QUALCOMM (QCOM) : Shelton Capital Management scooped up 1,906 additional shares in QUALCOMM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 188,433 shares of QUALCOMM which is valued at $9.7 Million.QUALCOMM makes up approximately 0.91% of Shelton Capital Management’s portfolio.
Other Hedge Funds, Including , Saturna Capital Corp reduced its stake in QCOM by selling 1,750 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 814,079 shares of QCOM which is valued at $41.8 Million. QUALCOMM makes up approx 1.36% of Saturna Capital Corp’s portfolio.Canada Pension Plan Investment Board boosted its stake in QCOM in the latest quarter, The investment management firm added 65,729 additional shares and now holds a total of 2,451,446 shares of QUALCOMM which is valued at $125.8 Million. QUALCOMM makes up approx 0.53% of Canada Pension Plan Investment Board’s portfolio.Korea Investment Corp boosted its stake in QCOM in the latest quarter, The investment management firm added 207,983 additional shares and now holds a total of 908,676 shares of QUALCOMM which is valued at $46.6 Million. QUALCOMM makes up approx 0.35% of Korea Investment Corp’s portfolio.Ameritas Investment Partners boosted its stake in QCOM in the latest quarter, The investment management firm added 141 additional shares and now holds a total of 97,111 shares of QUALCOMM which is valued at $5 Million. QUALCOMM makes up approx 0.34% of Ameritas Investment Partners’s portfolio. Forsta Ap-fonden sold out all of its stake in QCOM during the most recent quarter. The investment firm sold 1,314,228 shares of QCOM which is valued $67.4 Million.
QUALCOMM opened for trading at $55.7 and hit $56.27 on the upside on Wednesday, eventually ending the session at $55.98, with a gain of 0.70% or 0.39 points. The heightened volatility saw the trading volume jump to 92,79,652 shares. Company has a market cap of $82,230 M.
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.
Investors should note that on Apr 8, 2016, QUALCOMM announced a cash dividend of $0.5300. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 22, 2016.
Many Wall Street Analysts have commented on QUALCOMM. Credit Agricole Initiated QUALCOMM on May 17, 2016 to “Outperform”, Price Target of the shares are set at $65.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 .
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.