Dudley Capital Management LLC Has $1.83 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Dudley Capital Management LLC trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,730 shares of the wireless technology company’s stock after selling 449 shares during the period. Dudley Capital Management LLC’s holdings in QUALCOMM were worth $1,825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of QCOM. Portside Wealth Group LLC boosted its holdings in QUALCOMM by 9.4% during the third quarter. Portside Wealth Group LLC now owns 16,092 shares of the wireless technology company’s stock valued at $2,736,000 after acquiring an additional 1,381 shares during the period. Consolidated Planning Corp acquired a new position in shares of QUALCOMM during the 3rd quarter worth about $951,000. Western Pacific Wealth Management LP bought a new stake in QUALCOMM during the 3rd quarter valued at approximately $68,000. JB Capital LLC grew its holdings in QUALCOMM by 5.4% in the 3rd quarter. JB Capital LLC now owns 51,847 shares of the wireless technology company’s stock valued at $8,817,000 after buying an additional 2,673 shares during the last quarter. Finally, Jmac Enterprises LLC bought a new position in QUALCOMM in the 3rd quarter worth approximately $426,000. 74.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on QCOM. Cantor Fitzgerald reissued a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a report on Thursday. Susquehanna decreased their target price on QUALCOMM from $250.00 to $230.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. HSBC cut QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price target for the company. in a report on Wednesday, July 17th. Citigroup lowered their price objective on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. Finally, Benchmark reaffirmed a “buy” rating and issued a $240.00 target price on shares of QUALCOMM in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $212.16.

QUALCOMM Trading Down 0.0 %

QCOM opened at $172.91 on Friday. The stock has a market capitalization of $192.62 billion, a P/E ratio of 22.40, a P/E/G ratio of 1.66 and a beta of 1.28. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. QUALCOMM Incorporated has a 12 month low of $119.15 and a 12 month high of $230.63. The firm’s fifty day simple moving average is $168.55 and its 200 day simple moving average is $182.14.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 38.12% and a net margin of 23.32%. As a group, research analysts anticipate that QUALCOMM Incorporated will post 8.02 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, December 5th. This represents a $3.40 annualized dividend and a dividend yield of 1.97%. QUALCOMM’s dividend payout ratio is currently 44.04%.

Insider Activity

In related news, CTO James H. Thompson sold 8,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were 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 owns 213,364 shares in the company, valued at approximately $36,229,207.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction dated 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 sale, the chief technology officer now owns 213,364 shares in the company, valued at approximately $36,229,207.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the transaction, the general counsel now owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,146 shares of company stock worth $2,709,186 over the last ninety days. 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.