Cullen Capital Management LLC Buys 197,624 Shares of Qualcomm Incorporated $QCOM

Cullen Capital Management LLC lifted its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 29.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 863,078 shares of the wireless technology company’s stock after acquiring an additional 197,624 shares during the quarter. Qualcomm makes up approximately 1.6% of Cullen Capital Management LLC’s holdings, making the stock its 24th largest holding. Cullen Capital Management LLC’s holdings in Qualcomm were worth $147,629,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Van Lanschot Kempen Investment Management N.V. acquired a new position in shares of Qualcomm in the 4th quarter worth approximately $2,138,000. Korea Investment CORP boosted its holdings in shares of Qualcomm by 17.4% in the 4th quarter. Korea Investment CORP now owns 610,929 shares of the wireless technology company’s stock worth $104,499,000 after acquiring an additional 90,542 shares in the last quarter. Sumitomo Life Insurance Co. boosted its holdings in shares of Qualcomm by 0.6% in the 4th quarter. Sumitomo Life Insurance Co. now owns 21,910 shares of the wireless technology company’s stock worth $3,748,000 after acquiring an additional 130 shares in the last quarter. Wealthspire Advisors LLC boosted its holdings in shares of Qualcomm by 30.3% in the 4th quarter. Wealthspire Advisors LLC now owns 15,362 shares of the wireless technology company’s stock worth $2,628,000 after acquiring an additional 3,576 shares in the last quarter. Finally, Vistica Wealth Advisors LLC acquired a new position in shares of Qualcomm in the 4th quarter worth approximately $303,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Wells Fargo raised its price target on Qualcomm to $230 from $160, signaling improved long-term expectations for the stock. Wall Street sets Qualcomm stock price target for 2027
• Positive Sentiment: Coverage highlighting Qualcomm’s AI ecosystem expanding into humanoid robots and autonomous vehicles is boosting sentiment around growth beyond smartphones. Qualcomm’s AI Ecosystem Extends To Humanoid Robots And Autonomous Vehicles
• Positive Sentiment: QCraft said it demonstrated urban NOA on Qualcomm’s Snapdragon Ride platform and is targeting mass production in 2026, supporting Qualcomm’s automotive revenue story. QCraft Demonstrates Urban NOA on Qualcomm’s Latest Snapdragon Ride SoC, Targets 2026 Global Mass Production
• Neutral Sentiment: Erste Group slightly lowered its FY2027 EPS estimate, a modest headwind but not a major change to the outlook.
• Negative Sentiment: EVP Akash Palkhiwala sold 2,500 shares in a pre-arranged 10b5-1 plan, which may create a small overhang even though the sale was routine. SEC filing for Akash J. Palkhiwala transaction
• Negative Sentiment: Recent commentary notes Qualcomm has also been caught in a broader semiconductor pullback and some profit-taking after a strong AI-driven run, which can weigh on the shares near term. Qualcomm Slips, Shorter-Term Momentum Cools From Roller Coaster AI Highs

Qualcomm Stock Up 4.3%

NASDAQ:QCOM opened at $211.72 on Friday. The stock’s fifty day moving average price is $184.43 and its two-hundred day moving average price is $164.86. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The company has a market cap of $223.15 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 25.11 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter in the prior year, the business earned $2.85 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, analysts anticipate that Qualcomm Incorporated will post 8 EPS for the current year.

Qualcomm Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a yield of 1.7%. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio (DPR) is currently 40.00%.

Qualcomm declared that its board has authorized a share buyback plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on QCOM shares. Craig Hallum raised Qualcomm to a “buy” rating in a report on Friday, May 8th. Bank of America started coverage on Qualcomm in a report on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 target price on the stock. Evercore set a $179.00 target price on Qualcomm in a report on Thursday, April 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price objective on shares of Qualcomm in a report on Thursday, April 30th. Finally, HSBC assumed coverage on Qualcomm in a report on Friday, May 8th. They set a “buy” rating on the stock. Fifteen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $184.29.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $130.34, for a total transaction of $325,850.00. Following the transaction, the executive vice president owned 30,684 shares of the company’s stock, valued at approximately $3,999,352.56. This represents a 7.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,806 shares of company stock worth $3,928,958 in the last quarter. 0.05% of the stock is owned by corporate insiders.

Qualcomm Company 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.