Ownership Capital B.v. Exits Position in QUALCOMM (QCOM)

QUALCOMM (QCOM) : Ownership Capital B.v. has sold out all of its stake in QUALCOMM during the most recent quarter, according to the disclosure filed by the company on May 3, 2016 with the SEC. The investment management company has sold out 261,820 shares of QUALCOMM which is valued at $13,331,874.

Other Hedge Funds, Including , Dillon Associates Inc reduced its stake in QCOM by selling 40,769 shares or 39.24% in the most recent quarter. The Hedge Fund company now holds 63,123 shares of QCOM which is valued at $3,214,223. QUALCOMM makes up approx 1.51% of Dillon Associates Inc’s portfolio.Commonwealth Equity Services Inc boosted its stake in QCOM in the latest quarter, The investment management firm added 30,203 additional shares and now holds a total of 289,314 shares of QUALCOMM which is valued at $14,616,143. QUALCOMM makes up approx 0.13% of Commonwealth Equity Services Inc’s portfolio.Carroll Financial Associates reduced its stake in QCOM by selling 1,787 shares or 8.05% in the most recent quarter. The Hedge Fund company now holds 20,399 shares of QCOM which is valued at $1,073,803. QUALCOMM makes up approx 0.20% of Carroll Financial Associates’s portfolio.Firstmerit Bank N A Trustee reduced its stake in QCOM by selling 4,099 shares or 13.47% in the most recent quarter. The Hedge Fund company now holds 26,323 shares of QCOM which is valued at $1,385,643. QUALCOMM makes up approx 0.11% of Firstmerit Bank N A Trustee’s portfolio.Cwm reduced its stake in QCOM by selling 4,125 shares or 2.46% in the most recent quarter. The Hedge Fund company now holds 163,887 shares of QCOM which is valued at $8,627,012. QUALCOMM makes up approx 0.74% of Cwm’s portfolio.

QUALCOMM opened for trading at $51.26 and hit $52.23 on the upside on Tuesday, eventually ending the session at $52.15, with a gain of 1.86% or 0.95 points. The heightened volatility saw the trading volume jump to 81,99,000 shares. Company has a market cap of $76,604 M.

On the company’s financial health, QUALCOMM reported $1.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.96. The company had revenue of $5551.00 million for the quarter, compared to analysts expectations of $5334.52 million. The company’s revenue was down -19.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.40 EPS.

Many Wall Street Analysts have commented on QUALCOMM. Rosenblatt Downgraded QUALCOMM on Apr 21, 2016 to ” Neutral”, Price Target of the shares are set at $57.Company shares were Reiterated by Mizuho on Apr 12, 2016 to “Neutral”, Firm has raised the Price Target to $ 49 from a previous price target of $47 .Shares were Downgraded by Barclays on Mar 28, 2016 to ” Equal Weight” and Lowered the Price Target to $ 50 from a previous price target of $55 .

Qualcomm Incorporated (Qualcomm) is engaged in providing third-generation (3G) fourth-generation (4G) and next-generation wireless technologies. The Company’s products include 2net AllPlay Brew Gobi Halo HealthyCircles Hy-Fi IPQ IZat Pixtronix Powerline QChat QLearn Small Cells Snapdragon Vive RaptorQ Vuforia and WiPower. AllPlay helps manufacturers create devices and services. It also helps developers create Android and iPhone operating system (iOS) music streaming applications. The Company’s Brew platform enables feature phone applications such as gaming messaging Web browsing and social networking. Qualcomm Gobi modems connect users devices to 3G 4G and 4G long-term evolution (LTE) networks. Qualcomm Halo technology eliminates the need for plug-in cords for recharging in electric and hybrid vehicles. Qualcomm Powerline solutions turn electrical outlets into broadband connection points creating networks by plugging in.

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