QUALCOMM (QCOM) : Pacer Advisors scooped up 2,778 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 51,206 shares of QUALCOMM which is valued at $3,159,922.QUALCOMM makes up approximately 0.48% of Pacer Advisors’s portfolio.
Other Hedge Funds, Including , Capital Wealth Planning boosted its stake in QCOM in the latest quarter, The investment management firm added 4,680 additional shares and now holds a total of 11,280 shares of QUALCOMM which is valued at $696,089. QUALCOMM makes up approx 0.53% of Capital Wealth Planning’s portfolio.Bessemer Group Inc boosted its stake in QCOM in the latest quarter, The investment management firm added 1,547,395 additional shares and now holds a total of 1,591,942 shares of QUALCOMM which is valued at $98,238,741. QUALCOMM makes up approx 0.53% of Bessemer Group Inc’s portfolio.Staley Capital Advisers Inc boosted its stake in QCOM in the latest quarter, The investment management firm added 375 additional shares and now holds a total of 715,433 shares of QUALCOMM which is valued at $44,356,846. QUALCOMM makes up approx 4.42% of Staley Capital Advisers Inc’s portfolio.Whittier Trust Co Of Nevada Inc reduced its stake in QCOM by selling 1,480 shares or 3.76% in the most recent quarter. The Hedge Fund company now holds 37,890 shares of QCOM which is valued at $2,371,156. QUALCOMM makes up approx 0.26% of Whittier Trust Co Of Nevada Inc’s portfolio.Eastern Bank reduced its stake in QCOM by selling 1,933 shares or 16.56% in the most recent quarter. The Hedge Fund company now holds 9,739 shares of QCOM which is valued at $539,054. QUALCOMM makes up approx 0.04% of Eastern Bank’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.