denkapparat Operations GmbH Invests $1.23 Million in QUALCOMM Incorporated (NASDAQ:QCOM)

denkapparat Operations GmbH purchased a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) in the fourth quarter, HoldingsChannel reports. The firm purchased 8,020 shares of the wireless technology company’s stock, valued at approximately $1,232,000. QUALCOMM accounts for approximately 1.8% of denkapparat Operations GmbH’s investment portfolio, making the stock its 5th biggest position.

Several other institutional investors have also recently bought and sold shares of QCOM. Kohmann Bosshard Financial Services LLC acquired a new position in shares of QUALCOMM during the fourth quarter valued at $26,000. CKW Financial Group bought a new stake in QUALCOMM during the 4th quarter worth about $27,000. Centricity Wealth Management LLC acquired a new position in QUALCOMM during the 4th quarter valued at about $29,000. CoreFirst Bank & Trust bought a new position in shares of QUALCOMM in the 4th quarter valued at about $33,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of QUALCOMM during the 4th quarter worth approximately $38,000. Institutional investors own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

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

Analyst Upgrades and Downgrades

QCOM has been the topic of several analyst reports. Cantor Fitzgerald restated a “neutral” rating and issued a $160.00 price objective on shares of QUALCOMM in a report on Thursday, February 6th. Mizuho reduced their price target on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Barclays decreased their price objective on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Melius initiated coverage on QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 target price on the stock. Finally, Benchmark restated a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.32.

QUALCOMM Trading Down 0.3 %

Shares of NASDAQ:QCOM opened at $157.97 on Friday. The stock has a market capitalization of $174.71 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. The company’s 50-day moving average price is $164.40 and its two-hundred day moving average price is $163.88. 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 Incorporated has a one year low of $149.43 and a one year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share 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%. On average, equities analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed 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 2.15%. QUALCOMM’s payout ratio is 36.32%.

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.