RWA WEALTH PARTNERS LLC INCREASED ITS POSITION IN Qualcomm incorporated (nasdaq: qcom) by 22% During the First Quarter, Purchasing An Additional 40,609 Shares to Bring ITS Total Holdings To 224,868 Shares value at $ 34.5 million at quarter-end.
The Significant Expansion Reflects Growing Institutional Confidence in the Wireless Technology Giant’s Growth Prospects Amid the 5g Expansion Cycle.
The Wealth Management Firm’s Bullish Move Came As Institutional Investors Broadly Accumulated Qualcomm Shares, With 74.35% of the Company Now Held By Institutional Investors. Notable Addations Included Nuveen LLC Purchasing to New $ 529.7 Million PositionWhile Gamma Investing LLC Dramatically increase $ 501.2 million.
QUALCOMM’S FUNDAMENTALS SUPPORED The Institutional Buying Activity, With The Company Reporting $ 2.77 Earnings Per Share For Q2, Beating Analyst Expectations of $ 2.71. Revenue rear $ 10.37 billionExceeding Forecasts of $ 10.33 billion and representing 10.4% YEAR-OVER-YEAR GROWTH.
The Chipmaker’s Strong Performance was Driven by Robust Smartphone Demand and Expanding 5G Infrastructure Deployments Globle.
Wall Street Maintains Cautiously Optimistic Outlook On Qualcomm, With Eleven Buy Ratings and Eleven Hold Ratings Among Analysts, resulting in a “Hold” Consensus and average price target of $ 181.10. Recent Target Adjustments Include Rosenblatt Securities’ $ 225 Target and Mizuho’s review $ 185 targetReflecting Mixed Sentiment About Near-Term Growth Acceleration.
RWA WEALTH PARTNERS Manages Approximately $ 7.9 Billion In Assets ACROSS 588 Stock Holdings As of March 2025, Employing An Asset Allocation-Focused Investment Philosophy.
The Firm’s Qualcomm Position Repreas $ 170.3 Billion Market Capitalization and ITS Role in the Ongoing Wireless Technology Transition.
