As Qualcomm (QCOM) Market Value Declined, Shareholder Kwmg Decreased by $1.64 Million Its Stake; Convergence Investment Partners Lowered Its Stake in Pnm Res (PNM) by $1.34 Million as Market Value Declined

April 17, 2018 - By Peter Erickson

PNM Resources, Inc. (NYSE:PNM) Logo

Convergence Investment Partners Llc decreased its stake in Pnm Res Inc (PNM) by 35.77% based on its latest 2017Q4 regulatory filing with the SEC. Convergence Investment Partners Llc sold 33,595 shares as the company’s stock declined 7.33% with the market. The institutional investor held 60,327 shares of the public utilities company at the end of 2017Q4, valued at $2.44 million, down from 93,922 at the end of the previous reported quarter. Convergence Investment Partners Llc who had been investing in Pnm Res Inc for a number of months, seems to be less bullish one the $3.11B market cap company. The stock increased 1.03% or $0.4 during the last trading session, reaching $39.1. About 165,263 shares traded. PNM Resources, Inc. (NYSE:PNM) has risen 0.93% since April 17, 2017 and is uptrending. It has underperformed by 10.62% the S&P500.

Kwmg Llc decreased its stake in Qualcomm Inc (QCOM) by 84.76% based on its latest 2017Q4 regulatory filing with the SEC. Kwmg Llc sold 25,618 shares as the company’s stock declined 15.28% with the market. The institutional investor held 4,607 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $295,000, down from 30,225 at the end of the previous reported quarter. Kwmg Llc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $82.25B market cap company. The stock increased 1.44% or $0.79 during the last trading session, reaching $55.56. About 4.07 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 17, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Among 14 analysts covering PNM Resources (NYSE:PNM), 2 have Buy rating, 3 Sell and 9 Hold. Therefore 14% are positive. PNM Resources had 58 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of PNM Resources, Inc. (NYSE:PNM) earned “Hold” rating by Jefferies on Thursday, March 24. The rating was upgraded by Evercore on Thursday, April 12 to “In-Line”. On Monday, October 30 the stock rating was maintained by SunTrust with “Hold”. The stock of PNM Resources, Inc. (NYSE:PNM) earned “Buy” rating by Williams Capital Group on Tuesday, October 4. On Thursday, March 9 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Hold” rating by Jefferies given on Friday, July 21. The company was maintained on Thursday, September 29 by Barclays Capital. The stock of PNM Resources, Inc. (NYSE:PNM) has “Hold” rating given on Tuesday, December 26 by SunTrust. The rating was maintained by SunTrust on Monday, October 23 with “Hold”. On Monday, October 30 the stock rating was maintained by Mizuho with “Sell”.

Investors sentiment increased to 1.59 in 2017 Q4. Its up 0.31, from 1.28 in 2017Q3. It is positive, as 16 investors sold PNM shares while 69 reduced holdings. 53 funds opened positions while 82 raised stakes. 72.49 million shares or 0.24% more from 72.32 million shares in 2017Q3 were reported. Parametrica Mgmt reported 4,948 shares. First Washington reported 0.11% stake. Bnp Paribas Arbitrage Sa accumulated 71,103 shares or 0% of the stock. Comerica State Bank stated it has 0.02% in PNM Resources, Inc. (NYSE:PNM). Employees Retirement Of Ohio reported 23,332 shares or 0% of all its holdings. American Investment holds 25,031 shares. Federated Inc Pa holds 41,362 shares or 0% of its portfolio. Rothschild Asset Mgmt accumulated 0.12% or 279,954 shares. Acadian Asset Mngmt Ltd Liability Corporation reported 5,653 shares or 0% of all its holdings. Shelton Cap Mngmt invested in 0.02% or 5,973 shares. At Comml Bank has 33,458 shares. Schwab Charles Invest Inc reported 587,747 shares. Convergence Investment Prns Lc holds 0.33% or 60,327 shares. 5,144 were accumulated by Envestnet Asset Management Inc. Employees Retirement Systems Of Texas stated it has 101,000 shares.

Convergence Investment Partners Llc, which manages about $492.68 million and $744.79M US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 2,509 shares to 27,568 shares, valued at $4.87M in 2017Q4, according to the filing. It also increased its holding in Alliance Data Systems Corp (NYSE:ADS) by 1,438 shares in the quarter, for a total of 17,480 shares, and has risen its stake in Ebay Inc (NASDAQ:EBAY).

