QUALCOMM (QCOM) : Lowe Fs reduced its stake in QUALCOMM by 3.64% during the most recent quarter end. The investment management company now holds a total of 1,510 shares of QUALCOMM which is valued at $77,101 after selling 57 shares in QUALCOMM , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.QUALCOMM makes up approximately 0.05% of Lowe Fs’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 , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in QCOM in the latest quarter, The investment management firm added 27,010 additional shares and now holds a total of 344,236 shares of QUALCOMM which is valued at $17,576,690. QUALCOMM makes up approx 0.40% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Mai Capital Management reduced its stake in QCOM by selling 8,482 shares or 6.44% in the most recent quarter. The Hedge Fund company now holds 123,236 shares of QCOM which is valued at $6,285,036. QUALCOMM makes up approx 0.52% of Mai Capital Management’s portfolio.Chevy Chase Trust Holdings boosted its stake in QCOM in the latest quarter, The investment management firm added 19,733 additional shares and now holds a total of 1,275,290 shares of QUALCOMM which is valued at $65,039,790. QUALCOMM makes up approx 0.38% of Chevy Chase Trust Holdings’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.West Oak Capital reduced its stake in QCOM by selling 1,225 shares or 4.97% in the most recent quarter. The Hedge Fund company now holds 23,447 shares of QCOM which is valued at $1,195,797. QUALCOMM makes up approx 0.93% of West Oak Capital’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.