As Qualcomm (QCOM) Stock Value Declined, Berson & Corrado Investment Advisors Has Upped Holding by $592,735; Ci Global Investments Increased Visa (V) Stake by $13.74 Million

June 18, 2018 - By Dolores Ford

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Ci Global Investments Inc increased its stake in Visa Inc (V) by 79631.03% based on its latest 2018Q1 regulatory filing with the SEC. Ci Global Investments Inc bought 115,465 shares as the company’s stock rose 5.37% while stock markets declined. The institutional investor held 115,610 shares of the business services company at the end of 2018Q1, valued at $13.83M, up from 145 at the end of the previous reported quarter. Ci Global Investments Inc who had been investing in Visa Inc for a number of months, seems to be bullish on the $302.60 billion market cap company. The stock increased 0.07% or $0.1 during the last trading session, reaching $135.1. About 10.04M shares traded or 30.71% up from the average. Visa Inc. (NYSE:V) has risen 38.13% since June 18, 2017 and is uptrending. It has outperformed by 25.56% the S&P500. Some Historical V News: 09/05/2018 – VISA AND PAYPAL EXTEND PARTNERSHIP TO ACCELERATE ADOPTION OF DIGITAL AND MOBILE PAYMENTS IN CANADA; 07/04/2018 – Federal Register: 60-day Notice of Proposed Information Collection: Application for Immigrant Visa and Alien Registration; 22/03/2018 – Visa Closes Below 50-Day Moving Average: Technicals; 25/04/2018 – Visa tops profit estimates, raises full-year earnings forecast; 14/05/2018 – ♫ Reuters Insider – UK consumer spending falls in April – Visa; 09/05/2018 – PAYPAL HOLDINGS INC – IN ADDITION, VISA AND PAYPAL HAVE AGREED TO EXTEND PARTICIPATION IN VISA DIGITAL ENABLEMENT PROGRAM; 23/04/2018 – DJ Visa Inc Class A, Inst Holders, 1Q 2018 (V); 04/04/2018 – THREE NEW SETTLEMENTS WITH NATIONAL BANK, VISA, MA: LAWFIRM; 23/03/2018 – Two more top Visa executives have exited the company – under very different circumstances; 24/05/2018 – Visa Makes Strategic Investment in YellowPepper to Accelerate Adoption of Mobile Payments and Tokenization in Latin America and the Caribbean

Berson & Corrado Investment Advisors Llc increased its stake in Qualcomm Inc (QCOM) by 18.05% based on its latest 2018Q1 regulatory filing with the SEC. Berson & Corrado Investment Advisors Llc bought 10,777 shares as the company’s stock declined 10.48% with the market. The institutional investor held 70,483 shares of the radio and television broadcasting and communications equipment company at the end of 2018Q1, valued at $3.91M, up from 59,706 at the end of the previous reported quarter. Berson & Corrado Investment Advisors Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $88.75B market cap company. The stock increased 0.67% or $0.4 during the last trading session, reaching $59.86. About 9.26 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since June 18, 2017 and is uptrending. It has underperformed by 9.99% the S&P500. Some Historical QCOM News: 23/03/2018 – 40 PCT TO 50 PCT OF TOTAL SHARES OUTSTANDING WERE VOTED IN FAVOR OF SIX QUALCOMM DIRECTORS, WITH OTHER FOUR GETTING MORE THAN 50 PCT – WSJ, CITING; 13/03/2018 – Bloomberg Australia: Broadcom will formally abandon its bid to acquire Qualcomm; 13/03/2018 – Yahoo! Finance: Broadcom to end bid for Qualcomm, keeps plan to move to US; 20/03/2018 – Netronome to Develop SmartNIC Solutions based on OCP v3.0 NIC Specification for Qualcomm Centriq 2400 OCP Servers; 14/05/2018 – U.S. China ZTE deal also would involve speeding China review of Qualcomm deal for NXP; 06/03/2018 – RPT-Qualcomm takeover battle intervention shows U.S. security panel’s expanding reach; 09/03/2018 – Qualcomm: Focused on Maximizing Holder Value; Will Consider All Options to Achieve That Objective; 16/03/2018 – QUALCOMM BOARD IS SAID TO BE MEETING NOW, DISCUSSING JACOBS: DJ; 19/04/2018 – Sources tell CNBC Qualcomm is “very concerned” with the fate of an NXP Semiconductors deal; 08/04/2018 – China’s SenseTime closes $600 mln funding led by Alibaba

