Hussman Strategic Advisors Inc. Invests $4.67 Million in Qualcomm Incorporated $QCOM

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Hussman Strategic Advisors Inc. initiated a new position in Qualcomm (NASDAQ:QCOM) during the fourth quarter, purchasing 27,300 shares valued at approximately $4.67 million, making it their largest holding. This investment comes as Qualcomm has seen a surge in its stock, driven by a strong Q2 earnings beat, news of shipping custom data-center chips, increased shareholder returns through dividends and a stock buyback program, and significant institutional ownership. Despite its “Hold” consensus rating from analysts, several firms have raised price targets for the wireless technology giant.

4-13.2%
IN-5.81%
QCOM-6.38%
AT0.54%
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