Crossmark Global Holdings Inc. Increases Position in QUALCOMM Incorporated

Crossmark Global Holdings Inc. enhanced its investment in QUALCOMM Incorporated (NASDAQ:QCOM) by 12.6% during the third quarter, as documented in its latest filing with the Securities and Exchange Commission. After acquiring an additional 38,667 shares, the institutional investor now owns a total of 345,244 shares in the wireless technology firm.

QUALCOMM makes up approximately 1.0% of Crossmark Global Holdings Inc.'s investment portfolio, positioning it as the 8th largest holding in their offerings. As per the recent disclosure, the total value of Crossmark's holdings in QUALCOMM is about $58,708,000.

Other institutional investors have also made changes to their shares in QUALCOMM. For instance, Pine Haven Investment Counsel Inc. raised its stake by 2.5% in the second quarter, bringing its total to 2,059 shares valued at approximately $410,000. In comparison, Buffington Mohr McNeal increased its investment by 3.9%, now owning 1,401 shares worth about $279,000.

Furthermore, TRUE Private Wealth Advisors boosted their stake by 2.2% and now holds 2,638 shares valued at $525,000. Macroview Investment Management LLC saw a significant increase of 10.5%, now possessing 600 shares valued at $119,000. McClarren Financial Advisors also made headlines by raising their holdings by 43.2%, owning 199 shares valued at $40,000 after the last purchase. Notably, institutional investors and hedge funds collectively account for 74.35% of QUALCOMM's shares.

Current Stock Performance

As of recent trading, QUALCOMM's stock has seen a slight decline of 1.2%, dropping $2.00 to reach $170.91. The trading volume on that day was 10,736,646 shares, surpassing the average of 9,039,770 shares. The company's 50-day moving average stands at $168.53, while the 200-day moving average is $182.15. QUALCOMM's market capitalization is estimated at $190.39 billion, with a price-to-earnings ratio of 19.01.

Over the past year, QUALCOMM stock has fluctuated between a low of $119.85 and a high of $230.63.

Quarterly Earnings Overview

QUALCOMM recently announced its quarterly earnings on November 6th, reporting earnings of $2.26 per share, which outperformed the consensus estimate of $2.01 by $0.25. The company's total revenue for this quarter was $10.24 billion, exceeding the expected $9.90 billion. QUALCOMM demonstrated solid financial health, boasting a net margin of 26.03% and a return on equity of 39.70%. Analysts forecast that the company will achieve an earnings per share of 8.62 for the current year.

Dividend Information

In addition, QUALCOMM declared a quarterly dividend to be paid on December 19th. Shareholders on record by December 5th will receive a dividend of $0.85, translating to an annualized dividend of $3.40, which represents a yield of 1.99%. Currently, the dividend payout ratio is 37.82%.

Analyst Recommendations

Recently, several analysts have reviewed their ratings on QUALCOMM shares. For example, StockNews.com adjusted its rating from "strong-buy" to "buy" on October 2nd. Additionally, KeyCorp modified its assessment, downgrading QUALCOMM from "overweight" to "sector weight" on October 8th. Wolfe Research also lowered its rating from "outperform" to "peer perform" on August 12th. Analyst data indicates that one analyst rates the stock as a sell, eleven as hold, and fifteen as buy, with one categorizing it as a strong buy. MarketBeat's analysis suggests that QUALCOMM currently has an average rating of "Moderate Buy" with a target price of $212.16.

Insider Transactions

In the latest insider activity related to QUALCOMM, Chief Technology Officer James H. Thompson sold 8,000 shares on October 1st for an average price of $169.80, totaling approximately $1.36 million. Following this sale, he retains ownership of 213,364 shares valued at about $36.23 million. Similarly, Chief Financial Officer Akash J. Palkhiwala sold 3,000 shares for around $497,850. In total, insiders sold 16,146 shares in recent months worth approximately $2.71 million, with insiders currently owning 0.08% of QUALCOMM's stocks.

About QUALCOMM Incorporated

QUALCOMM Incorporated is dedicated to developing and commercializing technologies essential for the global wireless industry. The company operates across three main segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The QCT segment primarily focuses on developing integrated circuits and system software that support various wireless communications, including voice, data, networking, computing, and multimedia technologies.

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