Ci Global Investments Inc, which manages about $9.58B and $5.81 billion US Long portfolio, decreased its stake in Palo Alto Networks Inc (NYSE:PANW) by 243,430 shares to 232 shares, valued at $42,000 in 2018Q1, according to the filing. It also reduced its holding in Alphabet Inc by 97,232 shares in the quarter, leaving it with 144,833 shares, and cut its stake in Ulta Salon Cosmetcs & Frag I (NASDAQ:ULTA).

Investors sentiment decreased to 0.88 in 2018 Q1. Its down 0.17, from 1.05 in 2017Q4. It is negative, as 41 investors sold V shares while 684 reduced holdings. 127 funds opened positions while 513 raised stakes. 1.57 billion shares or 2.35% less from 1.61 billion shares in 2017Q4 were reported. Dnb Asset As invested in 0% or 769,625 shares. West Chester Capital Advsrs reported 12,516 shares or 1.69% of all its holdings. M&R Cap invested in 95,522 shares. Cookson Peirce And Incorporated has invested 0.03% of its portfolio in Visa Inc. (NYSE:V). Lodestar Counsel Ltd Limited Liability Company Il stated it has 0.13% in Visa Inc. (NYSE:V). Farmers Trust holds 1.65% or 45,504 shares. American Natl Registered Advisor has invested 0.53% in Visa Inc. (NYSE:V). Schmidt P J Inv Management, Wisconsin-based fund reported 56,669 shares. Moreover, Of Vermont has 0.36% invested in Visa Inc. (NYSE:V) for 31,922 shares. State Bank Of The West holds 1.22% or 81,291 shares in its portfolio. Arete Wealth Ltd Liability reported 4,433 shares. Regent Inv Management Limited Liability Company stated it has 16,610 shares. Garnet Equity Cap invested in 1.97% or 20,000 shares. Copeland Management Lc holds 0.53% of its portfolio in Visa Inc. (NYSE:V) for 68,755 shares. Architects invested in 0.31% or 13,380 shares.

Since February 14, 2018, it had 0 insider purchases, and 3 selling transactions for $6.34 million activity. HOFFMEISTER JAMES H sold 8,423 shares worth $1.08M. Biggar Lynne sold $205,440 worth of Visa Inc. (NYSE:V) on Wednesday, February 14.

Among 43 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 9 Hold. Therefore 79% are positive. Visa Inc. had 132 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Visa Inc. (NYSE:V) earned “Neutral” rating by UBS on Friday, May 18. Buckingham Research maintained Visa Inc. (NYSE:V) rating on Thursday, April 26. Buckingham Research has “Buy” rating and $152 target. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Susquehanna on Thursday, December 28. RBC Capital Markets maintained Visa Inc. (NYSE:V) on Thursday, July 20 with “Buy” rating. Wells Fargo upgraded Visa Inc. (NYSE:V) on Tuesday, October 10 to “Buy” rating. Keefe Bruyette & Woods maintained Visa Inc. (NYSE:V) on Thursday, February 1 with “Buy” rating. KeyBanc Capital Markets maintained the shares of V in report on Friday, February 2 with “Overweight” rating. Wedbush maintained the stock with “Buy” rating in Wednesday, June 6 report. As per Wednesday, September 6, the company rating was maintained by Cowen & Co. The stock of Visa Inc. (NYSE:V) has “Overweight” rating given on Thursday, October 26 by Barclays Capital.

