Patton Fund Management Inc. Has $2.81 Million Position in Qualcomm Incorporated $QCOM

Key Points

• Patton Fund Management increased its Qualcomm stake by 483.4% in the second quarter, holding 15,198 shares valued at approximately $2.81 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm’s latest quarter showed mixed results: revenue reached $9.95 billion, exceeding estimates, but EPS of $2.21 missed expectations and revenue declined 4% year over year. Analysts have a consensus “Hold” rating and an average price target of $203.63.
• The company declared a quarterly dividend of $0.92 per share, equivalent to $3.68 annually and a 2.3% yield. Investors remain focused on Qualcomm’s potential growth in on-device AI, automotive and IoT markets amid continuing handset weakness.

Patton Fund Management Inc. raised its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 483.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,198 shares of the wireless technology company's stock after buying an additional 12,593 shares during the period. Patton Fund Management Inc.'s holdings in Qualcomm were worth $2,808,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Qualcomm in the fourth quarter worth approximately $2,591,056,000. Wellington Management Group LLP boosted its holdings in Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock valued at $2,861,301,000 after acquiring an additional 4,290,622 shares during the last quarter. Geode Capital Management LLC increased its position in Qualcomm by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock valued at $4,931,968,000 after purchasing an additional 3,221,924 shares during the period. Invesco Ltd. increased its position in Qualcomm by 28.1% during the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company's stock valued at $2,163,030,000 after purchasing an additional 2,771,490 shares during the period. Finally, Viking Global Investors LP raised its holdings in Qualcomm by 120.1% during the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company's stock worth $502,125,000 after purchasing an additional 1,720,529 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Activity

In related news, CAO Patricia Y. Grech sold 829 shares of the company's 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 transaction was disclosed in a filing with the SEC, which is available through 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 the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the transaction, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their position. 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 sold a total of 11,529 shares of company stock worth $1,991,345 in the last three months. Company insiders own 0.05% of the company's stock.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s neural-processing-unit (NPU) strategy could benefit from rising demand for on-device AI in PCs, smartphones and other hardware. This raises the possibility of a broader hardware upgrade cycle and provides a bullish counterpoint to concerns about slowing handset revenue. Forget the Cloud: Qualcomm's NPU Play May Trigger a Hardware Supercycle
• Positive Sentiment: One market commentary argues that investors may be underestimating Qualcomm’s potential, particularly if the company can reduce its dependence on smartphones and expand in automotive, IoT and AI-related markets. Prediction: This Chipmaker Could Be a Bigger Winner Than Investors Think
• Neutral Sentiment: Qualcomm is among the semiconductor companies expected to receive attention during Jim Cramer’s CNBC Investing Club call, which could increase near-term investor focus but does not represent a fundamental change. 5 Semiconductor Stocks Jim Cramer Could Be Talking About on Thursday
• Negative Sentiment: Qualcomm’s latest quarter included a small EPS miss, year-over-year revenue and earnings declines, and fourth-quarter revenue guidance of $9.7 billion to $10.5 billion. The company said the bottom may be near, but the results reinforce concerns about handset weakness. QUALCOMM Issued Q4 Guidance, Is The 17% Discount Enough?
• Negative Sentiment: Erste Group reduced its FY2026 EPS forecast to $7.71 from $7.91 and its FY2027 forecast to $7.46 from $7.90, signaling weaker expected profitability than previously anticipated.
• Negative Sentiment: Qualcomm EVP Akash J. Palkhiwala sold 2,500 shares worth approximately $408,000. The sale occurred under a pre-arranged Rule 10b5-1 plan, limiting its significance, but it may still add modest selling pressure.
• Negative Sentiment: Compared with Qualcomm, Zacks views Intel as the better chip investment because of stronger projected 2026 growth and AI-PC momentum, highlighting concerns about Qualcomm’s slower near-term growth profile. Intel vs. Qualcomm: Which Chip Stock is the Better Buy Now?

Qualcomm Stock Up 0.2%

Qualcomm stock opened at $163.07 on Thursday. The company has a market capitalization of $171.26 billion, a PE ratio of 18.87, a PEG ratio of 14.97 and a beta of 1.65. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The firm's fifty day moving average is $185.28 and its 200 day moving average is $167.67. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the previous year, the business posted $2.77 earnings per share. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, sell-side analysts predict that Qualcomm Incorporated will post 7.76 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio is 42.59%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on QCOM shares. Monness Crespi & Hardt upgraded shares of Qualcomm to a "buy" rating in a research report on Thursday, June 25th. Mizuho increased their price objective on shares of Qualcomm from $170.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, June 29th. Daiwa Securities Group raised shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 target price for the company in a research note on Friday, May 8th. UBS Group dropped their target price on shares of Qualcomm from $190.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Finally, Argus set a $220.00 price target on shares of Qualcomm in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Qualcomm has an average rating of "Hold" and a consensus target price of $203.63.

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.

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