Kendall Capital Management Purchases 5,384 Shares of Qualcomm Incorporated $QCOM

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Kendall Capital Management increased its stake in Qualcomm (NASDAQ:QCOM) by 77.9% in Q4, acquiring 5,384 additional shares to a total of 12,299 shares valued at $2.104 million. Despite the company’s authorized $20 billion share buyback and a quarterly dividend of $0.89, Qualcomm’s stock has faced a 25.5% decline over the past three months, leading to a consensus “Hold” rating from analysts with an average target price of $163.77. The company beat Q4 earnings estimates but its near-term fundamentals and mixed analyst sentiment on diversification efforts present risks.

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