Qualcomm INC (QCOM) Holder Altrinsic Global Advisors LLC Has Raised Position by $7.66 Million as Stock Rose

January 22, 2018 - By Ellis Scott

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.13, from 0.98 in 2017Q2. It dropped, as 83 investors sold QCOM shares while 490 reduced holdings. 89 funds opened positions while 397 raised stakes. 1.10 billion shares or 0.88% less from 1.11 billion shares in 2017Q2 were reported. Bnp Paribas Arbitrage accumulated 1.50M shares. Blue Chip Prtn reported 47,468 shares. New York-based Spirit Of America Management has invested 0.05% in QUALCOMM Incorporated (NASDAQ:QCOM). Mayo Advisers Limited Company accumulated 156,536 shares. Tiaa Cref Invest Limited Liability Company accumulated 4.06M shares or 0.14% of the stock. St Germain D J invested in 2.31% or 354,869 shares. Boston Private Wealth Ltd Limited Liability Company stated it has 65,262 shares. Dnb Asset Management As has 192,290 shares. Public Sector Pension Investment Board invested in 0.04% or 164,320 shares. Peak Asset Mgmt Lc has 0.29% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 15,522 shares. Jolley Asset has 2.71% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 77,006 shares. Oakworth Capital Inc owns 0.12% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 8,876 shares. Raymond James Trust Na, a Florida-based fund reported 143,070 shares. Gemmer Asset Lc owns 0.03% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 1,335 shares. Rampart Inv Management Ltd Liability Co stated it has 0.35% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM).

Since August 20, 2017, it had 0 insider buys, and 5 selling transactions for $3.11 million activity. Shares for $19,117 were sold by ROGERS ALEXANDER H. $2.81 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by GROB MATTHEW S.

Altrinsic Global Advisors Llc increased its stake in Qualcomm Inc (QCOM) by 48.99% based on its latest 2017Q3 regulatory filing with the SEC. Altrinsic Global Advisors Llc bought 150,251 shares as the company’s stock rose 2.14% with the market. The institutional investor held 456,933 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $23.69M, up from 306,682 at the end of the previous reported quarter. Altrinsic Global Advisors Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $100.93 billion market cap company. The stock increased 0.62% or $0.42 during the last trading session, reaching $68.46. About 1.89M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since January 22, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Altrinsic Global Advisors Llc, which manages about $14.11 billion and $2.64B US Long portfolio, decreased its stake in Fidelity National Financial (NYSE:FNF) by 584,082 shares to 9,570 shares, valued at $454,000 in 2017Q3, according to the filing. It also reduced its holding in Thomson Reuters Corp (NYSE:TRI) by 138,638 shares in the quarter, leaving it with 2.71M shares, and cut its stake in Ionis Pharmaceuticals Inc.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Seekingalpha.com which released: “Qualcomm: Context Is Everything” on January 18, 2018, also Reuters.com with their article: “FTC makes second request on Broadcom’s bid for Qualcomm” published on January 19, 2018, Investorplace.com published: “Here’s Why You Should Stick With Qualcomm, Inc. Stock” on January 17, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Investorplace.com and their article: “Qualcomm, Inc. Stock Has Fallen into a Lose-Lose Situation” published on January 12, 2018 as well as Seekingalpha.com‘s news article titled: “Qualcomm Stock To Benefit From Multiple Positive Catalysts Going Forward” with publication date: January 17, 2018.

QUALCOMM Incorporated (NASDAQ:QCOM) Ratings Coverage

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 1 Sell and 19 Hold. Therefore 44% are positive. Qualcomm Inc. has $86.0 highest and $47 lowest target. $66.46’s average target is -2.92% below currents $68.46 stock price. Qualcomm Inc. had 126 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by Northland Capital on Friday, June 23. Stifel Nicolaus downgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Wednesday, November 29 to “Hold” rating. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, November 10. Northland Capital maintained the stock with “Hold” rating in Tuesday, August 1 report. KeyBanc Capital Markets maintained it with “Buy” rating and $68.0 target in Tuesday, August 22 report. The rating was maintained by RBC Capital Markets on Tuesday, November 14 with “Buy”. The firm earned “Buy” rating on Thursday, October 22 by Rosenblatt. On Monday, March 28 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. Nomura upgraded the stock to “Buy” rating in Monday, October 31 report. The company was maintained on Thursday, November 5 by Topeka Capital Markets.

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