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Qualcomm's stock fell 7.5% as earnings missed analysts' estimates, but retains a "Moderate Buy" rating.
Qualcomm's shares dropped 7.5% on Thursday after the company reported earnings per share of $2.86, missing analysts' estimates by $0.07.
Despite the decline, the wireless technology firm has a "Moderate Buy" rating and a price target of $205.32.
Qualcomm's stock currently has a market cap of $140.97 billion and a P/E ratio of 13.62.
Institutional investors have slightly adjusted their holdings, with Russell Investments increasing its stake and others like Atlas Capital reducing their positions.
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Las acciones de Qualcomm cayeron un 7,5% a medida que las ganancias fallaron las estimaciones de los analistas, pero retiene una calificación de "Compra Moderada".