Menlo Advisors LLC acquired more QUALCOMM shares, surpassed earnings estimates, and declared a $0.85 dividend.

Menlo Advisors LLC acquired additional shares of QUALCOMM Inc. (NASDAQ: QCOM), now holding 1,125 shares. The company reported earnings of $1.93 per share, surpassing estimates, and declared a quarterly dividend of $0.85, payable on September 26. Various institutional investors have increased their stakes, and several analysts raised their price targets, with recommendations ranging from "buy" to "hold." QUALCOMM's revenue for the quarter was $9.39 billion.

September 17, 2024
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