Qualcomm (QCOM) continues to show promise in attracting investors, with different institutions raising their stakes in the company. These include SFE Investment Counsel, UBS, TD Asset Management, ARK Investment Management, and Venturi Wealth Management among others. UBS also cites cautious optimism as it soon anticipates its earnings growth. Qualcomm recently released its Q3 projections, which Wall Street eagerly anticipates. Some firms, however, reduced their holdings in Qualcomm like Motco and Mediolanum International Funds. Analysts are showing mixed responses to QCOM's performance, with UBS Group giving it a new price target of $165 and Wall Street Zen increasing its rating to buy. Despite experiencing ups and downs in trading, Qualcomm's long-term prospects remain bright. QCOM has an affirmed dividend of US$0.89. Bernstein and BofA are keeping their high ratings while Citi maintains a Hold rating. The company is bifocal on expanding its automotive business and seems headed towards a promising growth. Investors are keen on the company's 5G and AI initiatives but remain uncertain about the pending $75M antitrust settlement.
Qualcomm QCOM News Analytics from Wed, 07 May 2025 07:00:00 GMT to Sat, 26 Jul 2025 22:15:54 GMT -
Rating 5
- Innovation 4
- Information 6
- Rumor -3
