Lebenthal Holdingsllc buys $5,519,146 stake in QUALCOMM (QCOM)

QUALCOMM (QCOM) : Lebenthal Holdingsllc scooped up 23,178 additional shares in QUALCOMM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 104,847 shares of QUALCOMM which is valued at $5,519,146.QUALCOMM makes up approximately 0.95% of Lebenthal Holdingsllc’s portfolio.

QUALCOMM opened for trading at $51.71 and hit $53.09 on the upside on Friday, eventually ending the session at $52.64, with a gain of 1.88% or 0.97 points. The heightened volatility saw the trading volume jump to 1,40,29,779 shares. Company has a market cap of $77,324 M.

Other Hedge Funds, Including , Windsor Financial Group boosted its stake in QCOM in the latest quarter, The investment management firm added 4,250 additional shares and now holds a total of 85,474 shares of QUALCOMM which is valued at $4,499,351. QUALCOMM makes up approx 2.03% of Windsor Financial Group’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in QCOM by selling 440 shares or 8.76% in the most recent quarter. The Hedge Fund company now holds 4,580 shares of QCOM which is valued at $233,855. QUALCOMM makes up approx 0.06% of Daiwa Sb Investments Ltd.’s portfolio.Triangle Securities Wealth Management boosted its stake in QCOM in the latest quarter, The investment management firm added 2,360 additional shares and now holds a total of 10,927 shares of QUALCOMM which is valued at $557,277. QUALCOMM makes up approx 0.37% of Triangle Securities Wealth Management’s portfolio.Needelman Asset Management Inc boosted its stake in QCOM in the latest quarter, The investment management firm added 1,295 additional shares and now holds a total of 20,175 shares of QUALCOMM which is valued at $1,028,925. QUALCOMM makes up approx 3.02% of Needelman Asset Management Inc’s portfolio.Academy Capital Management Inctx boosted its stake in QCOM in the latest quarter, The investment management firm added 65,343 additional shares and now holds a total of 98,343 shares of QUALCOMM which is valued at $5,015,493. QUALCOMM makes up approx 1.23% of Academy Capital Management Inctx’s portfolio.

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. 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 .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 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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