Qualcomm Incorporated $QCOM Shares Bought by Global X Japan Co. Ltd.

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Global X Japan Co. Ltd. has increased its stake in Qualcomm Incorporated by 15.4%, now owning 105,355 shares valued at $18.02 million, making QCOM its 22nd largest holding. Qualcomm exceeded quarterly earnings expectations with an EPS of $3.50 and authorized a $20 billion share buyback program while paying a $0.89 quarterly dividend. Despite mixed analyst ratings and recent downgrades, these actions signal management’s confidence in the company’s value.

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