QUALCOMM Incorporated $QCOM Shares Purchased by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237,313 shares of the wireless technology company’s stock after buying an additional 10,055 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in QUALCOMM were worth $37,795,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after purchasing an additional 9,343 shares during the period. Revolve Wealth Partners LLC raised its position in shares of QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after purchasing an additional 340 shares during the period. GAMMA Investing LLC raised its position in shares of QUALCOMM by 35.4% during the 1st quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company’s stock worth $3,263,000 after purchasing an additional 5,555 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of QUALCOMM by 29.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 102,731 shares of the wireless technology company’s stock worth $15,781,000 after purchasing an additional 23,171 shares during the period. Finally, Walkner Condon Financial Advisors LLC raised its position in shares of QUALCOMM by 13.3% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 1,809 shares of the wireless technology company’s stock worth $278,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $168.83 on Wednesday. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The firm has a market capitalization of $182.17 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 2.43 and a beta of 1.23. The business has a 50 day simple moving average of $162.68 and a 200 day simple moving average of $154.22. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

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

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is presently 34.33%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on QCOM shares. UBS Group increased their price target on QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Arete Research set a $200.00 price target on QUALCOMM in a research report on Tuesday, August 26th. Mizuho dropped their price target on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an “outperform” rating in a research report on Monday, July 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of QUALCOMM in a research 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 assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $182.82.

Insider Activity

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 8,335 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the completion of the transaction, the chief financial officer directly owned 36,541 shares of the company’s stock, valued at approximately $6,067,998.46. This trade represents a 18.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider directly owned 21,193 shares of the company’s stock, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 168,102 shares of company stock worth $27,706,855 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Company 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.