Keystone Financial Planning buys $3.2 Million stake in QUALCOMM (QCOM)

QUALCOMM (QCOM) : Keystone Financial Planning scooped up 159 additional shares in QUALCOMM during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 61,793 shares of QUALCOMM which is valued at $3.2 Million.QUALCOMM makes up approximately 2.25% of Keystone Financial Planning’s portfolio.

Other Hedge Funds, Including , Stillwater Investment Management boosted its stake in QCOM in the latest quarter, The investment management firm added 191 additional shares and now holds a total of 15,710 shares of QUALCOMM which is valued at $801,210. QUALCOMM makes up approx 0.48% of Stillwater Investment Management’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 opened for trading at $50.86 and hit $51.575 on the upside on Monday, eventually ending the session at $51, with a gain of 0.87% or 0.44 points. The heightened volatility saw the trading volume jump to 86,37,157 shares. Company has a market cap of $76,239 M.

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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