QUALCOMM (QCOM) : Kelly Lawrence W Associates Incca scooped up 23,050 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 256,070 shares of QUALCOMM which is valued at $15,802,080.QUALCOMM makes up approximately 3.70% of Kelly Lawrence W Associates Incca’s portfolio.
Other Hedge Funds, Including , Archford Capital Strategies boosted its stake in QCOM in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 13,386 shares of QUALCOMM which is valued at $826,050. QUALCOMM makes up approx 0.42% of Archford Capital Strategies’s portfolio.Harris Associates L P boosted its stake in QCOM in the latest quarter, The investment management firm added 175,206 additional shares and now holds a total of 6,168,055 shares of QUALCOMM which is valued at $380,630,674. QUALCOMM makes up approx 0.72% of Harris Associates L P’s portfolio.Gabelli Funds reduced its stake in QCOM by selling 18,000 shares or 30.35% in the most recent quarter. The Hedge Fund company now holds 41,300 shares of QCOM which is valued at $2,560,600. QUALCOMM makes up approx 0.02% of Gabelli Funds’s portfolio.Catawba Capital Management Va reduced its stake in QCOM by selling 3,382 shares or 15.15% in the most recent quarter. The Hedge Fund company now holds 18,942 shares of QCOM which is valued at $1,057,342. QUALCOMM makes up approx 0.25% of Catawba Capital Management Va’s portfolio.
QUALCOMM opened for trading at $62.87 and hit $63.5 on the upside on Thursday, eventually ending the session at $63.47, with a gain of 0.63% or 0.4 points. The heightened volatility saw the trading volume jump to 69,06,300 shares. Company has a market cap of $93,532 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. 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.