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Guggenheim Capital increased its Qualcomm stake by 2.1%, but the stock still holds a "Hold" rating.
Guggenheim Capital LLC increased its stake in Qualcomm by 2.1%, acquiring 16,735 shares, which now total 825,160 shares valued at $126.8 million.
Despite institutional backing, the stock has a "Hold" rating with a $201.21 target price.
Qualcomm's stock opened at $139.19 on Tuesday, with a 50-day moving average of $155.76.
The company reported $2.86 EPS for its latest quarter, missing estimates by $0.07.
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Guggenheim Capital aumentó su participación en Qualcomm en un 2.1%, pero la acción aún tiene una calificación "Hold".