Barton Investment Management Decreases Stake in Qualcomm Incorporated $QCOM

Barton Investment Management cut its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 21.8% in the first quarter, Holdings Channel reports. The firm owned 36,800 shares of the wireless technology company’s stock after selling 10,281 shares during the period. Qualcomm comprises 0.6% of Barton Investment Management’s holdings, making the stock its 21st largest position. Barton Investment Management’s holdings in Qualcomm were worth $4,739,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Qualcomm by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock valued at $19,524,350,000 after purchasing an additional 647,076 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Qualcomm by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Qualcomm by 34.5% during the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the period. Norges Bank purchased a new stake in Qualcomm in the fourth quarter valued at approximately $2,591,056,000. Finally, Amundi boosted its position in Qualcomm by 9.9% in the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after buying an additional 1,138,541 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the sale, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. This represents a 7.45% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 21,806 shares of company stock valued at $3,928,958. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Trading Up 3.8%

QCOM stock opened at $204.90 on Friday. The company’s 50-day simple moving average is $199.96 and its 200-day simple moving average is $167.69. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The firm has a market cap of $215.96 billion, a P/E ratio of 22.27, a PEG ratio of 24.50 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. The firm had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.Qualcomm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities analysts forecast that Qualcomm Incorporated will post 7.98 EPS for the current fiscal year.

Qualcomm announced that its board has approved a share repurchase program on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Qualcomm Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date was Thursday, June 4th. Qualcomm’s dividend payout ratio (DPR) is presently 40.00%.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm lifted its fiscal 2029 non-handset revenue target to $40 billion, roughly double its prior goal, signaling a much bigger opportunity outside mobile chips. Qualcomm Accelerates Diversification with Comprehensive Strategy for Data Center and Sees Multiple Inflection Points Over the Next 3 to 5 Years
• Positive Sentiment: The company set a new data center revenue target of more than $15 billion by fiscal 2029, which investors see as a major AI-driven growth catalyst. Qualcomm Unveils Comprehensive Data Center Roadmap for the Agentic AI Era with New Qualcomm Dragonfly Portfolio
• Positive Sentiment: Qualcomm announced a multi-generation data center CPU agreement with Meta, giving the chipmaker a marquee customer and validating its push into AI infrastructure. Qualcomm and Meta Announce Strategic Multi-Generation Agreement on Data Center CPUs
• Positive Sentiment: Qualcomm also expanded its relationship with Hugging Face and said it will buy AI software firm Modular, moves that should strengthen its software stack and make its AI platform more competitive. Qualcomm and Hugging Face Expand Relationship to Advance Open, Developer-Driven AI from Device to Cloud
• Neutral Sentiment: Analysts broadly turned more constructive, with multiple price-target hikes and a few saying they were too skeptical of Qualcomm’s AI pivot; however, some caution remains about execution in a highly competitive market. QCOM stock jumps as Wall Street embraces Qualcomm’s AI data center pivot — Morgan Stanley says it was ‘wrong to be skeptical’

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on QCOM shares. Monness Crespi & Hardt raised shares of Qualcomm to a “buy” rating in a research report on Thursday. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Freedom Capital downgraded shares of Qualcomm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Daiwa Securities Group raised shares of Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price target on the stock in a report on Friday, May 8th. Finally, Evercore set a $179.00 price target on Qualcomm in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Qualcomm has an average rating of “Hold” and a consensus target price of $213.03.

Qualcomm Company 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.