QUALCOMM (QCOM) : Fjarde Ap-fonden Fourth Swedish National Pension Fund scooped up 2,759 additional shares in QUALCOMM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 348,419 shares of QUALCOMM which is valued at $22,891,128.QUALCOMM makes up approximately 0.51% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.
Other Hedge Funds, Including , Johanson Financial Advisors reduced its stake in QCOM by selling 2 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 5,701 shares of QCOM which is valued at $374,556. QUALCOMM makes up approx 0.41% of Johanson Financial Advisors’s portfolio.Highland Capital Management reduced its stake in QCOM by selling 7,118 shares or 8.86% in the most recent quarter. The Hedge Fund company now holds 73,180 shares of QCOM which is valued at $4,807,926. QUALCOMM makes up approx 0.41% of Highland Capital Management’s portfolio.Msi Financial Services Inc reduced its stake in QCOM by selling 3,340 shares or 6.61% in the most recent quarter. The Hedge Fund company now holds 47,198 shares of QCOM which is valued at $3,100,909. QUALCOMM makes up approx 0.11% of Msi Financial Services Inc’s portfolio. Hilton Capital Management added QCOM to its portfolio by purchasing 24,104 company shares during the most recent quarter which is valued at $1,620,994. QUALCOMM makes up approx 0.42% of Hilton Capital Management’s portfolio.First Mercantile Trust Co reduced its stake in QCOM by selling 22,599 shares or 16.85% in the most recent quarter. The Hedge Fund company now holds 111,533 shares of QCOM which is valued at $7,605,435. QUALCOMM makes up approx 1.02% of First Mercantile Trust Co’s portfolio.
QUALCOMM (QCOM) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $65.94 and reached the intraday high at $66.59. The bulls started the profit booking and pushed the shares to intraday low of $65.45. The trading session was marked by a volume range of 67,43,106 shares exchanging hands. The 52-week high of the shares is $70.4 and the 52-week low is $42.24. The market cap of the company stands at $96,819 M and there are 1,47,36,48,400 shares in public circulation.
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.
Investors should note that on Oct 6, 2016, QUALCOMM announced a cash dividend of $0.5300. The company’s management has announced Nov 28, 2016 as the ex-dividend date and fixed the record date on Nov 30, 2016. The payable date has been fixed on Dec 16, 2016.
Many Wall Street Analysts have commented on QUALCOMM. Company shares were Reiterated by RBC Capital Mkts on Oct 3, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 70 from a previous price target of $59 .Mizuho Upgraded QUALCOMM on Sep 30, 2016 to ” Buy”, Price Target of the shares are set at $75.Company shares were Reiterated by Cowen on Sep 30, 2016 to “Outperform”, Firm has raised the Price Target to $ 74 from a previous price target of $62 .
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.