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Capital Investment Services of America Inc. Sells 5,563 Shares of Qualcomm Incorporated $QCOM
Capital Investment Services of America Inc. has reduced its stake in Qualcomm Incorporated by 3.3%, selling 5,563 shares and now holding 161,952 shares valued at approximately $27.7 million. This makes Qualcomm the 13th largest holding in the firm’s portfolio. Despite some analyst downgrades and insider selling, Qualcomm’s board has authorized a $20 billion share buyback and increased its quarterly dividend to $0.92, indicating a commitment to returning capital to shareholders.