Diversified Investment Strategies Trimmed Extreme Networks (EXTR) Stake by $1.23 Million as Stock Declined; Qualcomm (QCOM) Holding Has Boosted by Cambiar Investors Llc

June 14, 2018 - By Ash

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Cambiar Investors Llc increased its stake in Qualcomm Inc (QCOM) by 1058.36% based on its latest 2018Q1 regulatory filing with the SEC. Cambiar Investors Llc bought 635,013 shares as the company’s stock declined 10.48% with the market. The institutional investor held 695,013 shares of the radio and television broadcasting and communications equipment company at the end of 2018Q1, valued at $38.51M, up from 60,000 at the end of the previous reported quarter. Cambiar Investors Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $88.14 billion market cap company. The stock increased 0.39% or $0.23 during the last trading session, reaching $59.45. About 6.32 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since June 14, 2017 and is uptrending. It has underperformed by 9.99% the S&P500. Some Historical QCOM News: 25/04/2018 – QUALCOMM SEES 3Q ADJ EPS 65C TO 75C, EST. 75C; 13/03/2018 – Bloomberg Asia: Broadcom will formally abandon its bid to acquire Qualcomm; 25/04/2018 – S&PGR Report Discusses US-China Trade Spat; Qualcomm, Broadcom; 16/03/2018 – PAUL JACOBS SAYS IT IS “UNFORTUNATE AND DISAPPOINTING” THAT QUALCOMM BOARD IS ATTEMPTING TO REMOVE JACOBS FROM BOARD AT THIS TIME; 25/04/2018 – QUALCOMM 2Q ADJ REV $5.23B, EST. $5.19B; 16/03/2018 – QUALCOMM DIRECTOR JACOBS WON’T BE RE-NOMINATED TO BOARD; 08/05/2018 – Australian Gov: WIPO PUBLISHES PATENT OF QUALCOMM FOR “SOURCE FOLLOWER BASED ENVELOPE TRACKING FOR POWER AMPLIFIER BIASING”; 18/05/2018 – NXP Semiconductors spikes more than 3.5% after Dow Jones quotes a Beijing official as saying: “The Qualcomm/NXP deal is looking more optimistic now”; 13/03/2018 – Qualcomm to Reconvene Stockholders Meeting on March 23; 14/03/2018 – BROADCOM WITHDRAWS OFFER TO BUY QUALCOMM

Diversified Investment Strategies Llc decreased its stake in Extreme Networks Inc (EXTR) by 32.18% based on its latest 2018Q1 regulatory filing with the SEC. Diversified Investment Strategies Llc sold 112,000 shares as the company’s stock declined 24.96% with the market. The institutional investor held 236,095 shares of the technology company at the end of 2018Q1, valued at $2.61M, down from 348,095 at the end of the previous reported quarter. Diversified Investment Strategies Llc who had been investing in Extreme Networks Inc for a number of months, seems to be less bullish one the $1.05B market cap company. The stock decreased 0.99% or $0.091 during the last trading session, reaching $9.069. About 1.17M shares traded. Extreme Networks, Inc. (NASDAQ:EXTR) has declined 5.57% since June 14, 2017 and is downtrending. It has underperformed by 18.14% the S&P500. Some Historical EXTR News: 01/05/2018 – Extreme Networks Presenting at Cowen Conference May 31; 29/05/2018 – Extreme Networks Presenting at Conference Tomorrow; 08/05/2018 – Extreme Networks 3Q Rev $262M; 02/04/2018 – Extreme Networks Launches Extreme Capital Solutions to Bring Flexible Financing Options to Customers and Partners; 07/05/2018 – EXTREME NETWORKS INC – ON MAY 1, BORROWED ABOUT $200 MILLION UNDER THE SENIOR SECURED CREDIT FACILITIES TO PAY OFF EXISTING DEBT; 08/05/2018 – Extreme Networks on Track to Grow 2019 Rev 3 to 5% in Combined Portfolio as Compared to 2H 2018 Run-rate

Investors sentiment decreased to 1.35 in 2018 Q1. Its down 0.11, from 1.46 in 2017Q4. It is negative, as 30 investors sold EXTR shares while 51 reduced holdings. 44 funds opened positions while 65 raised stakes. 97.14 million shares or 8.91% more from 89.19 million shares in 2017Q4 were reported. State Board Of Administration Of Florida Retirement has 100,763 shares. Royal National Bank & Trust Of Canada reported 74,044 shares. Howe And Rusling invested in 0.02% or 11,304 shares. State Teachers Retirement System has invested 0% in Extreme Networks, Inc. (NASDAQ:EXTR). Hsbc Hldg Pcl, a United Kingdom-based fund reported 212,813 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt reported 0% of its portfolio in Extreme Networks, Inc. (NASDAQ:EXTR). Shelton Cap Management reported 11,197 shares. First LP stated it has 0.01% of its portfolio in Extreme Networks, Inc. (NASDAQ:EXTR). Jpmorgan Chase And accumulated 0.01% or 2.59M shares. Morgan Stanley reported 358,257 shares. Bnp Paribas Arbitrage invested in 146,656 shares or 0% of the stock. Hanseatic Management Ser has 99 shares. Qs Invsts Ltd Liability Co stated it has 1,332 shares or 0% of all its holdings. Nordea Investment Mgmt Ab holds 0.01% of its portfolio in Extreme Networks, Inc. (NASDAQ:EXTR) for 248,213 shares. Bluemountain Ltd holds 0% in Extreme Networks, Inc. (NASDAQ:EXTR) or 609 shares.

