QUALCOMM (QCOM) : Staley Capital Advisers Inc scooped up 64,790 additional shares in QUALCOMM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 715,058 shares of QUALCOMM which is valued at $36,410,753.QUALCOMM makes up approximately 3.92% of Staley Capital Advisers Inc’s portfolio.
Other Hedge Funds, Including , Compass Capital Management Inc boosted its stake in QCOM in the latest quarter, The investment management firm added 17,770 additional shares and now holds a total of 333,109 shares of QUALCOMM which is valued at $16,961,910. QUALCOMM makes up approx 3.36% of Compass Capital Management Inc’s portfolio.Tokio Marine Asset Management Co Ltd reduced its stake in QCOM by selling 2,564 shares or 5.48% in the most recent quarter. The Hedge Fund company now holds 44,190 shares of QCOM which is valued at $2,250,155. QUALCOMM makes up approx 0.23% of Tokio Marine Asset Management Co Ltd’s portfolio.Riverbridge Partners boosted its stake in QCOM in the latest quarter, The investment management firm added 45,381 additional shares and now holds a total of 353,010 shares of QUALCOMM which is valued at $17,834,065. QUALCOMM makes up approx 0.37% of Riverbridge Partners’s portfolio. Mizuho Securities Usa sold out all of its stake in QCOM during the most recent quarter. The investment firm sold 40,000 shares of QCOM which is valued $2,105,600.Dividend Asset Capital reduced its stake in QCOM by selling 15,884 shares or 41.23% in the most recent quarter. The Hedge Fund company now holds 22,640 shares of QCOM which is valued at $1,191,770. QUALCOMM makes up approx 0.03% of Dividend Asset Capital’s portfolio.
QUALCOMM opened for trading at $51.26 and hit $52.23 on the upside on Tuesday, eventually ending the session at $52.15, with a gain of 1.86% or 0.95 points. The heightened volatility saw the trading volume jump to 81,99,000 shares. Company has a market cap of $76,604 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.
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.