QUALCOMM (QCOM) : Osher Van De Voorde Investment Management scooped up 25,850 additional shares in QUALCOMM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 179,500 shares of QUALCOMM which is valued at $9,211,940.QUALCOMM makes up approximately 5.91% of Osher Van De Voorde Investment Management’s portfolio.
Other Hedge Funds, Including , Papp L Roy Associates reduced its stake in QCOM by selling 29,153 shares or 20.78% in the most recent quarter. The Hedge Fund company now holds 111,123 shares of QCOM which is valued at $5,702,832. QUALCOMM makes up approx 1.37% of Papp L Roy Associates’s portfolio.Liberty Mutual Group Asset Management boosted its stake in QCOM in the latest quarter, The investment management firm added 3,293 additional shares and now holds a total of 96,782 shares of QUALCOMM which is valued at $4,928,139. QUALCOMM makes up approx 0.21% of Liberty Mutual Group Asset Management’s portfolio.Welch Forbes reduced its stake in QCOM by selling 22,201 shares or 6.47% in the most recent quarter. The Hedge Fund company now holds 320,819 shares of QCOM which is valued at $16,336,103. QUALCOMM makes up approx 0.51% of Welch Forbes’s portfolio.Alerus Investment Advisors Corp boosted its stake in QCOM in the latest quarter, The investment management firm added 8,193 additional shares and now holds a total of 89,214 shares of QUALCOMM which is valued at $4,542,777. QUALCOMM makes up approx 0.80% of Alerus Investment Advisors Corp’s portfolio.Roanoke Asset Management Corp Ny boosted its stake in QCOM in the latest quarter, The investment management firm added 2,445 additional shares and now holds a total of 59,055 shares of QUALCOMM which is valued at $2,983,459. QUALCOMM makes up approx 1.36% of Roanoke Asset Management Corp Ny’s portfolio.
QUALCOMM closed down -0.19 points or -0.37% at $51.32 with 69,75,089 shares getting traded on Friday. Post opening the session at $51.46, the shares hit an intraday low of $51.105 and an intraday high of $52.08 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.