QUALCOMM (QCOM) : Notis-mcconarty Edward scooped up 3,475 additional shares in QUALCOMM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 27, 2016. The investment management firm now holds a total of 29,565 shares of QUALCOMM which is valued at $1.6 Million.QUALCOMM makes up approximately 1.15% of Notis-mcconarty Edward’s portfolio.
Other Hedge Funds, Including , Dempze Nancy E boosted its stake in QCOM in the latest quarter, The investment management firm added 2,700 additional shares and now holds a total of 9,995 shares of QUALCOMM which is valued at $552,424. QUALCOMM makes up approx 0.96% of Dempze Nancy E’s portfolio.Cetera Advisor Networks reduced its stake in QCOM by selling 2,473 shares or 3.54% in the most recent quarter. The Hedge Fund company now holds 67,358 shares of QCOM which is valued at $3.7 Million. QUALCOMM makes up approx 0.23% of Cetera Advisor Networks’s portfolio.Pacific Global Investment Management Co reduced its stake in QCOM by selling 40 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 25,692 shares of QCOM which is valued at $1.3 Million. QUALCOMM makes up approx 0.31% of Pacific Global Investment Management Co’s portfolio.Reynders Mcveigh Capital Management boosted its stake in QCOM in the latest quarter, The investment management firm added 15,852 additional shares and now holds a total of 143,761 shares of QUALCOMM which is valued at $7.4 Million. QUALCOMM makes up approx 1.12% of Reynders Mcveigh Capital Management’s portfolio.
QUALCOMM closed down -0.05 points or -0.09% at $54.84 with 54,00,156 shares getting traded on Tuesday. Post opening the session at $54.94, the shares hit an intraday low of $54.665 and an intraday high of $55.18 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. 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.