Cullen Capital Management LLC Raises Stock Position in QUALCOMM Incorporated $QCOM

Cullen Capital Management LLC increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 10.0% during the second quarter, HoldingsChannel.com reports. The fund owned 542,906 shares of the wireless technology company’s stock after acquiring an additional 49,395 shares during the period. Cullen Capital Management LLC’s holdings in QUALCOMM were worth $86,463,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC increased its holdings in shares of QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 93 shares during the period. Chung Wu Investment Group LLC bought a new stake in QUALCOMM during the second quarter valued at $32,000. Harbor Asset Planning Inc. purchased a new position in QUALCOMM during the second quarter worth about $32,000. Winnow Wealth LLC bought a new position in QUALCOMM in the 2nd quarter worth about $32,000. Finally, Lavaca Capital LLC purchased a new stake in shares of QUALCOMM in the 2nd quarter valued at about $32,000. 74.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Patricia Y. Grech sold 203 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total transaction of $34,510.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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, November 7th. The stock was sold at an average price of $172.87, for a total value of $276,592.00. Following the transaction, the insider owned 19,593 shares in the company, valued at approximately $3,387,041.91. The trade was a 7.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 164,388 shares of company stock worth $27,248,752. Insiders own 0.08% of the company’s stock.

QUALCOMM Trading Down 1.6%

QCOM stock opened at $178.29 on Monday. The company has a market capitalization of $190.95 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 3.91 and a beta of 1.22. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $205.95. The company’s 50 day moving average price is $170.72 and its two-hundred day moving average price is $162.31.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The company had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.0%. QUALCOMM’s payout ratio is currently 72.80%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on QCOM shares. UBS Group lifted their price target on QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Piper Sandler lifted their target price on shares of QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Mizuho raised their price objective on shares of QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Finally, Bank of America upped their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $191.00.

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.