Crossmark Global Holdings Inc. Has $69.43 Million Position in Qualcomm Incorporated $QCOM

Key Points

• Crossmark Global Holdings reduced its Qualcomm stake by 17.8% in the second quarter, selling 81,156 shares and retaining 375,705 shares valued at approximately $69.43 million. Institutional investors and hedge funds collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but EPS of $2.21 fell slightly short of consensus and revenue declined 4% year over year. Shares recently opened at $165.79, below the analyst consensus price target of $203.63.
• The company declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 and a 2.2% yield. Analyst sentiment remains mixed, with a consensus rating of “Hold,” while insiders sold roughly $1.99 million of stock over the past three months.

Crossmark Global Holdings Inc. lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 17.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 375,705 shares of the wireless technology company's stock after selling 81,156 shares during the quarter. Qualcomm makes up approximately 0.9% of Crossmark Global Holdings Inc.'s investment portfolio, making the stock its 12th largest position. Crossmark Global Holdings Inc.'s holdings in Qualcomm were worth $69,427,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. World Investment Advisors grew its stake in shares of Qualcomm by 14.3% in the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company's stock worth $11,103,000 after purchasing an additional 8,130 shares during the last quarter. MUFG Securities EMEA plc raised its position in Qualcomm by 112.2% during the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock worth $7,524,000 after purchasing an additional 23,262 shares during the last quarter. Swedbank AB raised its position in Qualcomm by 1.5% during the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after purchasing an additional 23,110 shares during the last quarter. NBC Securities Inc. lifted its holdings in Qualcomm by 47.5% during the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock worth $3,197,000 after buying an additional 6,018 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in Qualcomm by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock worth $24,578,000 after buying an additional 7,804 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $165.79 on Monday. The firm has a market cap of $174.12 billion, a PE ratio of 19.19, a P/E/G ratio of 15.25 and a beta of 1.65. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The company's fifty day simple moving average is $182.72 and its 200 day simple moving average is $167.82. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the previous year, the business posted $2.77 earnings per share. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, sell-side analysts forecast that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. Qualcomm's dividend payout ratio (DPR) is currently 42.59%.

Insider Activity

In related news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares of the company's stock, valued at $5,372,106.40. The trade was a 8.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 company's stock in a transaction that occurred on Thursday, May 21st. The stock was 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 11,529 shares of company stock worth $1,991,345 in the last three months. Company insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

QCOM has been the subject of several recent research reports. Daiwa Securities Group raised Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 price target for the company in a research note on Friday, May 8th. Roth Capital assumed coverage on Qualcomm in a research note on Friday, May 8th. They issued a "buy" rating on the stock. Morgan Stanley reduced their target price on Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Tigress Financial increased their target price on shares of Qualcomm from $270.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, May 8th. Finally, Rosenblatt Securities lowered their price target on shares of Qualcomm from $265.00 to $235.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Qualcomm has a consensus rating of "Hold" and a consensus target price of $203.63.

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.

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