Bartlett & CO. Wealth Management LLC Purchases 15,050 Shares of Qualcomm Incorporated $QCOM

Key Points

• Bartlett & CO. Wealth Management LLC boosted its Qualcomm stake by 3.8%, buying an additional 15,050 shares to hold 410,215 shares valued at about $70,167,000 after the fourth quarter filing.
• Qualcomm reported a quarterly beat with $3.50 EPS vs. $3.38 expected and $12.25B revenue, and its board authorized a $20.0 billion share buyback (about 14.5% of shares outstanding) while guiding Q2 FY2026 EPS of 2.450–2.650.
• Company insiders have been selling recently — executives sold shares in early February and, in the last quarter, insiders disposed of 6,618 shares worth $907,855, leaving insiders with roughly 0.05% ownership.

Bartlett & CO. Wealth Management LLC boosted its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 410,215 shares of the wireless technology company's stock after buying an additional 15,050 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in Qualcomm were worth $70,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QCOM. Harbor Capital Advisors Inc. increased its position in Qualcomm by 72.2% during 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 period. Cloud Capital Management LLC purchased a new position in Qualcomm during the 3rd quarter valued at $27,000. Lavaca Capital LLC purchased a new position in Qualcomm during the 2nd quarter valued at $32,000. Glass Jacobson Investment Advisors llc increased its position in Qualcomm by 113.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock valued at $32,000 after purchasing an additional 101 shares during the period. Finally, Board of the Pension Protection Fund purchased a new stake in shares of Qualcomm in the 4th quarter worth about $34,000. 74.35% of the stock is currently owned by institutional investors.

Insider Activity at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the transaction, the executive vice president directly owned 16,393 shares of the company's stock, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 in the company, valued at approximately $4,900,202.35. The trade was a 8.56% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 6,618 shares of company stock worth $907,855. Company insiders own 0.05% of the company's stock.

Qualcomm Price Performance

NASDAQ QCOM opened at $127.98 on Friday. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $205.95. The stock has a market cap of $136.56 billion, a price-to-earnings ratio of 26.44 and a beta of 1.28. The company's 50 day moving average is $135.57 and its two-hundred day moving average is $157.72. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $3.38 by $0.12. The company 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 firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, research analysts anticipate that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm declared that its board has approved a stock buyback plan on Tuesday, March 17th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the wireless technology company to reacquire up to 14.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were given a dividend of $0.89 per share. The ex-dividend date was Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.8%. Qualcomm's dividend payout ratio (DPR) is presently 73.55%.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Snap (Specs) signed a multi‑year agreement to use Qualcomm Snapdragon processors in upcoming AR/AI smart glasses — this expands Qualcomm’s addressable market in AR hardware and strengthens customer design wins. Snap unit to use Qualcomm chips for upcoming AI smart glasses
• Positive Sentiment: Industry coverage also reported the multi‑year Snap/Qualcomm pact, underscoring potential recurring chip revenue if Specs gains traction. Snap to use Qualcomm chips in future AR glasses under new multi-year deal
• Neutral Sentiment: Analysts and comparison pieces discuss Intel vs. Qualcomm as both ramp AI chip strategies — highlights competition in AI chips that could pressure margins or force R&D investment; this is strategic context rather than an immediate earnings change. INTC vs. QCOM: Which Semiconductor Stock Is a Better Buy?
• Neutral Sentiment: Quarterly earnings preview coverage reiterates that Qualcomm is navigating a handset‑soft patch while guiding Q2 FY2026 EPS and focusing on diversification (chips + licensing). Useful for setting expectations ahead of near‑term reports. QUALCOMM Earnings Preview: What to Expect
• Neutral Sentiment: Qualcomm co‑founder Irwin Jacobs received a lifetime achievement award — a reputational positive that reminds investors of Qualcomm’s historical leadership in wireless standards but has limited immediate financial impact. Qualcomm Founder Honored As Investors Weigh Valuation And Profit Pressures
• Neutral Sentiment: Macro/sector pieces (e.g., on “old‑school” tech dividend names) mention broader rotation away from megacaps — background sector flow that may influence QCOM but isn’t company‑specific. 5 Forgotten Old-School Tech Dividend Stocks That Could Crush the Market in 2026
• Negative Sentiment: Goldman Sachs reiterated caution on QCOM, pointing to key customer losses and near‑term demand pressure — a sell‑side warning that can hurt sentiment and multiple compression. Goldman Sachs Cautious on QUALCOMM (QCOM) Amid Key Customer Losses
• Negative Sentiment: Comparative coverage favors Broadcom over Qualcomm, citing Broadcom’s stronger exposure to hyperscaler AI demand while Qualcomm still pivots from handset dependence — narrative risk that can divert investor dollars to peers. Broadcom vs. Qualcomm: Buy One, Avoid the Other
• Negative Sentiment: Coverage notes Nasdaq/sector rotation pressures that have weighed on QCOM’s multiple as the market rewards AI‑server exposures over legacy handset suppliers. Qualcomm NASDAQ: QCOM Faces Pressure As Nasdaq Index Reflects Tech Shift
• Negative Sentiment: Erste Group trimmed its FY2026 EPS forecast for Qualcomm, a direct near‑term negative for earnings expectations and analyst consensus. Qualcomm FY2026 EPS Forecast Decreased by Erste Group Bank
• Negative Sentiment: Prominent commentator Jim Cramer publicly recommended Arm over Qualcomm, which can sway retail sentiment and add to short‑term selling pressure. Jim Cramer Says He Thinks “Arm’s Much Better Than Qualcomm”

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Robert W. Baird set a $177.00 target price on shares of Qualcomm in a research report on Thursday, February 5th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $140.00 target price (down from $175.00) on shares of Qualcomm in a research report on Thursday, March 26th. Citigroup reaffirmed a "neutral" rating on shares of Qualcomm in a research report on Thursday, January 15th. UBS Group reaffirmed a "neutral" rating on shares of Qualcomm in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada reduced their target price on shares of Qualcomm from $180.00 to $150.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $163.77.

About Qualcomm

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.

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