Brandywine Global Investment Management Reduces $3M in QUALCOMM Incorporated ($QCOM)
Key Points
- Brandywine Global Investment Management changed its QUALCOMM Incorporated ($QCOM) stake by 1.9% last quarter, cutting to 756,299 shares worth $160.09 million.
- Wall Street's consensus rating on $QCOM is Hold and an average price target of $180.48.
- $QCOM last traded around $211.67.
Brandywine Global Investment Management trimmed its position in QUALCOMM Incorporated ($QCOM) by 1.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 756,299 shares of QUALCOMM Incorporated after selling 14,867 shares during the quarter. Brandywine Global Investment Management's holdings in QUALCOMM Incorporated were worth $160.09 million as of its most recent filing.
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About QUALCOMM Incorporated
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software with connectivity and computing technologies for use in mobile devices; automotive systems for connectivity, digital cockpit, and ADAS/AD; and IoT, including consumer electronic devices, industrial devices, and edge networking products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing LTE, and/or OFDMA-based 5G products and derivatives; to use cellular standard-essential patents, including 3G, 4G and 5G for cellular devices. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, IoT, and extended reality, and investments, including non-marketable equity securities and, to a lesser extent, marketable equity securities, and convertible debt instruments. It also provides development, and other services and sells related products to the United States government agencies and their contractors. In addition, the company is also involved in Qualcomm government technologies and data center businesses. QUALCOMM Incorporated was incorporated in 1985 and is headquartered in San Diego, California.
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