Hudson Capital Management LLC Acquires 971 Shares of QUALCOMM Incorporated $QCOM

Hudson Capital Management LLC raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,975 shares of the wireless technology company’s stock after purchasing an additional 971 shares during the period. Hudson Capital Management LLC’s holdings in QUALCOMM were worth $4,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd increased its stake in QUALCOMM by 565.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock valued at $19,098,000 after purchasing an additional 105,631 shares in the last quarter. PFG Advisors increased its stake in QUALCOMM by 8.0% during the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company’s stock valued at $663,000 after purchasing an additional 321 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in QUALCOMM by 3.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company’s stock valued at $28,979,000 after purchasing an additional 6,017 shares in the last quarter. Russell Investments Group Ltd. increased its stake in QUALCOMM by 12.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company’s stock valued at $203,904,000 after purchasing an additional 145,509 shares in the last quarter. Finally, Manchester Capital Management LLC increased its stake in QUALCOMM by 0.5% during the 1st quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company’s stock valued at $3,713,000 after purchasing an additional 129 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $522,814.38. Following the transaction, the chief financial officer owned 39,874 shares of the company’s stock, valued at approximately $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the sale, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock valued at $26,322,745 in the last 90 days. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of analyst reports. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the company an “outperform” rating in a research note on Monday, July 28th. Citigroup reaffirmed a “hold” rating on shares of QUALCOMM in a report on Thursday, July 17th. Piper Sandler dropped their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, July 31st. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of QUALCOMM in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.82.

QUALCOMM Stock Performance

QCOM opened at $161.78 on Tuesday. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market cap of $174.56 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 2.24 and a beta of 1.23. The company’s 50 day moving average is $160.68 and its 200 day moving average is $153.48. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. The company had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM 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.