Next Financial Group Has Lowered Its Holding in Qualcomm (QCOM) by $588,420 as Stock Declined; Virtus Investment Advisers Upped Its Stake in Lennar (LEN) by $2.97 Million

April 17, 2018 - By Marguerite Chambers

Lennar Corporation (NYSE:LEN) Logo

Next Financial Group Inc decreased its stake in Qualcomm Inc (QCOM) by 65.06% based on its latest 2017Q4 regulatory filing with the SEC. Next Financial Group Inc sold 9,340 shares as the company’s stock declined 15.28% with the market. The institutional investor held 5,017 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $321,000, down from 14,357 at the end of the previous reported quarter. Next Financial Group Inc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $81.86 billion market cap company. The stock increased 0.97% or $0.53 during the last trading session, reaching $55.3. About 795,351 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.

Virtus Investment Advisers Inc increased its stake in Lennar Corp (LEN) by 2461.26% based on its latest 2017Q4 regulatory filing with the SEC. Virtus Investment Advisers Inc bought 106,154 shares as the company’s stock declined 8.33% with the market. The institutional investor held 110,467 shares of the homebuilding company at the end of 2017Q4, valued at $3.20M, up from 4,313 at the end of the previous reported quarter. Virtus Investment Advisers Inc who had been investing in Lennar Corp for a number of months, seems to be bullish on the $18.49 billion market cap company. The stock increased 0.47% or $0.27 during the last trading session, reaching $57.4. About 526,331 shares traded. Lennar Corporation (NYSE:LEN) has risen 17.08% since April 17, 2017 and is uptrending. It has outperformed by 5.53% the S&P500.

Next Financial Group Inc, which manages about $1.77B and $233.93 million US Long portfolio, upped its stake in Wisdomtree Tr (DON) by 11,350 shares to 23,834 shares, valued at $841,000 in 2017Q4, according to the filing. It also increased its holding in Dominion Energy Inc (NYSE:D) by 10,375 shares in the quarter, for a total of 16,250 shares, and has risen its stake in Ishares Tr (ITOT).

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.02, from 0.85 in 2017Q3. It worsened, 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. Mgmt stated it has 360 shares or 0.01% of all its holdings. Cannell Peter B & owns 971,690 shares. Moreover, Alpha Windward Ltd Llc has 0.1% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Thrivent For Lutherans reported 69,114 shares. Wetherby Asset Mgmt Inc has 0.2% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Fulton National Bank Na owns 27,084 shares for 0.12% of their portfolio. Financial Bank Of New York Mellon, New York-based fund reported 14.52 million shares. Brown Advisory Securities Limited Liability Co reported 88,390 shares. Amer Century Cos owns 2.26 million shares for 0.14% of their portfolio. Burren Cap Advsr Ltd holds 10.21% or 26,880 shares. First Commonwealth Corp Pa holds 13,353 shares or 0.9% of its portfolio. Bollard Grp Inc Inc Lc owns 1,188 shares or 0% of their US portfolio. Grantham Mayo Van Otterloo & Limited Liability Corp owns 5.73 million shares or 2.17% of their US portfolio. Selway Asset Management holds 57,600 shares or 2.17% of its portfolio. 7.95 million are owned by Schwab Charles Mgmt.

Since October 27, 2017, it had 0 insider buys, and 6 selling transactions for $6.14 million activity. $37,519 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by ROGERS ALEXANDER H. Shares for $2.81M were sold by GROB MATTHEW S.

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. RBC Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Monday, January 29. RBC Capital Markets has “Buy” rating and $80.0 target. Deutsche Bank maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, March 15. Deutsche Bank has “Hold” rating and $60 target. The rating was maintained by Bernstein with “Hold” on Thursday, November 2. The rating was maintained by Mizuho with “Neutral” on Friday, February 12. Rosenblatt initiated the stock with “Buy” rating in Thursday, October 22 report. The company was upgraded on Monday, July 27 by Morgan Stanley. Mizuho maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Tuesday, September 6 with “Neutral” rating. The rating was maintained by Susquehanna on Thursday, June 15 with “Buy”. Instinet downgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, January 23 to “Neutral” rating. RBC Capital Markets maintained it with “Buy” rating and $8000 target in Friday, April 13 report.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on April, 25 after the close. They expect $0.55 earnings per share, down 54.17% or $0.65 from last year’s $1.2 per share. QCOM’s profit will be $814.20 million for 25.14 P/E if the $0.55 EPS becomes a reality. After $0.85 actual earnings per share reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -35.29% negative EPS growth.

Among 25 analysts covering Lennar (NYSE:LEN), 22 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Lennar had 73 analyst reports since September 22, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, March 30. Wood maintained Lennar Corporation (NYSE:LEN) on Friday, April 7 with “Outperform” rating. As per Wednesday, October 4, the company rating was maintained by Bank of America. RBC Capital Markets maintained Lennar Corporation (NYSE:LEN) rating on Monday, October 30. RBC Capital Markets has “Buy” rating and $64.0 target. The company was upgraded on Monday, October 31 by Raymond James. The firm has “Buy” rating given on Thursday, January 4 by Susquehanna. The company was upgraded on Tuesday, January 19 by Sterne Agee CRT. On Monday, October 17 the stock rating was upgraded by Buckingham Research to “Buy”. The rating was maintained by Barclays Capital with “Overweight” on Thursday, April 7. As per Tuesday, September 19, the company rating was downgraded by Mizuho.

Since January 2, 2018, it had 0 insider buys, and 14 selling transactions for $16.96 million activity. Another trade for 2,500 shares valued at $156,884 was made by OLIVERA ARMANDO J on Friday, April 6. $1.17 million worth of Lennar Corporation (NYSE:LEN) shares were sold by JAFFE JONATHAN M. The insider GERARD STEVEN L sold 2,500 shares worth $157,450. The insider GROSS BRUCE E sold $1.04 million. Collins David M had sold 5,000 shares worth $355,750. 2,095 Lennar Corporation (NYSE:LEN) shares with value of $131,943 were sold by SONNENFELD JEFFREY.

Lennar Corporation (NYSE:LEN) Institutional Positions Chart

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