Enterprise Financial Services Corp Sells 108 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Enterprise Financial Services Corp lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,751 shares of the wireless technology company’s stock after selling 108 shares during the quarter. Enterprise Financial Services Corp’s holdings in QUALCOMM were worth $269,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of QUALCOMM during the third quarter valued at $83,000. Leavell Investment Management Inc. grew its position in shares of QUALCOMM by 17.7% during the 3rd quarter. Leavell Investment Management Inc. now owns 23,229 shares of the wireless technology company’s stock worth $3,950,000 after buying an additional 3,495 shares during the period. Equitable Trust Co. grew its position in shares of QUALCOMM by 31.0% in the 3rd quarter. Equitable Trust Co. now owns 16,378 shares of the wireless technology company’s stock valued at $2,785,000 after purchasing an additional 3,874 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of QUALCOMM in the 3rd quarter valued at approximately $13,449,000. Finally, Crumly & Associates Inc. grew its position in shares of QUALCOMM by 121.7% in the 3rd quarter. Crumly & Associates Inc. now owns 3,432 shares of the wireless technology company’s stock valued at $584,000 after purchasing an additional 1,884 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Up 3.3 %

Shares of NASDAQ QCOM opened at $161.22 on Friday. QUALCOMM Incorporated has a one year low of $149.43 and a one year high of $230.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The business’s fifty day moving average price is $164.76 and its 200-day moving average price is $165.09. The stock has a market capitalization of $178.31 billion, a PE ratio of 17.22, a P/E/G ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results 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 net margin of 25.94% and a return on equity of 39.51%. On average, equities research analysts anticipate 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. Investors of record on Thursday, March 6th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.11%. QUALCOMM’s dividend payout ratio (DPR) is 36.32%.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of analyst reports. Susquehanna dropped their price objective on QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, November 20th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of QUALCOMM in a report on Thursday, February 6th. Evercore ISI decreased their price objective on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. StockNews.com upgraded QUALCOMM from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, Barclays decreased their price target on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.32.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 744 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $174.83, for a total value of $130,073.52. Following the transaction, the chief accounting officer now directly owns 461 shares in the company, valued at $80,596.63. This represents a 61.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $156.82, for a total value of $523,308.34. Following the completion of the transaction, the chief financial officer now owns 59,778 shares in the company, valued at $9,374,385.96. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,045 shares of company stock valued at $7,752,423. Corporate insiders own 0.08% of the company’s stock.

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.