Cullen Frost Bankers Inc. Sells 59,337 Shares of QUALCOMM Incorporated $QCOM

Cullen Frost Bankers Inc. reduced its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 25.0% in the 3rd quarter, Holdings Channel reports. The fund owned 177,976 shares of the wireless technology company’s stock after selling 59,337 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in QUALCOMM were worth $29,608,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Harbor Capital Advisors Inc. increased its stake in QUALCOMM by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 65 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of QUALCOMM in the second quarter valued at approximately $32,000. Harbor Asset Planning Inc. bought a new stake in shares of QUALCOMM during the second quarter worth $32,000. Winnow Wealth LLC bought a new stake in shares of QUALCOMM during the second quarter worth $32,000. Finally, Lavaca Capital LLC acquired a new stake in shares of QUALCOMM during the second quarter worth $32,000. Institutional investors own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In other QUALCOMM news, EVP Akash J. Palkhiwala sold 10,000 shares of QUALCOMM stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the completion of the transaction, the executive vice president directly owned 44,803 shares of the company’s stock, valued at $7,845,901.36. The trade was a 18.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Patricia Y. Grech sold 513 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $160.95, for a total transaction of $82,567.35. Following the completion of the transaction, the chief accounting officer owned 203 shares in the company, valued at approximately $32,672.85. This represents a 71.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 44,820 shares of company stock worth $7,883,482 in the last three months. 0.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of research reports. TD Cowen reiterated a “buy” rating on shares of QUALCOMM in a report on Thursday, November 6th. Royal Bank Of Canada assumed coverage on QUALCOMM in a report on Wednesday, January 14th. They set a “sector perform” rating and a $180.00 price objective for the company. UBS Group boosted their target price on QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a research note on Monday, December 29th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, November 6th. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $191.28.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $155.82 on Friday. The company has a fifty day moving average price of $170.36 and a two-hundred day moving average price of $165.50. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $205.95. The stock has a market cap of $166.88 billion, a P/E ratio of 31.87, a P/E/G ratio of 3.47 and a beta of 1.21. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results 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. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The company had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. During the same period in the prior year, the firm earned $2.69 EPS. QUALCOMM’s quarterly revenue was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, March 5th. QUALCOMM’s dividend payout ratio (DPR) is presently 72.80%.

QUALCOMM Profile

QUALCOMM Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.