QUALCOMM (QCOM) : Pineview Asset Management Lp reduced its stake in QUALCOMM by 43.09% during the most recent quarter end. The investment management company now holds a total of 57,501 shares of QUALCOMM which is valued at $3,548,387 after selling 43,539 shares in QUALCOMM , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.QUALCOMM makes up approximately 1.77% of Pineview Asset Management Lp’s portfolio.
Other Hedge Funds, Including , Afam Capital reduced its stake in QCOM by selling 118 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 35,312 shares of QCOM which is valued at $2,179,104. QUALCOMM makes up approx 0.34% of Afam Capital’s portfolio.Dillon Associates Inc reduced its stake in QCOM by selling 4,225 shares or 6.69% in the most recent quarter. The Hedge Fund company now holds 58,898 shares of QCOM which is valued at $3,634,596. QUALCOMM makes up approx 1.60% of Dillon Associates Inc’s portfolio.Cetera Advisor Networks reduced its stake in QCOM by selling 16,234 shares or 24.1% in the most recent quarter. The Hedge Fund company now holds 51,124 shares of QCOM which is valued at $3,154,862. QUALCOMM makes up approx 0.18% of Cetera Advisor Networks’s portfolio.Alps Advisors Inc boosted its stake in QCOM in the latest quarter, The investment management firm added 71,027 additional shares and now holds a total of 490,073 shares of QUALCOMM which is valued at $30,634,463. QUALCOMM makes up approx 0.27% of Alps Advisors Inc’s portfolio.Nikko Asset Management Americas boosted its stake in QCOM in the latest quarter, The investment management firm added 2,900 additional shares and now holds a total of 15,900 shares of QUALCOMM which is valued at $887,538. QUALCOMM makes up approx 0.08% of Nikko Asset Management Americas’s portfolio.
QUALCOMM closed down -0.66 points or -1.05% at $62.43 with 6,281,596 shares getting traded on Wednesday. Post opening the session at $63.19, the shares hit an intraday low of $62.32 and an intraday high of $63.25 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, QUALCOMM reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.97. The company had revenue of $6000.00 million for the quarter, compared to analysts expectations of $5578.82 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.
Many Wall Street Analysts have commented on QUALCOMM. Company shares were Reiterated by Mizuho on Sep 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 59 from a previous price target of $56 .QUALCOMM was Downgraded by Standpoint Research to ” Hold” on Jul 25, 2016. Company shares were Reiterated by Mizuho on Jul 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 56 from a previous price target of $50 .
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.