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Qualcomm reports Q1 revenue up 17% to $10.98B, despite mixed investor actions and a "Hold" rating.
Qualcomm's Q1 revenue rose 17% to $10.98 billion, with earnings of $2.85 per share exceeding estimates.
Institutional investors like Allspring Global Investments reduced holdings, while others like Emerald Advisors increased theirs.
The company's stock, with a 2.25% dividend yield, opened at $158.54, below analysts' average price target of $186.96.
MarketBeat rates Qualcomm as "Hold."
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Qualcomm informa que los ingresos del primer trimestre aumentaron un 17% a $10.98B, a pesar de las acciones mixtas de los inversores y una calificación "Hold".