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NBC Securities Inc. Has $3.20 Million Stock Position in Qualcomm Incorporated $QCOM
NBC Securities Inc. significantly increased its stake in Qualcomm (NASDAQ:QCOM) by 47.5% in the fourth quarter, bringing its total holdings to $3.20 million. This move comes as Qualcomm’s board authorized a $20 billion share buyback and raised its quarterly dividend, signaling strong shareholder returns. Despite these positive corporate actions, analyst opinions on Qualcomm are mixed, with a consensus “Hold” rating and a target price of $158.25 amidst both upgrades and downgrades from various brokers.