QUALCOMM (QCOM) : Endurance Wealth Management reduced its stake in QUALCOMM by 14.27% during the most recent quarter end. The investment management company now holds a total of 360,573 shares of QUALCOMM which is valued at $18,410,857 after selling 60,006 shares in QUALCOMM , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.QUALCOMM makes up approximately 3.56% of Endurance Wealth Management’s portfolio.
QUALCOMM closed down -0.76 points or -1.47% at $51.06 with 1,01,43,319 shares getting traded on Friday. Post opening the session at $51.93, the shares hit an intraday low of $51.03 and an intraday high of $51.99 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Franklin Street Advisors Inc Nc reduced its stake in QCOM by selling 113,206 shares or 94.15% in the most recent quarter. The Hedge Fund company now holds 7,031 shares of QCOM which is valued at $359,003. QUALCOMM makes up approx 0.07% of Franklin Street Advisors Inc Nc’s portfolio.Central Bank Trust Co reduced its stake in QCOM by selling 12,237 shares or 80.82% in the most recent quarter. The Hedge Fund company now holds 2,904 shares of QCOM which is valued at $148,278. QUALCOMM makes up approx 0.04% of Central Bank Trust Co’s portfolio.Peachtree Investment Advisors boosted its stake in QCOM in the latest quarter, The investment management firm added 525 additional shares and now holds a total of 28,670 shares of QUALCOMM which is valued at $1,463,890. QUALCOMM makes up approx 1.45% of Peachtree Investment Advisors’s portfolio.Edge Wealth Management boosted its stake in QCOM in the latest quarter, The investment management firm added 18,955 additional shares and now holds a total of 66,096 shares of QUALCOMM which is valued at $3,370,896. QUALCOMM makes up approx 1.54% of Edge Wealth Management’s portfolio.Proficio Capital Partners boosted its stake in QCOM in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 284 shares of QUALCOMM which is valued at $14,484. QUALCOMM makes up approx 0.01% of Proficio Capital Partners’s portfolio.
On the company’s financial health, QUALCOMM reported $0.97 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $0.91. The company had revenue of $5775.00 million for the quarter, compared to analysts expectations of $5714.38 million. The company’s revenue was down -18.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.34 EPS.
Many Wall Street Analysts have commented on QUALCOMM. 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 was Upgraded by Bernstein to ” Outperform” on Feb 16, 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.