R.h. Dinel Investment Counsel Lowers stake in QUALCOMM (QCOM)

QUALCOMM (QCOM) : R.h. Dinel Investment Counsel reduced its stake in QUALCOMM by 5.63% during the most recent quarter end. The investment management company now holds a total of 32,675 shares of QUALCOMM which is valued at $1,791,570 after selling 1,950 shares in QUALCOMM , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.QUALCOMM makes up approximately 2.06% of R.h. Dinel Investment Counsel’s portfolio.

Other Hedge Funds, Including , Franklin Street Advisors Inc Nc boosted its stake in QCOM in the latest quarter, The investment management firm added 292 additional shares and now holds a total of 7,323 shares of QUALCOMM which is valued at $401,520. QUALCOMM makes up approx 0.07% of Franklin Street Advisors Inc Nc’s portfolio.Howland Capital Management boosted its stake in QCOM in the latest quarter, The investment management firm added 10,513 additional shares and now holds a total of 220,779 shares of QUALCOMM which is valued at $11,964,014. QUALCOMM makes up approx 1.12% of Howland Capital Management’s portfolio.Triangle Securities Wealth Management reduced its stake in QCOM by selling 1,325 shares or 12.13% in the most recent quarter. The Hedge Fund company now holds 9,602 shares of QCOM which is valued at $520,332. QUALCOMM makes up approx 0.38% of Triangle Securities Wealth Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in QCOM by selling 213,687 shares or 23.73% in the most recent quarter. The Hedge Fund company now holds 686,843 shares of QCOM which is valued at $37,220,022. QUALCOMM makes up approx 0.16% of Bnp Paribas Arbitrage Sa’s portfolio.

QUALCOMM opened for trading at $54.91 and hit $55 on the upside on Wednesday, eventually ending the session at $54.83, with a gain of 0.38% or 0.21 points. The heightened volatility saw the trading volume jump to 56,76,402 shares. Company has a market cap of $80,541 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. QUALCOMM was Downgraded by Evercore ISI to ” Hold” on Jul 1, 2016. QUALCOMM was Downgraded by Bernstein to ” Mkt Perform” on Jun 30, 2016. QUALCOMM was Downgraded by Brean Capital to ” Hold” on Jun 9, 2016.

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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