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Qualcomm Incorporated $QCOM Shares Bought by Gateway Investment Advisers LLC
Gateway Investment Advisers LLC increased its holdings in Qualcomm (NASDAQ:QCOM) by 2.4% in the fourth quarter, owning 287,997 shares valued at $49.26 million. Qualcomm reported a Q2 EPS beat of $2.65 and revenue of $10.60 billion, declared a quarterly dividend increase to $0.92 per share, and announced a $20 billion share buyback plan. Despite mixed analyst sentiment and some insider selling, the company’s Q2 performance and strategic initiatives like AI silicon shipments suggest a positive outlook for investors.