Qualcomm Incorporated $QCOM Shares Sold by Cullen Frost Bankers Inc.

Key Points

• Cullen Frost Bankers Inc. reduced its Qualcomm stake by 4.1% in the fourth quarter, selling 7,346 shares and ending with 170,630 shares valued at about $29.2 million.
• Qualcomm reported quarterly earnings of $2.65 per share, topping estimates, while revenue came in essentially in line at $10.6 billion. The company also issued Q3 2026 EPS guidance of $2.10 to $2.30.
• Qualcomm’s board authorized a $20 billion share buyback and raised its quarterly dividend to $0.92 per share, up from $0.89, reflecting an annualized yield of 1.9%.

Cullen Frost Bankers Inc. trimmed its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 170,630 shares of the wireless technology company's stock after selling 7,346 shares during the period. Cullen Frost Bankers Inc.'s holdings in Qualcomm were worth $29,186,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. lifted its position in Qualcomm by 1.5% in the third quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company's stock worth $686,000 after purchasing an additional 61 shares during the period. Certified Advisory Corp lifted its position in Qualcomm by 0.6% in the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company's stock worth $1,678,000 after purchasing an additional 62 shares during the period. ProVise Management Group LLC lifted its position in Qualcomm by 2.6% in the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company's stock worth $426,000 after purchasing an additional 64 shares during the period. Baker Tilly Wealth Management LLC lifted its position in Qualcomm by 1.0% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company's stock worth $1,095,000 after purchasing an additional 64 shares during the period. Finally, Dakota Community Bank & Trust NA lifted its position in Qualcomm by 3.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company's stock worth $316,000 after purchasing an additional 65 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 $195.61 on Wednesday. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $247.90. The stock has a fifty day moving average of $149.89 and a 200-day moving average of $157.92. The company has a market capitalization of $206.17 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 25.22 and a beta of 1.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same period in the previous year, the business earned $2.85 EPS. The company's revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities analysts anticipate that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Qualcomm Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This is an increase from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a yield of 1.9%. Qualcomm's dividend payout ratio (DPR) is presently 38.70%.

Insider Activity

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the sale, the executive vice president directly owned 39,735 shares of the company's stock, valued at $7,065,677.70. The trade was a 7.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the business's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the sale, the chief executive officer directly owned 197,568 shares in the company, valued at approximately $35,562,240. This trade represents a 4.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,477 shares of company stock valued at $3,268,316 in the last 90 days. Company insiders own 0.05% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. DZ Bank downgraded Qualcomm from a "buy" rating to a "hold" rating and set a $195.00 target price for the company. in a research report on Friday, May 8th. Piper Sandler restated an "overweight" rating and issued a $200.00 target price on shares of Qualcomm in a research report on Thursday, February 5th. Summit Insights upgraded Qualcomm from a "hold" rating to a "buy" rating in a research report on Thursday, April 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Qualcomm in a research report on Friday, March 27th. Finally, Wells Fargo & Company downgraded Qualcomm from a "positive" rating to an "underweight" rating in a research report on Friday, May 8th. Fourteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $181.79.

Qualcomm 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.

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