Weiss Asset Management Discloses Stake in Aqua Acquisition Sub LLC
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 4 day ago
0mins
Source: Businesswire
- Stake Disclosure: Weiss Asset Management LP holds 153,456 shares in Aqua Acquisition Sub LLC, representing approximately 0.01%, indicating a minor involvement in the acquisition deal that may affect market attention towards the transaction.
- Trading Activity: In recent dealings, Weiss purchased 14,127 shares at $168.58 each and sold 18,000 shares at $170.63 each, demonstrating flexibility in managing its portfolio amid market fluctuations.
- Compliance Requirement: This disclosure adheres to Rule 8.3 of the Takeover Code, ensuring transparency and maintaining market fairness, which could positively influence investor confidence.
- Market Reaction: Although the stake is small, such disclosures typically attract market attention and may impact the stock price trajectory of Aqua Acquisition Sub LLC, especially during acquisition negotiations.
QCOM.O$0.0000%Past 6 months

No Data
Analyst Views on QCOM
Wall Street analysts forecast QCOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QCOM is 198.00 USD with a low forecast of 165.00 USD and a high forecast of 225.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast QCOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QCOM is 198.00 USD with a low forecast of 165.00 USD and a high forecast of 225.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 174.350

Current: 174.350

Citi believes Qualcomm (QCOM) may be evaluating Intel Foundry (INTC) for its data center application-specific integrated circuits business, which represents less than 1% of its sales. Citi found Qualcomm job postings with qualifications including Intel's embedded multi-die interconnect bridge packaging technology, the analyst tells investors in a research note. The firm also found Apple (AAPL) and Broadcom (AVGO) job postings that include references to Intel's packaging technology. Citi, which doubts the agreements would be material for Intel, points out the three potential contracts would be for packaging, which brings low pricing and margins. Citi keeps a Neutral rating on Qualcomm and Sell rating on Intel.
NULL -> Outperform
maintain
$185 -> $200
Reason
Mizuho raised the firm's price target on Qualcomm to $200 from $185 and keeps an Outperform rating on the shares.
downgrade
$216 -> $200
Reason
Baird analyst Tristan Gerra lowered the firm's price target on Qualcomm to $200 from $216 and keeps an Outperform rating on the shares. The firm said diversification is wll under way with multiple expansion ahead and AI is a wild card.
Overweight
maintain
$175 -> $200
Reason
Piper Sandler analyst Harsh Kumar raised the firm's price target on Qualcomm to $200 from $175 and keeps an Overweight rating on the shares. The firm notes the company delivered a significant beat of roughly $500M in the September quarter and also guided up for the December quarter by a similar magnitude. Piper feels that Qualcomm is able to mitigate concerns around its largest customer, supported by stronger traction within the Android base, particularly through higher content to increase in AI in computing cores.
About QCOM
Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry, including third generation (3G), fourth generation (4G) and fifth generation (5G) wireless connectivity, and high-performance and low-power computing, including on-device artificial intelligence. Its segments include Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including radio frequency front-end, digital cockpit and advanced driver assistance and automated driving, Internet of things including consumer electronic devices, industrial devices and edge networking products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio that includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.