Crossmark Global Holdings Inc. Has $69.78 Million Stake in Qualcomm Incorporated $QCOM

Crossmark Global Holdings Inc. boosted its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 8.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 419,454 shares of the wireless technology company’s stock after purchasing an additional 33,617 shares during the quarter. Qualcomm makes up approximately 1.0% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 12th biggest position. Crossmark Global Holdings Inc.’s holdings in Qualcomm were worth $69,780,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its stake in shares of Qualcomm by 72.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 65 shares during the last quarter. Cloud Capital Management LLC acquired a new position in shares of Qualcomm in the 3rd quarter valued at $27,000. Winnow Wealth LLC bought a new position in shares of Qualcomm in the 2nd quarter worth $32,000. Lavaca Capital LLC bought a new position in shares of Qualcomm in the 2nd quarter worth $32,000. Finally, Guerra Advisors Inc acquired a new stake in shares of Qualcomm during the third quarter worth $39,000. Institutional investors own 74.35% of the company’s stock.

Qualcomm Price Performance

NASDAQ QCOM opened at $139.51 on Thursday. The company has a market capitalization of $148.86 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 6.88 and a beta of 1.25. Qualcomm Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95. The firm’s 50 day moving average is $154.95 and its 200-day moving average is $163.46. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.38 by $0.12. The firm had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities research analysts anticipate that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.6%. Qualcomm’s payout ratio is 73.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $200.00 target price on shares of Qualcomm in a research note on Monday, February 2nd. Cantor Fitzgerald cut their price target on shares of Qualcomm from $185.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Susquehanna lowered shares of Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qualcomm in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of Qualcomm from $195.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Qualcomm presently has an average rating of “Hold” and an average target price of $168.48.

Insider Buying and Selling

In other Qualcomm news, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the sale, the executive vice president directly owned 35,599 shares of the company’s stock, valued at approximately $4,900,202.35. This represents a 8.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the sale, the executive vice president owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. This represents a 16.33% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 45,501 shares of company stock worth $7,784,198. 0.05% of the stock is owned by corporate insiders.

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.