Analysts await Extreme Networks, Inc. (NASDAQ:EXTR) to report earnings on August, 13. They expect $0.13 EPS, down 7.14% or $0.01 from last year’s $0.14 per share. EXTR’s profit will be $15.07 million for 17.44 P/E if the $0.13 EPS becomes a reality. After $0.10 actual EPS reported by Extreme Networks, Inc. for the previous quarter, Wall Street now forecasts 30.00% EPS growth.

Since May 10, 2018, it had 6 insider purchases, and 0 insider sales for $1.35 million activity. KENNEDY EDWARD H had bought 50,000 shares worth $451,553 on Thursday, May 17. 20,000 shares valued at $168,400 were bought by MEYERCORD EDWARD on Monday, May 14. Khanna Raj bought 10,000 shares worth $89,598. Shoemaker John C had bought 20,000 shares worth $168,000.

More news for Extreme Networks, Inc. (NASDAQ:EXTR) were recently published by: Seekingalpha.com, which released: “Extreme Networks +2.9% as filings show insider buys” on May 16, 2018. Fool.com‘s article titled: “3 Growth Stocks for the Long Term” and published on June 14, 2018 is yet another important article.

Among 6 analysts covering Extreme Networks Inc (NASDAQ:EXTR), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Extreme Networks Inc had 15 analyst reports since August 7, 2015 according to SRatingsIntel. Cowen & Co maintained Extreme Networks, Inc. (NASDAQ:EXTR) on Tuesday, February 6 with “Buy” rating. DA Davidson maintained it with “Buy” rating and $17.0 target in Wednesday, February 7 report. DA Davidson upgraded the shares of EXTR in report on Thursday, September 15 to “Buy” rating. As per Friday, June 2, the company rating was maintained by Needham. The stock of Extreme Networks, Inc. (NASDAQ:EXTR) has “Buy” rating given on Thursday, September 10 by Wunderlich. Zacks upgraded the stock to “Hold” rating in Friday, August 14 report. Craig Hallum maintained Extreme Networks, Inc. (NASDAQ:EXTR) rating on Wednesday, November 8. Craig Hallum has “Buy” rating and $17.0 target. The firm has “Buy” rating given on Wednesday, January 3 by JMP Securities. The firm has “Buy” rating given on Wednesday, February 7 by Needham. The rating was maintained by Needham on Monday, September 19 with “Buy”.

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 stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Outperform” rating given on Tuesday, May 17 by CLSA. The stock has “Neutral” rating by Mizuho on Thursday, November 5. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Neutral” rating by JP Morgan on Wednesday, December 14. On Friday, August 14 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm earned “Buy” rating on Monday, January 29 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Monday, October 30 with “Hold”. The firm earned “Outperform” rating on Friday, September 15 by Northland Capital. The rating was maintained by Canaccord Genuity with “Buy” on Wednesday, November 1. Rosenblatt initiated it with “Buy” rating and $65 target in Thursday, October 22 report. The rating was maintained by Canaccord Genuity on Wednesday, May 16 with “Buy”.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Nasdaq.com which released: “Microsoft Corporation and Cloud Kings Become Chip Giants” on June 13, 2018, also Fool.com with their article: “Broadcom’s Reputation Took an Unfair Hit During Qualcomm Saga” published on June 12, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” on June 12, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “Factors of Influence in 2018, Key Indicators and Opportunity within Southwestern Energy, Johnson & Johnson, Sleep …” published on June 14, 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.

Investors sentiment decreased to 0.78 in 2018 Q1. Its down 0.05, from 0.83 in 2017Q4. It dropped, 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. 191,909 are held by Howland Management Limited Liability. Endurance Wealth Mgmt Inc reported 3.52% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Linscomb And Williams invested in 64,646 shares. Tdam Usa accumulated 49,557 shares. Golub Gp Ltd Liability holds 0.03% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 5,890 shares. Gateway Advisers Limited Liability Com holds 0.4% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 812,014 shares. Virginia Retirement Et Al has 0.17% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Private Advisor Grp Inc Ltd Liability invested in 0.04% or 18,528 shares. Pointstate Cap Lp reported 80,000 shares stake. Moreover, Natixis LP has 0.84% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 1.54 million shares. Tci Wealth Advisors Incorporated has invested 0.22% in QUALCOMM Incorporated (NASDAQ:QCOM). Credit Capital Invests Lc, New Jersey-based fund reported 4,000 shares. Pinnacle Assocs Limited reported 0.06% stake. Howard Capital Mgmt accumulated 14,000 shares. Hills Commercial Bank Com holds 26,839 shares or 0.45% of its portfolio.

Since January 9, 2018, it had 0 buys, and 9 selling transactions for $7.68 million activity. $62,647 worth of QUALCOMM Incorporated (NASDAQ:QCOM) shares were sold by ROGERS ALEXANDER H. On Tuesday, May 8 the insider Rosenberg Donald J sold $618,603. THOMPSON JAMES H sold 50,126 shares worth $3.14M. AMON CRISTIANO R also sold $852,989 worth of QUALCOMM Incorporated (NASDAQ:QCOM) shares.

Cambiar Investors Llc, which manages about $8.42B and $6.30 billion US Long portfolio, decreased its stake in Banco Bilbao Vizcaya Argenta (NYSE:BBVA) by 22.89 million shares to 45,122 shares, valued at $356,000 in 2018Q1, according to the filing. It also reduced its holding in Bristol Myers Squibb Co (NYSE:BMY) by 124,498 shares in the quarter, leaving it with 559,967 shares, and cut its stake in Banner Corp (NASDAQ:BANR).

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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