Cullen Capital Management LLC Has $86.46 Million Holdings in QUALCOMM Incorporated $QCOM

Cullen Capital Management LLC boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 542,906 shares of the wireless technology company’s stock after acquiring an additional 49,395 shares during the quarter. Cullen Capital Management LLC owned 0.05% of QUALCOMM worth $86,463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC boosted its position in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 93 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in QUALCOMM in the 2nd quarter valued at $32,000. Harbor Asset Planning Inc. bought a new position in QUALCOMM during the 2nd quarter valued at $32,000. Winnow Wealth LLC purchased a new position in QUALCOMM during the 2nd quarter worth $32,000. Finally, Lavaca Capital LLC bought a new stake in shares of QUALCOMM in the 2nd quarter worth $32,000. 74.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on QCOM. UBS Group raised their price target on shares of QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Wall Street Zen cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Bank of America upped their target price on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. increased their price target on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of QUALCOMM in a report on Monday, December 8th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $191.00.

QUALCOMM Trading Down 1.6%

Shares of QCOM stock opened at $178.29 on Monday. The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70. The firm has a market cap of $190.95 billion, a P/E ratio of 36.46, a PEG ratio of 3.91 and a beta of 1.22. The company has a 50 day moving average of $170.72 and a 200-day moving average of $162.31. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.13. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business had revenue of $11.27 billion during the quarter, compared to analyst estimates of $10.74 billion. During the same period in the prior year, the company earned $2.69 earnings per share. QUALCOMM’s 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. Sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid 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 dividend payout ratio (DPR) is presently 72.80%.

Insider Buying and Selling at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $170.33, for a total transaction of $567,709.89. Following the sale, the chief financial officer directly owned 33,208 shares in the company, valued at approximately $5,656,318.64. This represents a 9.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Patricia Y. Grech sold 203 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total transaction of $34,510.00. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 164,388 shares of company stock worth $27,248,752. 0.08% of the stock is currently owned by company insiders.

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.