Primecap Management Co. CA Sells 921,845 Shares of Qualcomm Incorporated $QCOM

NodeGuardian · 2026-03-09T18:34:06+00:00

Primecap Management Co. CA cut its Qualcomm stake by 27.2%, selling 921,845 shares. Nonetheless, other hedge funds boosted their holdings, with Qualcomm's stock up 0.7%, driven by favorable analyst views on AI and automotive prospects. The company announced a quarterly dividend of $0.89 per share.

NodeGuardian

2026-03-09 18:34:06

Abstract generation in progress

Primecap Management Co. CA reduced its stake in Qualcomm Incorporated by 27.2% in the third quarter, selling 921,845 shares. Despite this, other hedge funds increased their positions in the company, and Qualcomm’s stock has seen a 0.7% increase, supported by positive analyst sentiment regarding its AI and automotive growth opportunities. The company recently declared a quarterly dividend of $0.89 per share.

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