More notable recent Visa Inc. (NYSE:V) news were published by: Seekingalpha.com which released: “Visa makes strategic investment in Yellowpepper” on May 24, 2018, also Seekingalpha.com with their article: “Visa, Inc. (V) Management Presents at William Blair 2018 Growth Stock Conference (Transcript)” published on June 13, 2018, Fool.com published: “Is Visa Inc. a Buy?” on June 07, 2018. More interesting news about Visa Inc. (NYSE:V) were released by: Seekingalpha.com and their article: “Visa – A $140 Discount Cash Flow Valuation” published on June 01, 2018 as well as Investorideas.com‘s news article titled: “#AI News: Visa (NYSE: $V) Canada and Finn AI collaborate to expand #artificialntelligence banking capabilities …” with publication date: June 14, 2018.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 2 Sell and 20 Hold. Therefore 41% are positive. Qualcomm Inc. had 157 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was upgraded by RBC Capital Markets on Wednesday, November 8 to “Outperform”. The firm earned “Buy” rating on Wednesday, January 17 by Mizuho. The firm has “Buy” rating given on Wednesday, May 16 by Canaccord Genuity. Deutsche Bank maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, July 20. Deutsche Bank has “Hold” rating and $60 target. The stock has “Neutral” rating by Mizuho on Thursday, July 21. Canaccord Genuity maintained the shares of QCOM in report on Friday, August 14 with “Buy” rating. The stock has “Hold” rating by BMO Capital Markets on Wednesday, July 19. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Outperform” rating by Northland Capital on Friday, January 22. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, November 1 report. The rating was maintained by Northland Capital on Thursday, February 1 with “Buy”.

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.05, from 0.83 in 2017Q4. It is negative, as 104 investors sold QCOM shares while 500 reduced holdings. 100 funds opened positions while 370 raised stakes. 1.11 billion shares or 0.11% less from 1.11 billion shares in 2017Q4 were reported. M Hldg Secs Incorporated, Oregon-based fund reported 16,047 shares. Hartford Fincl Management holds 0.02% or 550 shares. Mackenzie Corporation holds 0.22% or 1.53M shares. Hartline Invest stated it has 1.18% in QUALCOMM Incorporated (NASDAQ:QCOM). Hbk Limited Partnership owns 4.81 million shares. Pub Employees Retirement Association Of Colorado holds 0.1% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 263,555 shares. Westwood Hldgs Grp Inc Inc holds 0.02% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 40,993 shares. Cannell Peter B & Company Inc has invested 0.23% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Bp Public Ltd Liability Corporation holds 0.34% or 170,000 shares. Pub Sector Pension Board has 0.06% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Atlantic Grp Inc Limited Liability Corp accumulated 2.38M shares or 0.57% of the stock. Old Dominion Capital has invested 0.74% in QUALCOMM Incorporated (NASDAQ:QCOM). Philadelphia Tru holds 0.64% in QUALCOMM Incorporated (NASDAQ:QCOM) or 139,619 shares. Manikay Partners Ltd invested 4.03% in QUALCOMM Incorporated (NASDAQ:QCOM). Archford Capital Strategies Limited Liability Corporation accumulated 1,470 shares.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Investorplace.com which released: “Qualcomm Inc.: End of China Tension Brings Dutch Prize” on May 30, 2018, also Nasdaq.com with their article: “Microsoft Corporation and Cloud Kings Become Chip Giants” published on June 13, 2018, Seekingalpha.com published: “Qualcomm not exiting data centers” on June 13, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Fool.com and their article: “Broadcom’s Reputation Took an Unfair Hit During Qualcomm Saga” published on June 12, 2018 as well as Benzinga.com‘s news article titled: “NXP Semiconductors’ Standalone Value Is $119, SunTrust Says In Downgrade” with publication date: June 11, 2018.

Visa Inc. (NYSE:V) Institutional Positions Chart

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