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QUALCOMM Incorporated $QCOM Shares Bought by Rhumbline Advisers
Rhumbline Advisers increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.9% in the third quarter, bringing their total holdings to 2,046,626 shares valued at $340,477,000. Other institutional investors also adjusted their positions, and insider selling occurred with executives selling shares totaling over $490,000. Despite analyst downgrades and price target cuts following recent earnings guidance, QUALCOMM reported robust performance with Q3 earnings beating estimates and strong revenue growth.