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Sterling Capital Management increased its QUALCOMM stake, but the company’s earnings missed analysts' forecasts.
Sterling Capital Management LLC boosted its stake in QUALCOMM Inc. by 5,746 shares in the fourth quarter, totaling 74,593 shares worth about $11.459 million.
Despite this investment, QUALCOMM's recent earnings per share of $2.86 fell short of analysts' expectations of $2.93.
Additionally, QUALCOMM's CFO, Akash J. Palkhiwala, sold 1,781 shares of the company's stock, reducing his ownership by 2.98%.
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Sterling Capital Management aumentó su participación en QUALCOMM, pero las ganancias de la compañía perdieron las previsiones de los analistas.