Signaturefd LLC Has $441,000 Position in QUALCOMM Incorporated (NASDAQ:QCOM)
Signaturefd LLC cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,693 shares of the wireless technology company’s stock after selling 128 shares during the period. Signaturefd LLC’s holdings in QUALCOMM were worth $441,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Sii Investments Inc. WI raised its stake in shares of QUALCOMM by 69.4% in the first quarter. Sii Investments Inc. WI now owns 24,857 shares of the wireless technology company’s stock valued at $1,423,000 after buying an additional 10,187 shares during the period. Level Four Advisory Services LLC raised its stake in shares of QUALCOMM by 19.3% in the first quarter. Level Four Advisory Services LLC now owns 37,285 shares of the wireless technology company’s stock valued at $2,120,000 after buying an additional 6,022 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of QUALCOMM during the first quarter valued at about $511,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of QUALCOMM during the first quarter valued at about $13,289,000. Finally, Oppenheimer & Co. Inc. raised its stake in shares of QUALCOMM by 1.4% in the first quarter. Oppenheimer & Co. Inc. now owns 283,817 shares of the wireless technology company’s stock valued at $16,274,000 after buying an additional 3,968 shares during the period. 76.61% of the stock is currently owned by hedge funds and other institutional investors.
QUALCOMM Incorporated (NASDAQ QCOM) traded up 0.32% during mid-day trading on Friday, reaching $52.51. The company had a trading volume of 1,737,069 shares. QUALCOMM Incorporated has a one year low of $51.05 and a one year high of $71.62. The firm has a market capitalization of $77.51 billion, a P/E ratio of 20.11 and a beta of 1.29. The firm’s 50-day moving average is $54.58 and its 200-day moving average is $55.62.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%. The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same period in the previous year, the firm earned $1.16 earnings per share. The company’s revenue was down 11.1% compared to the same quarter last year. On average, equities research analysts anticipate that QUALCOMM Incorporated will post $4.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Monday, August 28th. QUALCOMM’s dividend payout ratio (DPR) is presently 87.36%.
Several research firms have recently weighed in on QCOM. Zacks Investment Research raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company reaffirmed an “outperform” rating on shares of QUALCOMM in a report on Monday, July 31st. ValuEngine lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of QUALCOMM in a report on Tuesday, July 25th. Finally, BidaskClub lowered shares of QUALCOMM from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $63.96.
In other news, EVP Michelle M. Sterling sold 5,509 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $59.11, for a total transaction of $325,636.99. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alexander H. Rogers sold 470 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $57.28, for a total value of $26,921.60. Following the transaction, the executive vice president now directly owns 3,049 shares in the company, valued at $174,646.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,101 shares of company stock worth $2,955,612. Insiders own 0.17% of the company’s stock.
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
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