Windsor Financial Group buys $4,499,351 stake in QUALCOMM (QCOM)

QUALCOMM (QCOM) : Windsor Financial Group scooped up 4,250 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 85,474 shares of QUALCOMM which is valued at $4,499,351.QUALCOMM makes up approximately 2.03% of Windsor Financial Group’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 , Next Financial Group Inc reduced its stake in QCOM by selling 2,273 shares or 17.15% in the most recent quarter. The Hedge Fund company now holds 10,981 shares of QCOM which is valued at $578,040. QUALCOMM makes up approx 0.20% of Next Financial Group Inc’s portfolio.Beacon Capital Management reduced its stake in QCOM by selling 290 shares or 69.05% in the most recent quarter. The Hedge Fund company now holds 130 shares of QCOM which is valued at $6,843.New York State Teachers Retirement System reduced its stake in QCOM by selling 78,792 shares or 2.62% in the most recent quarter. The Hedge Fund company now holds 2,928,920 shares of QCOM which is valued at $154,178,349. QUALCOMM makes up approx 0.40% of New York State Teachers Retirement System’s portfolio.First Premier Bank boosted its stake in QCOM in the latest quarter, The investment management firm added 468 additional shares and now holds a total of 1,193 shares of QUALCOMM which is valued at $60,843. QUALCOMM makes up approx 0.05% of First Premier Bank’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.

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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