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

Cullen Frost Bankers Inc. decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 25.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. 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 reporting period.

A number of other hedge funds have also made changes to their positions in QCOM. Harbor Capital Advisors Inc. grew its stake in QUALCOMM by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after buying an additional 65 shares during the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of QUALCOMM in the 2nd quarter worth approximately $32,000. Harbor Asset Planning Inc. acquired a new position in shares of QUALCOMM in the 2nd quarter worth approximately $32,000. Winnow Wealth LLC bought a new stake in QUALCOMM during the 2nd quarter worth approximately $32,000. Finally, Lavaca Capital LLC acquired a new stake in QUALCOMM during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Price Performance

Shares of QCOM stock opened at $155.82 on Friday. The firm’s 50 day moving average price is $170.36 and its two-hundred day moving average price is $165.50. 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 52-week low of $120.80 and a 52-week high of $205.95. The stock has a market cap of $166.88 billion, a PE ratio of 31.87, a PEG ratio of 3.47 and a beta of 1.21.

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

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.89 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a yield of 2.3%. QUALCOMM’s dividend payout ratio (DPR) is 72.80%.

Insider Activity at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the sale, the insider directly owned 19,593 shares of the company’s stock, valued at $3,387,041.91. This represents a 7.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Patricia Y. Grech sold 513 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer owned 203 shares in the company, valued at $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. In the last three months, insiders sold 44,820 shares of company stock worth $7,883,482. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Royal Bank Of Canada began coverage on QUALCOMM in a research note on Wednesday, January 14th. They issued a “sector perform” rating and a $180.00 price objective on the stock. Mizuho set a $175.00 price target on shares of QUALCOMM and gave the stock a “neutral” rating in a research report on Friday, January 9th. Piper Sandler increased their price objective on shares of QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a research note on Thursday, November 6th. Finally, Wells Fargo & Company upped their target price on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, QUALCOMM presently has an average rating of “Hold” and a consensus price target of $191.28.

About QUALCOMM

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.