Indaba Capital Management LP Boosted Its Stake in Actua (ACTA) by $18.41 Million as Shares Rose; 10-15 Associates Has Trimmed Its Position in Qualcomm (QCOM) by $389,760 as Share Price Declined

April 22, 2018 - By Clifton Ray

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Derek C. Schrier increased its stake in Actua Corp (ACTA) by 498.77% based on its latest 2017Q4 regulatory filing with the SEC. Indaba Capital Management Lp bought 1.23 million shares as the company’s stock rose 69.15% while stock markets declined. The hedge fund run by Derek C. Schrier held 1.47 million shares of the edp services company at the end of 2017Q4, valued at $22.98M, up from 246,058 at the end of the previous reported quarter. Indaba Capital Management Lp who had been investing in Actua Corp for a number of months, seems to be bullish on the $29.84 million market cap company. The stock decreased 4.76% or $0.05 during the last trading session, reaching $1. About shares traded. Actua Corporation (NASDAQ:ACTA) has risen 89.16% since April 22, 2017 and is uptrending. It has outperformed by 77.61% the S&P500.

10-15 Associates Inc decreased its stake in Qualcomm Inc (QCOM) by 2.88% based on its latest 2017Q4 regulatory filing with the SEC. 10-15 Associates Inc sold 6,090 shares as the company’s stock declined 15.28% with the market. The institutional investor held 205,432 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $13.15M, down from 211,522 at the end of the previous reported quarter. 10-15 Associates Inc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $76.15B market cap company. The stock decreased 2.15% or $1.13 during the last trading session, reaching $51.44. About 10.81 million 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.

Indaba Capital Management Lp, which manages about $979.77M and $505.90 million US Long portfolio, decreased its stake in Hrg Group Inc (NYSE:HRG) by 1.78 million shares to 2.73M shares, valued at $46.23M in 2017Q4, according to the filing.

Since October 27, 2017, it had 0 buys, and 6 sales for $6.14 million activity. ROGERS ALEXANDER H had sold 356 shares worth $19,117. 43,000 QUALCOMM Incorporated (NASDAQ:QCOM) shares with value of $2.81 million were sold by GROB MATTHEW S.

10-15 Associates Inc, which manages about $592.54M and $417.57M US Long portfolio, upped its stake in Intel Corp (NASDAQ:INTC) by 17,792 shares to 340,654 shares, valued at $15.73M in 2017Q4, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLE) by 5,880 shares in the quarter, for a total of 23,656 shares, and has risen its stake in Verizon Communications Inc (NYSE:VZ).

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. Bernstein maintained the stock with “Hold” rating in Thursday, November 2 report. On Thursday, November 5 the stock rating was maintained by Canaccord Genuity with “Buy”. Mizuho maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, November 5 with “Neutral” rating. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, March 7. On Wednesday, October 12 the stock rating was maintained by Canaccord Genuity with “Buy”. Susquehanna maintained the stock with “Buy” rating in Thursday, June 15 report. Nomura downgraded the stock to “Neutral” rating in Monday, January 23 report. The firm has “Outperform” rating by Cowen & Co given on Thursday, July 23. The company was maintained on Thursday, November 5 by Cowen & Co. The rating was maintained by RBC Capital Markets with “Buy” on Monday, February 19.

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 $814.20 million 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.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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