QUALCOMM, Inc. (NASDAQ:QCOM) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday, MarketBeat.comreports. The brokerage presently has a $58.17 target price on the wireless technology company’s stock. Vetr‘s target price would indicate a potential upside of 12.75% from the company’s current price.
A number of large investors have bought and sold shares of the company. Daiwa SB Investments raised its stake in QUALCOMM by 95.3% in the fourth quarter. Daiwa SB Investments now owns 5,020 shares of the wireless technology company’s stock worth $251,000 after buying an additional 2,450 shares during the last quarter. Burke & Herbert Bank & Trust Company raised its stake in QUALCOMM by 33.7% in the fourth quarter. Burke & Herbert Bank & Trust Company now owns 5,255 shares of the wireless technology company’s stock worth $263,000 after buying an additional 1,325 shares in the last quarter. Montrusco Bolton Investments purchased a new stake in QUALCOMM during the fourth quarter worth approximately $377,000. Ariel Capital Advisors LLC raised its stake in QUALCOMM by 8.4% in the fourth quarter. Ariel Capital Advisors LLC now owns 7,720 shares of the wireless technology company’s stock worth $386,000 after buying an additional 595 shares in the last quarter. Finally, Searle & Company raised its stake in QUALCOMM by 6.7% in the fourth quarter. Searle & Company now owns 8,532 shares of the wireless technology company’s stock worth $428,000 after buying an additional 532 shares in the last quarter.
Source: American Banking and Market News