Levy Harkins Co Inc buys $9 Million stake in QUALCOMM (QCOM)

QUALCOMM (QCOM) : Levy Harkins Co Inc scooped up 5,398 additional shares in QUALCOMM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 26, 2016. The investment management firm now holds a total of 162,371 shares of QUALCOMM which is valued at $9 Million.QUALCOMM makes up approximately 3.81% of Levy Harkins Co Inc’s portfolio.

Other Hedge Funds, Including , Lmm sold out all of its stake in QCOM during the most recent quarter. The investment firm sold 736,465 shares of QCOM which is valued $40.2 Million.Nuveen Asset Management boosted its stake in QCOM in the latest quarter, The investment management firm added 231,492 additional shares and now holds a total of 973,032 shares of QUALCOMM which is valued at $49.9 Million. QUALCOMM makes up approx 0.31% of Nuveen Asset Management’s portfolio.Geode Capital Management boosted its stake in QCOM in the latest quarter, The investment management firm added 615,948 additional shares and now holds a total of 14,063,913 shares of QUALCOMM which is valued at $721.8 Million. QUALCOMM makes up approx 0.40% of Geode Capital Management’s portfolio.Seizert Capital Partners boosted its stake in QCOM in the latest quarter, The investment management firm added 127,581 additional shares and now holds a total of 986,833 shares of QUALCOMM which is valued at $50.6 Million. QUALCOMM makes up approx 1.76% of Seizert Capital Partners’s portfolio.National Penn Investors Trust Co Pa reduced its stake in QCOM by selling 12,064 shares or 4.91% in the most recent quarter. The Hedge Fund company now holds 233,531 shares of QCOM which is valued at $12 Million. QUALCOMM makes up approx 1.37% of National Penn Investors Trust Co Pa’s portfolio.

QUALCOMM closed down -0.13 points or -0.24% at $54.79 with 1,21,56,815 shares getting traded on Wednesday. Post opening the session at $54.5, the shares hit an intraday low of $54.45 and an intraday high of $54.97 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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. Credit Agricole Initiated QUALCOMM on May 17, 2016 to “Outperform”, Price Target of the shares are set at $65.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 .

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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