QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Hudson Capital Management LLC

Hudson Capital Management LLC raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,840 shares of the wireless technology company’s stock after acquiring 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.

A number of other institutional investors have also made changes to their positions in QCOM. Wescott Financial Advisory Group LLC acquired a new stake in shares of QUALCOMM during the second quarter valued at about $449,000. Fred Alger Management LLC grew its holdings in shares of QUALCOMM by 5.8% in 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 purchasing an additional 3,078 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of QUALCOMM by 6.2% in the second quarter. Toronto Dominion Bank now owns 767,394 shares of the wireless technology company’s stock valued at $152,850,000 after purchasing an additional 44,618 shares in the last quarter. Kingfisher Capital LLC lifted its holdings in QUALCOMM by 4.7% during the 2nd quarter. Kingfisher Capital LLC now owns 1,820 shares of the wireless technology company’s stock worth $362,000 after buying an additional 81 shares in the last quarter. Finally, Alpha DNA Investment Management LLC lifted its holdings in QUALCOMM by 32.8% during the 2nd quarter. Alpha DNA Investment Management LLC now owns 6,045 shares of the wireless technology company’s stock worth $1,204,000 after buying an additional 1,492 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on QCOM. Melius began coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 target price on the stock. Sanford C. Bernstein raised their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Loop Capital started coverage on shares of QUALCOMM in a research note on Monday, November 11th. They set a “hold” rating and a $180.00 price target on the stock. Citigroup lowered their price objective on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. Finally, Melius Research began coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $206.57.

QUALCOMM Price Performance

QCOM opened at $170.24 on Thursday. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a 52-week low of $139.26 and a 52-week high of $230.63. The company has a 50 day moving average of $158.86 and a two-hundred day moving average of $168.02. The company has a market cap of $189.14 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.79 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.25. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. On average, analysts expect that QUALCOMM Incorporated will post 9.12 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently announced 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 2.00%. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 1,304 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at $14,570. This represents a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $165.06, for a total transaction of $313,779.06. Following the completion of the sale, the general counsel now directly owns 12,007 shares in the company, valued at $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 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.

About QUALCOMM

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.