Public Event Detail
Strs Ohio Purchases 80,141 Shares of Qualcomm Incorporated $QCOM
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Event summary
Strs Ohio increased its stake in Qualcomm by 31.5% in the fourth quarter, acquiring an additional 80,141 shares to reach a total of 334,811 shares valued at approximately $57.27 million. This move comes as Qualcomm reported strong Q2 earnings, with its CEO announcing custom data-center chip shipments to a "large hyperscaler" this year, fueling optimism around a new AI/data-center growth segment. Despite a boosted dividend and a $20 billion share buyback authorization, the company's Q3 guidance fell below analyst expectations due to a cited memory supply issue.