the wireless technology company’s stock worth $479,000 after acquiring an additional 352 shares during the period. Princeton Global Asset Management LLC lifted its holdings in shares of QUALCOMM by 60.1% during the 2nd quarter. Princeton Global Asset Management LLC now owns 980 shares of the wireless technology company’s stock worth $156,000 after acquiring an additional 368 shares during the period. CORDA Investment Management LLC. lifted its holdings in shares of QUALCOMM by 18.6% during the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock worth $3,579,000 after acquiring an additional 3,524 shares during the period. Finally, Balboa Wealth Partners lifted its holdings in shares of QUALCOMM by 3.4% during the 2nd quarter. Balboa Wealth Partners now owns 4,678 shares of the wireless technology company’s stock worth $745,000 after acquiring an additional 154 shares during the period. Institutional investors own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the completion of the transaction, the chief financial officer owned 36,541 shares of the company’s stock, valued at approximately $6,067,998.46. This trade represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 168,102 shares of company stock worth $27,706,855. 0.08% of the stock is currently owned by insiders.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $167.04 on Tuesday. The company has a market cap of $180.24 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 2.38 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The firm has a 50 day simple moving average of $162.38 and a 200 day simple moving average of $154.12. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $10.37 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period in the prior year, the company posted $2.33 EPS. The company’s revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s dividend payout ratio is 34.33%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on QCOM. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a report on Tuesday, August 26th. JPMorgan Chase & Co. upped their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, Citigroup reissued a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.82.

About QUALCOMM

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.