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Qualcomm Incorporated $QCOM Shares Sold by Advisors Management Group Inc. ADV
Advisors Management Group Inc. ADV significantly reduced its holdings in Qualcomm (NASDAQ:QCOM) by 38.3% in the fourth quarter, selling 8,633 shares. Despite this, Qualcomm exceeded quarterly EPS and revenue expectations, and its board approved a $20 billion share buyback program while paying a $0.89 quarterly dividend. Analyst ratings are mixed with a consensus “Hold” and an average target price of $165.14, and recent insider transactions show further share sales.