QUALCOMM (QCOM) : Diversified Investment Strategies reduced its stake in QUALCOMM by 0.73% during the most recent quarter end. The investment management company now holds a total of 10,935 shares of QUALCOMM which is valued at $674,799 after selling 80 shares in QUALCOMM , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.QUALCOMM makes up approximately 0.66% of Diversified Investment Strategies’s portfolio.
Other Hedge Funds, Including , Old Mutual Customised Solutions (proprietary) Ltd reduced its stake in QCOM by selling 20,700 shares or 59.31% in the most recent quarter. The Hedge Fund company now holds 14,200 shares of QCOM which is valued at $876,282. QUALCOMM makes up approx 0.21% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio.Mengis Capital Management boosted its stake in QCOM in the latest quarter, The investment management firm added 8,251 additional shares and now holds a total of 61,193 shares of QUALCOMM which is valued at $3,778,056. QUALCOMM makes up approx 3.20% of Mengis Capital Management’s portfolio.Botty Investors boosted its stake in QCOM in the latest quarter, The investment management firm added 1,830 additional shares and now holds a total of 10,055 shares of QUALCOMM which is valued at $614,863. QUALCOMM makes up approx 0.34% of Botty Investors’s portfolio.Sentinel Trust Co Lba boosted its stake in QCOM in the latest quarter, The investment management firm added 7,354 additional shares and now holds a total of 112,621 shares of QUALCOMM which is valued at $6,286,504. QUALCOMM makes up approx 0.88% of Sentinel Trust Co Lba’s portfolio.Johanson Financial Advisors boosted its stake in QCOM in the latest quarter, The investment management firm added 53 additional shares and now holds a total of 5,703 shares of QUALCOMM which is valued at $315,661. QUALCOMM makes up approx 0.36% of Johanson Financial Advisors’s portfolio.
QUALCOMM opened for trading at $63 and hit $63.69 on the upside on Tuesday, eventually ending the session at $63.09, with a gain of 0.41% or 0.26 points. The heightened volatility saw the trading volume jump to 59,70,672 shares. Company has a market cap of $92,972 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.
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 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.