Verdence Capital Advisors LLC Sells 24,823 Shares of Qualcomm Incorporated $QCOM

Verdence Capital Advisors LLC significantly reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM) by selling 24,823 shares, cutting its position by 56.5% and leaving it with 19,146 shares valued at $3.28 million. This comes as Qualcomm recently authorized a $20 billion share buyback and increased its quarterly dividend to $0.92, while also exceeding quarterly earnings estimates. Despite some insider selling and mixed analyst ratings, the stock rallied 11.1% driven by a semiconductor sector boost and bullish options activity.

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