Peak Asset Management Has Boosted Qualcomm (QCOM) Stake by $793,233; Market Valuation Declined; General Electric Co (GE) Holder Hollencrest Securities Has Cut Stake

May 23, 2018 - By Dolores Ford

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Hollencrest Securities Llc decreased its stake in General Electric Co (GE) by 43.41% based on its latest 2017Q4 regulatory filing with the SEC. Hollencrest Securities Llc sold 93,027 shares as the company’s stock declined 23.20% with the market. The institutional investor held 121,275 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $2.12 million, down from 214,302 at the end of the previous reported quarter. Hollencrest Securities Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $132.80 billion market cap company. The stock increased 0.20% or $0.03 during the last trading session, reaching $15.29. About 65.74M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 23, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Peak Asset Management Llc increased its stake in Qualcomm Inc (QCOM) by 12591% based on its latest 2017Q4 regulatory filing with the SEC. Peak Asset Management Llc bought 12,591 shares as the company’s stock declined 15.28% with the market. The hedge fund held 12,691 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $812,000, up from 100 at the end of the previous reported quarter. Peak Asset Management Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $85.09 billion market cap company. The stock decreased 0.55% or $0.32 during the last trading session, reaching $57.39. About 8.66 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since May 23, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dropped, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Tcw Incorporated holds 1.01% or 7.16 million shares in its portfolio. The Louisiana-based Iberiabank Corporation has invested 0.19% in General Electric Company (NYSE:GE). Natl Bank Of Nova Scotia Trust Company reported 0.18% stake. Cullen Frost Bankers stated it has 1.02M shares. Mariner Wealth Ltd owns 266,224 shares. Moreover, State Street has 0.47% invested in General Electric Company (NYSE:GE). Evanson Asset Limited Liability Corp reported 29,601 shares. 76,516 are owned by Hedeker Wealth Ltd. West Family Inc invested 0.74% of its portfolio in General Electric Company (NYSE:GE). Livingston Gru Asset Management Comm (Operating As Southport Capital Management) owns 127,469 shares for 0.85% of their portfolio. Graybill Bartz & Assocs has 125,984 shares. Gamco Investors Et Al reported 1.26 million shares stake. De Burlo Group accumulated 0.04% or 11,714 shares. The New York-based Klingenstein Fields And Co Limited has invested 0.46% in General Electric Company (NYSE:GE). 75.63 million were reported by Harris Assoc L P.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 103 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, January 25. RBC Capital Markets has “Outperform” rating and $33 target. The firm has “Hold” rating by RBC Capital Markets given on Monday, April 23. Cowen & Co maintained it with “Hold” rating and $24.0 target in Thursday, October 19 report. The stock of General Electric Company (NYSE:GE) has “Underperform” rating given on Tuesday, October 24 by Oppenheimer. Bank of America upgraded the stock to “Buy” rating in Monday, October 23 report. As per Monday, August 7, the company rating was maintained by Cowen & Co. The firm earned “Market Perform” rating on Tuesday, July 26 by Bernstein. As per Tuesday, March 13, the company rating was maintained by JP Morgan. Vetr upgraded General Electric Company (NYSE:GE) on Wednesday, August 26 to “Buy” rating. The firm has “Neutral” rating given on Monday, October 23 by UBS.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 EPS, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56B for 21.24 P/E if the $0.18 EPS becomes a reality. After $0.16 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Hollencrest Securities Llc, which manages about $1.14 billion and $763.49 million US Long portfolio, upped its stake in Vanguard Total International B (BNDX) by 7,735 shares to 35,072 shares, valued at $1.91M in 2017Q4, according to the filing. It also increased its holding in Wells Fargo Bk N A (NYSE:WFC) by 7,802 shares in the quarter, for a total of 18,236 shares, and has risen its stake in Intuitive Surgical (NASDAQ:ISRG).

More notable recent General Electric Company (NYSE:GE) news were published by: Bizjournals.com which released: “GE Healthcare partners with California startup on body fat app for athletes” on May 22, 2018, also Seekingalpha.com with their article: “General Electric: Selling Low?” published on May 17, 2018, Seekingalpha.com published: “GE: The Real Problem” on May 21, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “Wall Street Breakfast: Trade Talk And Fed Minutes” published on May 23, 2018 as well as Seekingalpha.com‘s news article titled: “JPMorgan: GE short of healthy balance sheet” with publication date: May 22, 2018.

Since January 26, 2018, it had 1 insider buy, and 0 selling transactions for $43,446 activity.

Since January 9, 2018, it had 0 insider purchases, and 8 sales for $7.62 million activity. The insider AMON CRISTIANO R sold $852,989. $618,603 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by Rosenberg Donald J. 43,000 shares were sold by GROB MATTHEW S, worth $2.81 million. Shares for $3.14 million were sold by THOMPSON JAMES H on Friday, March 9.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It fall, 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. Holderness accumulated 8,646 shares. Hightower Advsr Ltd Liability Co, a Illinois-based fund reported 517,987 shares. Thompson Siegel & Walmsley Ltd Llc accumulated 0.18% or 237,976 shares. Amica Retiree reported 8,883 shares. Shoker Counsel has invested 0.86% in QUALCOMM Incorporated (NASDAQ:QCOM). Oklahoma-based Cap Ok has invested 0.74% in QUALCOMM Incorporated (NASDAQ:QCOM). Fca Corporation Tx holds 4,962 shares. Trustmark Bancorp Tru Department owns 44,295 shares for 0.31% of their portfolio. Boston Ltd Liability Com accumulated 3,530 shares. Pentwater Management Ltd Partnership accumulated 13.91M shares or 5.92% of the stock. Susquehanna Grp Inc Llp holds 0.06% in QUALCOMM Incorporated (NASDAQ:QCOM) or 2.83 million shares. Primecap Management Commerce Ca holds 0.75% or 15.31 million shares. Partnervest Advisory Services Ltd Liability Company holds 15,721 shares. Factory Mutual Insurance Communication has 1.17 million shares for 0.78% of their portfolio. Eqis Capital Mgmt Inc stated it has 46,363 shares or 0.15% of all its holdings.

Peak Asset Management Llc, which manages about $326.42M and $273.45 million US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 6,774 shares to 76,619 shares, valued at $8.74M in 2017Q4, according to the filing. It also reduced its holding in Cisco Sys Inc (NASDAQ:CSCO) by 10,710 shares in the quarter, leaving it with 172,167 shares, and cut its stake in Apple Inc (NASDAQ:AAPL).

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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