Crossmark Global Holdings Inc. Sells 84,735 Shares of Qualcomm Incorporated $QCOM

Crossmark Global Holdings Inc. cut its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 22.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 290,970 shares of the wireless technology company’s stock after selling 84,735 shares during the period. Qualcomm accounts for approximately 0.7% of Crossmark Global Holdings Inc.’s portfolio, making the stock its 26th biggest holding. Crossmark Global Holdings Inc.’s holdings in Qualcomm were worth $53,550,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Albion Financial Group UT grew its stake in shares of Qualcomm by 0.4% in the third quarter. Albion Financial Group UT now owns 43,760 shares of the wireless technology company’s stock worth $8,054,000 after acquiring an additional 168 shares during the last quarter. Strengthening Families & Communities LLC raised its stake in Qualcomm by 0.4% during the 3rd quarter. Strengthening Families & Communities LLC now owns 16,673 shares of the wireless technology company’s stock valued at $3,069,000 after purchasing an additional 69 shares during the last quarter. Sawyer & Company Inc acquired a new position in Qualcomm during the 3rd quarter valued at $2,403,000. Sowell Financial Services LLC raised its stake in Qualcomm by 4.1% during the 3rd quarter. Sowell Financial Services LLC now owns 30,606 shares of the wireless technology company’s stock valued at $5,633,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Qualcomm by 6.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 24,213 shares of the wireless technology company’s stock valued at $4,282,000 after purchasing an additional 1,368 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm Trading Up 1.3%

Shares of Qualcomm stock opened at $177.96 on Thursday. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The stock has a market capitalization of $190.03 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 3.96 and a beta of 1.65. The company has a 50-day simple moving average of $175.81 and a 200 day simple moving average of $180.71. 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) last released 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). The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be paid a $0.92 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. Qualcomm’s payout ratio is 42.59%.

Analyst Ratings Changes

Several analysts have issued reports on QCOM shares. Sanford C. Bernstein restated a “market perform” rating on shares of Qualcomm in a research report on Wednesday, September 9th. Barclays restated an “underweight” rating on shares of Qualcomm in a report on Wednesday, September 9th. DZ Bank raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research report on Friday, June 26th. Evercore set a $159.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Finally, Wells Fargo & Company decreased their target price on Qualcomm from $265.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $205.83.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: TD Cowen raised its Qualcomm price target to $200 from $175 and upgraded the shares to “Buy.” The revision signals improved confidence in Qualcomm’s valuation and long-term growth prospects. TD Cowen analyst action
• Positive Sentiment: Qualcomm declared a quarterly dividend of $0.92 per share, payable December 17 to shareholders of record December 3. The $3.68 annualized payout represents a yield of approximately 2.1% and reinforces the stock’s appeal to income-oriented investors. Qualcomm Announces Quarterly Cash Dividend
• Positive Sentiment: The planned acquisition of PickNik Robotics could broaden Qualcomm’s AI growth strategy. PickNik’s robotics software may strengthen the Dragonwing ecosystem and help Qualcomm expand beyond smartphones into physical AI, industrial automation and connected devices. Can Qualcomm’s PickNik Acquisition Strengthen Its Robotics Edge?
• Neutral Sentiment: Qualcomm reportedly plans global job cuts following employee performance reviews. The restructuring could reduce expenses and improve operating margins, but the lack of disclosed details regarding the scale, timing and severance costs creates near-term execution uncertainty. Qualcomm to Cut Jobs Worldwide in Performance-Focused Layoffs
• Negative Sentiment: Executive Vice President Akash Palkhiwala sold 2,500 shares for approximately $437,650. The sale was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance, but it adds to concerns because Qualcomm insiders have reported open-market sales without purchases in recent months. Qualcomm Insider Share Sale

Insider Buying and Selling

In other news, CAO Patricia Grech sold 625 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $33,872.80. The trade was a 75.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano Amon sold 10,000 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $200.00, for a total value of $2,000,000.00. Following the sale, the chief executive officer owned 177,568 shares in the company, valued at approximately $35,513,600. This trade represents a 5.33% decrease in their ownership of the stock. 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 have sold a total of 33,458 shares of company stock valued at $6,198,144 in the last ninety days. 0.05% of the stock is owned by corporate insiders.

About Qualcomm

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.