QUALCOMM (QCOM) : Grantham Mayo Van Otterloo scooped up 537,905 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 9,142,660 shares of QUALCOMM which is valued at $564,193,549.QUALCOMM makes up approximately 2.24% of Grantham Mayo Van Otterloo’s portfolio.
Other Hedge Funds, Including , Cornerstone Capital Management Holdings. boosted its stake in QCOM in the latest quarter, The investment management firm added 217,486 additional shares and now holds a total of 709,626 shares of QUALCOMM which is valued at $43,791,020. QUALCOMM makes up approx 0.34% of Cornerstone Capital Management Holdings.’s portfolio.Cornerstone Capital reduced its stake in QCOM by selling 2,430 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 117,623 shares of QCOM which is valued at $7,258,515. QUALCOMM makes up approx 1.55% of Cornerstone Capital’s portfolio.Royal London Asset Management Ltd reduced its stake in QCOM by selling 36,112 shares or 6.68% in the most recent quarter. The Hedge Fund company now holds 504,705 shares of QCOM which is valued at $30,792,052. QUALCOMM makes up approx 0.49% of Royal London Asset Management Ltd’s portfolio.Northern Capital Management reduced its stake in QCOM by selling 360 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 62,060 shares of QCOM which is valued at $3,879,371. QUALCOMM makes up approx 1.66% of Northern Capital Management’s portfolio.Court Place Advisors boosted its stake in QCOM in the latest quarter, The investment management firm added 108 additional shares and now holds a total of 23,483 shares of QUALCOMM which is valued at $1,467,922. QUALCOMM makes up approx 0.83% of Court Place Advisors’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.