Signature Estate & Investment Advisors LLC Has $344,000 Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Signature Estate & Investment Advisors LLC cut its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 6.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,238 shares of the wireless technology company’s stock after selling 160 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in QUALCOMM were worth $344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of QCOM. Principal Street Partners LLC grew its holdings in shares of QUALCOMM by 91.9% during the 3rd quarter. Principal Street Partners LLC now owns 2,303 shares of the wireless technology company’s stock valued at $392,000 after acquiring an additional 1,103 shares in the last quarter. Cadence Bank grew its stake in QUALCOMM by 1.2% in the third quarter. Cadence Bank now owns 65,385 shares of the wireless technology company’s stock valued at $11,119,000 after purchasing an additional 781 shares in the last quarter. Townsquare Capital LLC increased its position in QUALCOMM by 11.8% in the 3rd quarter. Townsquare Capital LLC now owns 151,650 shares of the wireless technology company’s stock worth $25,788,000 after purchasing an additional 16,054 shares during the last quarter. Capital Counsel LLC NY raised its stake in shares of QUALCOMM by 1.7% during the 3rd quarter. Capital Counsel LLC NY now owns 583,346 shares of the wireless technology company’s stock worth $99,198,000 after purchasing an additional 9,669 shares in the last quarter. Finally, Freedom Investment Management Inc. lifted its holdings in shares of QUALCOMM by 11.5% during the 3rd quarter. Freedom Investment Management Inc. now owns 16,182 shares of the wireless technology company’s stock valued at $2,752,000 after buying an additional 1,667 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM opened at $158.39 on Thursday. The firm has a market capitalization of $175.18 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a one year low of $149.43 and a one year high of $230.63. The business has a fifty day simple moving average of $164.47 and a 200 day simple moving average of $163.92. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 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%. Sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.15%. QUALCOMM’s dividend payout ratio is currently 36.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Benchmark restated a “buy” rating and issued a $240.00 price objective on shares of QUALCOMM in a report on Friday, February 7th. Evercore ISI cut their price target on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $160.00 price objective on shares of QUALCOMM in a report on Thursday, February 6th. Piper Sandler cut their target price on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, QUALCOMM presently has an average rating of “Moderate Buy” and an average target price of $205.32.

Insider Transactions at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated 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. This trade represents a 6.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Neil Martin sold 744 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the sale, the chief accounting officer now directly owns 461 shares of the company’s stock, valued at approximately $80,596.63. The trade was a 61.74 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,968 shares of company stock valued at $4,685,077. Corporate insiders own 0.08% of the company’s stock.

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.