Bartlett & CO. Wealth Management LLC Lowers Stock Position in Qualcomm Incorporated $QCOM

Bartlett & CO. Wealth Management LLC cut its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 24.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 308,394 shares of the wireless technology company’s stock after selling 101,821 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Qualcomm were worth $39,715,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Watershed Asset Management L.L.C. boosted its position in shares of Qualcomm by 15.4% during the first quarter. Watershed Asset Management L.L.C. now owns 3,161 shares of the wireless technology company’s stock worth $407,000 after buying an additional 421 shares during the period. Zhang Financial LLC grew its stake in shares of Qualcomm by 25.8% in the first quarter. Zhang Financial LLC now owns 17,873 shares of the wireless technology company’s stock valued at $2,302,000 after buying an additional 3,671 shares in the last quarter. Advisortrust Partners LLC raised its holdings in shares of Qualcomm by 7.9% in the 1st quarter. Advisortrust Partners LLC now owns 20,265 shares of the wireless technology company’s stock valued at $2,610,000 after buying an additional 1,476 shares during the period. Assetmark Inc. raised its holdings in shares of Qualcomm by 0.7% in the 1st quarter. Assetmark Inc. now owns 661,006 shares of the wireless technology company’s stock valued at $85,124,000 after buying an additional 4,773 shares during the period. Finally, Angeles Wealth Management LLC lifted its stake in Qualcomm by 25.5% during the 1st quarter. Angeles Wealth Management LLC now owns 14,661 shares of the wireless technology company’s stock worth $1,888,000 after acquiring an additional 2,975 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the sale, the executive vice president directly owned 23,184 shares in the company, valued at approximately $4,191,899.04. This trade represents a 9.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, May 4th. The stock was 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 approximately $7,065,677.70. This trade represents a 7.45% 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 21,721 shares of company stock valued at $4,044,465 over the last quarter. Company insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Dbs Bank upgraded Qualcomm to a “moderate buy” rating in a report on Tuesday, July 7th. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Oppenheimer cut shares of Qualcomm from a “market perform” rating to a “market perform” rating in a research report on Friday, May 8th. Robert W. Baird set a $300.00 price objective on shares of Qualcomm in a research note on Friday, May 1st. Finally, DZ Bank upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $221.31.

Qualcomm Stock Performance

Shares of QCOM opened at $171.78 on Friday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The stock has a market capitalization of $181.06 billion, a PE ratio of 18.67, a PEG ratio of 5.07 and a beta of 1.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The stock has a 50-day simple moving average of $207.62 and a 200-day simple moving average of $168.42.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, analysts predict that Qualcomm Incorporated will post 7.97 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. Qualcomm’s dividend payout ratio is currently 40.00%.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm announced a quarterly cash dividend of $0.92 per share, reinforcing shareholder returns and supporting the stock’s income appeal. Qualcomm Announces Quarterly Cash Dividend
• Positive Sentiment: Micron said it signed long-term supply agreements with Qualcomm and other partners for memory and storage components used in AI-enabled vehicles, which highlights Qualcomm’s push into automotive AI and could improve supply reliability. Micron signs deals with Qualcomm, others for AI-powered automobile chip components
• Positive Sentiment: Qualcomm’s automotive AI expansion was further emphasized in reporting on new long-term auto supply deals, which may support longer-term growth expectations for its chip platforms. Qualcomm Secures Long Term Auto Supply Deals To Back AI Vehicles
• Neutral Sentiment: Qualcomm remains a dividend payer and was featured among legacy tech names offering shareholder yields, which is more of a stability signal than a direct catalyst. 4 Tech Stocks Throwing Off Dividends
• Negative Sentiment: GF Securities initiated coverage with a Hold rating, saying there is still not enough visibility on Qualcomm’s AI250 outlook, adding to caution around near-term upside. Qualcomm Slips 2% After GF Securities Starts Coverage With Hold Rating
• Negative Sentiment: KeyCorp lowered earnings estimates across multiple future periods, including FY2026 and FY2027, signaling some concern about Qualcomm’s profit trajectory. Qualcomm Incorporated stock page

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.