QUALCOMM (QCOM) : Btr Capital Management Inc scooped up 1,575 additional shares in QUALCOMM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 125,251 shares of QUALCOMM which is valued at $6,932,643.QUALCOMM makes up approximately 1.54% of Btr Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Handelsbanken Fonder Ab reduced its stake in QCOM by selling 33,500 shares or 25.83% in the most recent quarter. The Hedge Fund company now holds 96,189 shares of QCOM which is valued at $5,324,061. QUALCOMM makes up approx 0.21% of Handelsbanken Fonder Ab’s portfolio.Rk Asset Management reduced its stake in QCOM by selling 11,424 shares or 10.11% in the most recent quarter. The Hedge Fund company now holds 101,538 shares of QCOM which is valued at $5,559,206. QUALCOMM makes up approx 4.87% of Rk Asset Management’s portfolio. Banced Corp added QCOM to its portfolio by purchasing 17,705 company shares during the most recent quarter which is valued at $970,765. QUALCOMM makes up approx 1.69% of Banced Corp’s portfolio.Atria Investments boosted its stake in QCOM in the latest quarter, The investment management firm added 676 additional shares and now holds a total of 35,351 shares of QUALCOMM which is valued at $1,938,295. QUALCOMM makes up approx 0.21% of Atria Investments’s portfolio.Rosenbaum Jay D. reduced its stake in QCOM by selling 3,750 shares or 42.33% in the most recent quarter. The Hedge Fund company now holds 5,110 shares of QCOM which is valued at $276,911. QUALCOMM makes up approx 0.04% of Rosenbaum Jay D.’s portfolio.
QUALCOMM opened for trading at $55.14 and hit $55.65 on the upside on Monday, eventually ending the session at $55.35, with a gain of 1.10% or 0.6 points. The heightened volatility saw the trading volume jump to 92,25,899 shares. Company has a market cap of $81,304 M.
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.
Investors should note that on Jul 12, 2016, QUALCOMM announced a cash dividend of $0.5300. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 21, 2016.
Many Wall Street Analysts have commented on QUALCOMM. QUALCOMM was Downgraded by Evercore ISI to ” Hold” on Jul 1, 2016. QUALCOMM was Downgraded by Bernstein to ” Mkt Perform” on Jun 30, 2016. QUALCOMM was Downgraded by Brean Capital to ” Hold” on Jun 9, 2016.
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.