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Financial Counselors Inc. acquires 10,575 QUALCOMM Incorporated shares (NASDAQ:QCOM)

Financial Counselors Inc. acquires 10,575 QUALCOMM Incorporated shares (NASDAQ:QCOM)

The most recent disclosure that Financial Counselors Inc. submitted to the Securities and Exchange Commission revealed that during the third quarter, the company’s holdings in QUALCOMM Incorporated (NASDAQ: QCOM) increased by 4.7%. The institutional investor now has a total of 236,820 shares of stock in the cellular technology company, thanks to the fact that they made an additional purchase of 10,575 shares over time. The value of the QUALCOMM holdings that Financial Counselors, Inc. had as of the end of the most recent quarter was $26,756,000.

In addition, several institutional investors have recently adjusted the percentage of the company’s stock in their respective portfolios. Over the period covered by the report for the third quarter, Mission Wealth Management LP increased the percentage of QUALCOMM shares it owned by 4.8%. Mission Wealth Management LP now has a total of 14,528 shares of the stock of the cellular technology company after purchasing an additional 671 shares during the most recent quarter. The value of Mission Wealth Management LP’s shares of the company’s stock comes to a total of $1,641,000. ARGI Investment Services LLC made a 3.5% purchase of additional QUALCOMM stock during the third quarter, which resulted in the company owning a greater percentage of the company. ARGI Investment Services LLC increased its stake in the cellular technology company by 122 shares during the most recent fiscal quarter, bringing the total number of shares it owns to 3,595. These shares are worth a total of $406,000onal.

Investors have recently adjusted the percentage of the company’s stock in their respective portfolios. Over the period covered by the report for the third quarter, Mission Wealth Management LP increased the percentage of QUALCOMM shares it owned by 4.8%. Mission Wealth Management LP now has a total of 14,528 shares of the stock of the cellular technology company after purchasing an additional 671 shares during the most recent quarter. The value of Mission Wealth Management LP’s shares of the company’s stock comes to a total of $1,641,000. ARGI Investment Services LLC made a 3.5% purchase of additional QUALCOMM stock during the third quarter, which resulted in the company owning a greater percentage of the company. ARGI Investment Services LLC increased its stake in the cellular technology company by 122 shares during the most recent fiscal quarter, bringing the total number of shares it owns to 3,595. These shares are worth a total of $406,000. Desjardins Global Asset Management Inc. increased the amount of QUALCOMM stock owned by 2.5 percent over the third quarter. After making an additional purchase of 266 shares during the most recent quarter, Desjardins Global Asset Management Inc. now has a total of 10,899 shares of the cellular technology company, collectively worth a total of $1,231,000. This brings the company’s total number of shares to 10,899. During the third quarter, IFG Advisory LLC was able to increase the proportion of QUALCOMM stock that is owned by 2.9%. IFG Advisory LLC increased its holdings in the wireless technology company’s stock by 208 shares during the most recent quarter of the company’s fiscal year, bringing the total number of shares that it now possesses to 7,363, with a value of $831,000.

Last but not least, Massmutual Trust Co. FSB ADV increased the percentage of QUALCOMM stock owned by 8.3% during the third quarter. This certainly should not be considered the least important development. Following the acquisition of an additional 1,830 shares during the most recent quarter, Massmutual Trust Co. FSB ADV now has 23,802 shares of the cellular technology company, collectively worth $2,689,000. This brings the total number of shares owned by the company to 23,802. At present, institutions own 70.87 percent of the total shares of stock that are outstanding.

The stock has been the subject of a few financial analysts’ commentaries. StockNews.com changed their recommendation for purchasing shares of QUALCOMM from “buy” to “hold” in a research note published on Friday, December 16th. This indicates that they do not suggest purchasing the stock any longer. Piper Jaffray decreased their price target on shares of QUALCOMM from $185.00 to $145.00 in a report that was published on Thursday, November 3rd. Despite this change, Piper Jaffray maintained an “overweight” rating on the stock. Sanford C. Bernstein stated in research made public on Friday, November 4th, that the price objective for QUALCOMM shares has decreased to $165.00. In a report released on Thursday, November 3rd, Canaccord Genuity Group stated that the price target they had established for QUALCOMM shares had decreased. The previous price objective was $225.00, and the new price objective was $165.00. Raymond James decreased their price objective on QUALC

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