QUALCOMM (QCOM) : Capital Wealth Planning scooped up 4,680 additional shares in QUALCOMM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 11,280 shares of QUALCOMM which is valued at $696,089.QUALCOMM makes up approximately 0.53% of Capital Wealth Planning’s portfolio.
Other Hedge Funds, Including , Liberty Mutual Group Asset Management boosted its stake in QCOM in the latest quarter, The investment management firm added 5,319 additional shares and now holds a total of 102,101 shares of QUALCOMM which is valued at $6,300,653. QUALCOMM makes up approx 0.23% of Liberty Mutual Group Asset Management’s portfolio. Napier Park Global Capital (us) Lp sold out all of its stake in QCOM during the most recent quarter. The investment firm sold 34,682 shares of QCOM which is valued $2,140,226. Rational Advisors added QCOM to its portfolio by purchasing 14,300 company shares during the most recent quarter which is valued at $882,453. QUALCOMM makes up approx 0.61% of Rational Advisors’s portfolio.Farr Miller Washingtondc boosted its stake in QCOM in the latest quarter, The investment management firm added 1,812 additional shares and now holds a total of 355,609 shares of QUALCOMM which is valued at $21,944,631. QUALCOMM makes up approx 2.39% of Farr Miller Washingtondc’s portfolio.Family Capital Trust Co reduced its stake in QCOM by selling 66,930 shares or 97.63% in the most recent quarter. The Hedge Fund company now holds 1,625 shares of QCOM which is valued at $101,693. QUALCOMM makes up approx 0.06% of Family Capital Trust Co’s portfolio.
QUALCOMM opened for trading at $62.42 and hit $63.085 on the upside on Monday, eventually ending the session at $62.98, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 53,54,712 shares. Company has a market cap of $92,810 M.
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. 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 .Company shares were Reiterated by Cowen on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $60 .
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.