Schechter Investment Advisors LLC Sells 1,485 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Schechter Investment Advisors LLC decreased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 17.6% during the fourth quarter, HoldingsChannel reports. The firm owned 6,972 shares of the wireless technology company’s stock after selling 1,485 shares during the quarter. Schechter Investment Advisors LLC’s holdings in QUALCOMM were worth $1,008,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of QCOM. Certified Advisory Corp lifted its position in QUALCOMM by 0.7% during the 1st quarter. Certified Advisory Corp now owns 11,582 shares of the wireless technology company’s stock valued at $1,770,000 after acquiring an additional 79 shares during the period. Source Financial Advisors LLC raised its holdings in QUALCOMM by 2.2% in the fourth quarter. Source Financial Advisors LLC now owns 3,903 shares of the wireless technology company’s stock worth $564,000 after buying an additional 85 shares during the last quarter. MCF Advisors LLC raised its holdings in QUALCOMM by 1.6% in the third quarter. MCF Advisors LLC now owns 5,891 shares of the wireless technology company’s stock worth $654,000 after buying an additional 90 shares during the last quarter. Chesley Taft & Associates LLC raised its holdings in shares of QUALCOMM by 0.5% during the fourth quarter. Chesley Taft & Associates LLC now owns 16,858 shares of the wireless technology company’s stock valued at $2,438,000 after purchasing an additional 90 shares during the last quarter. Finally, Bangor Savings Bank raised its holdings in shares of QUALCOMM by 1.0% during the fourth quarter. Bangor Savings Bank now owns 9,366 shares of the wireless technology company’s stock valued at $1,355,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Up 1.2 %

Shares of QUALCOMM stock opened at $169.13 on Thursday. The firm has a market cap of $188.75 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.28 and a beta of 1.41. The business has a 50-day moving average price of $157.05 and a 200-day moving average price of $135.64. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.63. QUALCOMM Incorporated has a twelve month low of $101.47 and a twelve month high of $177.59.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.43. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.50 billion. QUALCOMM had a return on equity of 38.06% and a net margin of 21.39%. Equities research analysts anticipate that QUALCOMM Incorporated will post 7.67 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were given a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.20 annualized dividend and a yield of 1.89%. QUALCOMM’s dividend payout ratio is currently 46.38%.

Insider Buying and Selling

In related news, CEO Cristiano R. Amon sold 8,100 shares of QUALCOMM stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $169.60, for a total value of $1,373,760.00. Following the completion of the transaction, the chief executive officer now owns 16,200 shares in the company, valued at $2,747,520. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other QUALCOMM news, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $169.60, for a total transaction of $1,373,760.00. Following the completion of the transaction, the chief executive officer now owns 16,200 shares in the company, valued at $2,747,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James J. Cathey sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $139.00, for a total value of $139,000.00. Following the transaction, the insider now owns 4,972 shares of the company’s stock, valued at approximately $691,108. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,360 shares of company stock worth $5,457,048. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

QCOM has been the subject of several research reports. Barclays boosted their price objective on shares of QUALCOMM from $140.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Mizuho increased their price target on shares of QUALCOMM from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Citigroup downgraded QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research report on Thursday, February 1st. KeyCorp lifted their price objective on QUALCOMM from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Finally, Morgan Stanley lowered shares of QUALCOMM from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $119.00 to $132.00 in a report on Friday, December 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.71.

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.