Qualcomm (QCOM) Stock Declined While Compass Capital Management Has Cut Its Position; Gtt Communications (GTT) Share Price Rose While Harvey Partners Cut Holding

April 22, 2018 - By Stephen Andrade

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Compass Capital Management Inc decreased its stake in Qualcomm Inc (QCOM) by 6.38% based on its latest 2017Q4 regulatory filing with the SEC. Compass Capital Management Inc sold 26,995 shares as the company’s stock declined 15.28% with the market. The institutional investor held 395,915 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $25.35M, down from 422,910 at the end of the previous reported quarter. Compass Capital Management Inc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $76.15 billion market cap company. The stock decreased 2.15% or $1.13 during the last trading session, reaching $51.44. About 10.81M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 22, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Jeffrey Moskowitz decreased its stake in Gtt Communications Inc (GTT) by 39.44% based on its latest 2017Q4 regulatory filing with the SEC. Harvey Partners Llc sold 65,131 shares as the company’s stock rose 23.24% while stock markets declined. The hedge fund run by Jeffrey Moskowitz held 100,000 shares of the public utilities company at the end of 2017Q4, valued at $4.70 million, down from 165,131 at the end of the previous reported quarter. Harvey Partners Llc who had been investing in Gtt Communications Inc for a number of months, seems to be less bullish one the $2.31 billion market cap company. The stock decreased 0.96% or $0.5 during the last trading session, reaching $51.55. About 319,524 shares traded. GTT Communications, Inc. (NYSE:GTT) has risen 131.28% since April 22, 2017 and is uptrending. It has outperformed by 119.73% the S&P500.

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.02, from 0.85 in 2017Q3. It dived, 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. Homrich Berg has invested 0.06% in QUALCOMM Incorporated (NASDAQ:QCOM). Davis R M Inc has 324,732 shares. Puzo Michael J reported 0.26% in QUALCOMM Incorporated (NASDAQ:QCOM). Moreover, First Trust has 0.34% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Quantitative Management Ltd Liability Co, a Virginia-based fund reported 258,200 shares. Thompson Invest Mgmt has invested 1.73% in QUALCOMM Incorporated (NASDAQ:QCOM). Tokio Marine Asset Mgmt owns 8,142 shares. State Of Alaska Department Of Revenue reported 0.4% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Credit Suisse Ag invested in 0.29% or 4.98M shares. Wade G W & invested in 113,687 shares. Alpine Assoc Mngmt owns 1.33% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 581,443 shares. Gilman Hill Asset Mngmt Lc owns 83,112 shares. Leavell Investment Mgmt stated it has 0.14% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Columbia Ptnrs L L C Investment Mgmt stated it has 0.93% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Mathes reported 4,650 shares.

Compass Capital Management Inc, which manages about $661.25M US Long portfolio, upped its stake in Medtronic Plc (NYSE:MDT) by 12,871 shares to 302,793 shares, valued at $24.45 million in 2017Q4, according to the filing. It also increased its holding in Thermo Fisher Scientific Inc (NYSE:TMO) by 3,264 shares in the quarter, for a total of 141,757 shares, and has risen its stake in Cognizant Technology Solutio (NASDAQ:CTSH).

Since October 27, 2017, it had 0 insider purchases, and 6 selling transactions for $6.14 million activity. Shares for $3.14 million were sold by THOMPSON JAMES H on Friday, March 9. The insider GROB MATTHEW S sold 43,000 shares worth $2.81M.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 2 Sell and 19 Hold. Therefore 43% are positive. Qualcomm Inc. had 145 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Northland Capital on Thursday, November 2 with “Buy”. Bernstein maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, November 13 with “Hold” rating. The company was maintained on Thursday, July 20 by Nomura. The firm earned “Overweight” rating on Thursday, December 17 by JP Morgan. On Monday, November 6 the stock rating was downgraded by Standpoint Research to “Hold”. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, July 21 report. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, October 12 report. The company was maintained on Thursday, November 5 by Canaccord Genuity. Mizuho maintained it with “Neutral” rating and $51 target in Thursday, January 14 report. Stifel Nicolaus downgraded QUALCOMM Incorporated (NASDAQ:QCOM) rating on Wednesday, November 29. Stifel Nicolaus has “Hold” rating and $75 target.

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 $814.20M for 23.38 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.

Analysts await GTT Communications, Inc. (NYSE:GTT) to report earnings on May, 3. They expect $-0.08 EPS, down 260.00% or $0.13 from last year’s $0.05 per share. After $0.04 actual EPS reported by GTT Communications, Inc. for the previous quarter, Wall Street now forecasts -300.00% negative EPS growth.

Among 11 analysts covering GTT Communications (NYSE:GTT), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. GTT Communications had 25 analyst reports since August 7, 2015 according to SRatingsIntel. Oppenheimer maintained it with “Buy” rating and $6200 target in Thursday, April 12 report. SunTrust maintained the stock with “Buy” rating in Friday, November 3 report. The stock has “Buy” rating by Jefferies on Wednesday, October 25. The stock of GTT Communications, Inc. (NYSE:GTT) earned “Buy” rating by Oppenheimer on Thursday, August 3. The company was maintained on Wednesday, December 20 by Oppenheimer. The stock has “Buy” rating by William Blair on Wednesday, March 28. The rating was initiated by Suntrust Robinson on Tuesday, December 13 with “Buy”. The stock of GTT Communications, Inc. (NYSE:GTT) has “Overweight” rating given on Wednesday, September 16 by Pacific Crest. The company was maintained on Thursday, August 10 by Oppenheimer. Craig Hallum maintained it with “Buy” rating and $50.0 target in Monday, January 22 report.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts