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QUALCOMM faces investor pullback as Rathbones and Cerity reduce holdings, despite a high stock target price.
Investment firm Rathbones Group PLC reduced its holdings in QUALCOMM by 13.6%, selling 10,791 shares, while Cerity Partners LLC decreased its stake by 1.8%.
QUALCOMM's stock opened at $129.72, with a market cap of $143.47 billion and a P/E ratio of 13.86.
The company reported a Q4 EPS of $2.86, missing estimates by $0.07.
Analysts expect QUALCOMM to post 9.39 EPS for the year, with a stock target price of $205.32.
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QUALCOMM se enfrenta a un retroceso del inversor a medida que Rathbones y Cerity reducen sus tenencias, a pesar de un alto precio objetivo en acciones.