QUALCOMM (QCOM) : Tanaka Capital Management Inc scooped up 580 additional shares in QUALCOMM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 18,315 shares of QUALCOMM which is valued at $1,130,219.QUALCOMM makes up approximately 2.75% of Tanaka Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Capital Guardian Trust Co boosted its stake in QCOM in the latest quarter, The investment management firm added 4,156 additional shares and now holds a total of 25,091 shares of QUALCOMM which is valued at $1,548,366. QUALCOMM makes up approx 0.01% of Capital Guardian Trust Co’s portfolio.Cornerstone Capital reduced its stake in QCOM by selling 2,430 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 117,623 shares of QCOM which is valued at $7,258,515. QUALCOMM makes up approx 1.55% of Cornerstone Capital’s portfolio. Janney Montgomery Scott added QCOM to its portfolio by purchasing 357,278 company shares during the most recent quarter which is valued at $22,151,236. QUALCOMM makes up approx 0.33% of Janney Montgomery Scott’s portfolio. Donald L. Hagan sold out all of its stake in QCOM during the most recent quarter. The investment firm sold 416 shares of QCOM which is valued $25,438. Cribstone Capital Management added QCOM to its portfolio by purchasing 40 company shares during the most recent quarter which is valued at $2,233.
QUALCOMM closed down -0.66 points or -1.05% at $62.43 with 6,281,596 shares getting traded on Wednesday. Post opening the session at $63.19, the shares hit an intraday low of $62.32 and an intraday high of $63.25 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, QUALCOMM reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.97. The company had revenue of $6000.00 million for the quarter, compared to analysts expectations of $5578.82 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.
Many Wall Street Analysts have commented on QUALCOMM. Company shares were Reiterated by Mizuho on Sep 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 59 from a previous price target of $56 .QUALCOMM was Downgraded by Standpoint Research to ” Hold” on Jul 25, 2016. Company shares were Reiterated by Mizuho on Jul 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 56 from a previous price target of $50 .
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.