Analysts await PNM Resources, Inc. (NYSE:PNM) to report earnings on April, 27 before the open. They expect $0.23 earnings per share, down 17.86% or $0.05 from last year’s $0.28 per share. PNM’s profit will be $18.32 million for 42.50 P/E if the $0.23 EPS becomes a reality. After $0.24 actual earnings per share reported by PNM Resources, Inc. for the previous quarter, Wall Street now forecasts -4.17% negative EPS growth.

Since March 2, 2018, it had 0 insider buys, and 3 sales for $272,457 activity. Shares for $113,674 were sold by Darnell Ronald N. on Friday, March 2. 1,500 PNM Resources, Inc. (NYSE:PNM) shares with value of $53,325 were sold by Eldred Charles N.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on April, 25 after the close. They expect $0.55 EPS, down 54.17% or $0.65 from last year’s $1.2 per share. QCOM’s profit will be $814.18M for 25.25 P/E if the $0.55 EPS becomes a reality. After $0.85 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -35.29% negative EPS growth.

Since October 27, 2017, it had 0 buys, and 6 sales for $6.14 million activity. Shares for $3.14M were sold by THOMPSON JAMES H on Friday, March 9. GROB MATTHEW S also sold $2.81 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) shares.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It is negative, as 89 investors sold QCOM shares while 518 reduced holdings. 160 funds opened positions while 346 raised stakes. 1.11 billion shares or 0.73% more from 1.10 billion shares in 2017Q3 were reported. Middleton And Ma reported 92,050 shares or 0.99% of all its holdings. Fukoku Mutual Life owns 0.06% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 5,960 shares. Moreover, Wade G W has 0.84% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 113,687 shares. Nbt Comml Bank N A accumulated 0.61% or 60,877 shares. Moreover, Dynamic Advisors Solutions has 0.97% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 46,459 shares. Shine Investment Advisory Service invested in 0.03% or 1,065 shares. Parus Fin (Uk) owns 140,022 shares or 1.62% of their US portfolio. Bb&T Ltd has invested 0.26% in QUALCOMM Incorporated (NASDAQ:QCOM). International Inc holds 0.15% in QUALCOMM Incorporated (NASDAQ:QCOM) or 705,834 shares. Segall Bryant And Hamill Ltd Liability Corp has invested 0.06% in QUALCOMM Incorporated (NASDAQ:QCOM). 23,170 were accumulated by Marathon Trading Limited Liability Co. Clearbridge Ltd Llc stated it has 0.96% in QUALCOMM Incorporated (NASDAQ:QCOM). Earnest Prtnrs Ltd Liability holds 708 shares or 0% of its portfolio. Huntington Bancshares, Ohio-based fund reported 132,965 shares. Angelo Gordon & Limited Partnership has invested 0.99% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM).

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 2 Sell and 19 Hold. Therefore 43% are positive. Qualcomm Inc. had 142 analyst reports since July 23, 2015 according to SRatingsIntel. As per Tuesday, January 16, the company rating was maintained by Canaccord Genuity. The rating was maintained by Charter Equity on Tuesday, February 13 with “Hold”. The company was upgraded on Monday, May 22 by JP Morgan. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Outperform” rating by Cowen & Co on Wednesday, December 16. RBC Capital Markets maintained it with “Buy” rating and $80.0 target in Monday, February 19 report. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Hold” rating given on Monday, November 6 by Standpoint Research. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Equal-Weight” rating given on Monday, March 28 by Barclays Capital. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Equal-Weight” rating by Morgan Stanley on Thursday, November 10. The stock has “Outperform” rating by RBC Capital Markets on Thursday, July 21. Mizuho maintained the stock with “Neutral” rating in Thursday, January 14 report.

Kwmg Llc, which manages about $332.06 million US Long portfolio, upped its stake in Vanguard Bd Index Fd Inc (BLV) by 3,447 shares to 48,727 shares, valued at $4.63 million in 2017Q4, according to the filing. It also increased its holding in Vanguard Tax Managed Intl Fd (VEA) by 28,255 shares in the quarter, for a total of 390,451 shares, and has risen its stake in Ishares Tr (IVE).

PNM Resources, Inc. (NYSE:PNM) Institutional Positions Chart

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