Hudson Capital Management LLC Grows Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Hudson Capital Management LLC grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,840 shares of the wireless technology company’s stock after purchasing an additional 642 shares during the period. Hudson Capital Management LLC’s holdings in QUALCOMM were worth $4,123,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in QCOM. Wescott Financial Advisory Group LLC purchased a new position in shares of QUALCOMM during the second quarter valued at approximately $449,000. Fred Alger Management LLC increased its position in shares of QUALCOMM by 5.8% during the second quarter. Fred Alger Management LLC now owns 55,972 shares of the wireless technology company’s stock valued at $11,149,000 after acquiring an additional 3,078 shares in the last quarter. Toronto Dominion Bank increased its position in shares of QUALCOMM by 6.2% during the second quarter. Toronto Dominion Bank now owns 767,394 shares of the wireless technology company’s stock valued at $152,850,000 after acquiring an additional 44,618 shares in the last quarter. Kingfisher Capital LLC increased its position in shares of QUALCOMM by 4.7% during the second quarter. Kingfisher Capital LLC now owns 1,820 shares of the wireless technology company’s stock valued at $362,000 after acquiring an additional 81 shares in the last quarter. Finally, Alpha DNA Investment Management LLC increased its position in shares of QUALCOMM by 32.8% during the second quarter. Alpha DNA Investment Management LLC now owns 6,045 shares of the wireless technology company’s stock valued at $1,204,000 after acquiring an additional 1,492 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Stock Up 1.8 %

NASDAQ:QCOM opened at $170.24 on Thursday. The firm has a market capitalization of $189.14 billion, a P/E ratio of 18.94, a PEG ratio of 2.79 and a beta of 1.25. QUALCOMM Incorporated has a 1-year low of $139.26 and a 1-year high of $230.63. The company’s fifty day moving average price is $158.86 and its 200-day moving average price is $168.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.01 by $0.25. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. As a group, equities research analysts anticipate that QUALCOMM Incorporated will post 9.12 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is 37.82%.

Insider Buying and Selling at QUALCOMM

In other news, insider Alexander H. Rogers sold 10,373 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,665,800.07. Following the transaction, the insider now directly owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. This trade represents a 23.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the completion of the transaction, the general counsel now directly owns 12,007 shares in the company, valued at approximately $1,981,875.42. This represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,882 shares of company stock valued at $4,314,649 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on QCOM shares. Citigroup dropped their price target on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 16th. Benchmark restated a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a research note on Thursday, November 7th. KeyCorp cut shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Evercore ISI boosted their target price on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, Barclays reduced their target price on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $206.57.

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.