Hudson Capital Management LLC Sells 125 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Hudson Capital Management LLC cut its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,198 shares of the wireless technology company’s stock after selling 125 shares during the quarter. Hudson Capital Management LLC’s holdings in QUALCOMM were worth $4,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Bell Investment Advisors Inc boosted its position in QUALCOMM by 40.8% during the 4th quarter. Bell Investment Advisors Inc now owns 1,423 shares of the wireless technology company’s stock valued at $206,000 after acquiring an additional 412 shares in the last quarter. Bayesian Capital Management LP boosted its position in QUALCOMM by 137.6% during the 4th quarter. Bayesian Capital Management LP now owns 191,000 shares of the wireless technology company’s stock valued at $27,624,000 after acquiring an additional 110,600 shares in the last quarter. Gotham Asset Management LLC boosted its position in QUALCOMM by 78.8% during the 4th quarter. Gotham Asset Management LLC now owns 113,194 shares of the wireless technology company’s stock valued at $16,371,000 after acquiring an additional 49,887 shares in the last quarter. Guardian Wealth Advisors LLC NC boosted its position in QUALCOMM by 1.7% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 6,502 shares of the wireless technology company’s stock valued at $940,000 after acquiring an additional 108 shares in the last quarter. Finally, Fort Sheridan Advisors LLC boosted its position in QUALCOMM by 6.1% during the 4th quarter. Fort Sheridan Advisors LLC now owns 18,409 shares of the wireless technology company’s stock valued at $2,662,000 after acquiring an additional 1,065 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

QCOM has been the subject of several recent research reports. KeyCorp lowered shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of QUALCOMM from $155.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, August 1st. TD Cowen upgraded shares of QUALCOMM to a “strong-buy” rating in a report on Monday, September 16th. Robert W. Baird lifted their target price on shares of QUALCOMM from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Finally, Tigress Financial lifted their target price on shares of QUALCOMM from $238.00 to $270.00 and gave the company a “buy” rating in a report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $209.38.

QUALCOMM Trading Down 1.0 %

NASDAQ:QCOM opened at $168.52 on Friday. QUALCOMM Incorporated has a 12 month low of $104.33 and a 12 month high of $230.63. The company has a 50 day simple moving average of $167.63 and a two-hundred day simple moving average of $181.97. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. The company has a market cap of $187.73 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 1.71 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.21. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. The firm had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $9.23 billion. Research analysts forecast that QUALCOMM Incorporated will post 8.02 earnings per share for the current year.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total transaction of $497,850.00. Following the completion of the sale, the chief financial officer now owns 51,437 shares of the company’s stock, valued at $8,535,970.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total value of $497,850.00. Following the completion of the transaction, the chief financial officer now owns 51,437 shares of the company’s stock, valued at approximately $8,535,970.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the completion of the transaction, the chief technology officer now directly owns 213,364 shares of the company’s stock, valued at $36,229,207.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,245 shares of company stock valued at $3,679,407 in the last 90 days. Company 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.