Fri Dec 20 21:50:00 UTC 2024: **Qualcomm Stock Up Slightly Despite Mixed Analyst Opinions**

**Sioux Falls, SD** – Qualcomm Incorporated (QCOM) saw its stock price rise by 1.2% on Friday, closing at $152.18, despite a decrease in trading volume and mixed signals from analysts. While the company exceeded earnings expectations in its last quarterly report, reporting $2.26 EPS (beating estimates by $0.25) and $10.24 billion in revenue (exceeding expectations by $0.34 billion), several recent research reports offered varying perspectives on the stock’s future.

Susquehanna lowered its price target to $210, maintaining a positive rating, while JPMorgan Chase & Co. reduced its target to $195 but kept an overweight rating. Melius Research initiated coverage with a hold rating and a $180 price target. Morgan Stanley also lowered its target to $204, assigning an equal weight rating. Currently, the stock boasts a “Moderate Buy” rating with an average price target of $208 among analysts, based on MarketBeat data.

Despite the positive earnings report and slight stock increase, insider trading activity saw significant sales. Alexander H. Rogers sold 3,245 shares, and Ann C. Chaplin sold 2,587 shares, representing a decrease in their respective holdings. Institutional investors, however, have been increasing their positions in Qualcomm, with State Street Corp, Geode Capital Management LLC, Legal & General Group Plc, UBS AM, and Van ECK Associates Corp all increasing their stakes in the company during recent quarters.

Qualcomm’s market capitalization stands at $169.82 billion, with a P/E ratio of 17.00 and a dividend yield of 2.22%. The company operates in three segments: Qualcomm CDMA Technologies, Qualcomm Technology Licensing, and Qualcomm Strategic Initiatives.

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