Qualcomm (QCOM) Stake Held by Thompson Investment Management Inc; As Microsoft (MSFT) Stock Price Rose, Shareholder Vertex One Asset Management Decreased Its Holding

January 23, 2018 - By Adrian Erickson

John Thiessen decreased its stake in Microsoft Corp (MSFT) by 41.94% based on its latest 2017Q3 regulatory filing with the SEC. Vertex One Asset Management Inc sold 6,500 shares as the company’s stock rose 4.75% with the market. The hedge fund run by John Thiessen held 9,000 shares of the prepackaged software company at the end of 2017Q3, valued at $670,000, down from 15,500 at the end of the previous reported quarter. Vertex One Asset Management Inc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $707.74 billion market cap company. The stock increased 0.14% or $0.13 during the last trading session, reaching $91.74. About 10.33 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since January 23, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

Thompson Investment Management Inc increased its stake in Qualcomm Inc (QCOM) by 4.7% based on its latest 2017Q3 regulatory filing with the SEC. Thompson Investment Management Inc bought 6,709 shares as the company’s stock rose 2.14% with the market. The institutional investor held 149,529 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $7.75M, up from 142,820 at the end of the previous reported quarter. Thompson Investment Management Inc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $101.57 billion market cap company. The stock decreased 0.09% or $0.06 during the last trading session, reaching $68.61. About 3.48 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since January 23, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Since August 20, 2017, it had 0 insider purchases, and 5 sales for $3.11 million activity. STERLING MICHELLE M sold $245,919 worth of stock or 4,740 shares. GROB MATTHEW S sold $2.81M worth of stock or 43,000 shares.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.13, from 0.98 in 2017Q2. It dived, as 83 investors sold QCOM shares while 490 reduced holdings. 89 funds opened positions while 397 raised stakes. 1.10 billion shares or 0.88% less from 1.11 billion shares in 2017Q2 were reported. Salient Tru Company Lta reported 0.07% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Moreover, Brown Advisory Llc has 0.89% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Peddock Advsr Ltd Liability Company holds 641 shares or 0.02% of its portfolio. Pinnacle Fincl Prtnrs, Tennessee-based fund reported 86,243 shares. Accredited Invsts Inc owns 15,261 shares. Perigon Wealth Mgmt Ltd Limited Liability Company accumulated 4,105 shares or 0.07% of the stock. Smith Salley & Assocs reported 0.6% in QUALCOMM Incorporated (NASDAQ:QCOM). Van Eck Associate owns 749,911 shares for 0.2% of their portfolio. Wms Partners Limited Liability Company reported 11,730 shares stake. Vident Inv Advisory Limited Liability stated it has 0.72% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Old Second Fincl Bank Of Aurora holds 0.69% in QUALCOMM Incorporated (NASDAQ:QCOM) or 31,856 shares. Whittier Trust Communication Of Nevada invested in 33,457 shares or 0.16% of the stock. Argent Cap Mngmt Limited Co owns 84,571 shares or 0.17% of their US portfolio. Edmp holds 2.6% in QUALCOMM Incorporated (NASDAQ:QCOM) or 55,707 shares. Cincinnati Fin reported 912,500 shares.

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 1 Sell and 19 Hold. Therefore 44% are positive. Qualcomm Inc. had 126 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by Stifel Nicolaus on Thursday, November 19. As per Thursday, July 23, the company rating was maintained by Stifel Nicolaus. The stock has “Outperform” rating by Cowen & Co on Wednesday, December 16. Bernstein maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Wednesday, July 19 with “Hold” rating. Mizuho maintained the stock with “Buy” rating in Tuesday, October 31 report. The rating was maintained by RBC Capital Markets on Monday, November 23 with “Outperform”. Mizuho maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, July 21. Mizuho has “Neutral” rating and $56 target. The rating was maintained by Northland Capital with “Buy” on Thursday, November 2. On Monday, November 13 the stock rating was maintained by Bernstein with “Hold”. The company was maintained on Friday, June 23 by Northland Capital.

Thompson Investment Management Inc, which manages about $2.99B and $536.27M US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 2,796 shares to 66,584 shares, valued at $8.66 million in 2017Q3, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 6,162 shares in the quarter, leaving it with 194,367 shares, and cut its stake in Freeport (NYSE:FCX).

Among 35 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 4 Hold. Therefore 83% are positive. Microsoft Corporation had 145 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Market Perform” on Friday, April 1. The rating was maintained by Jefferies on Friday, January 29 with “Underperform”. The firm has “Overweight” rating given on Thursday, December 22 by Piper Jaffray. On Wednesday, January 6 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Strong Buy” rating on Monday, November 30 by Raymond James. The company was maintained on Wednesday, September 13 by Canaccord Genuity. Nomura maintained the stock with “Buy” rating in Friday, October 21 report. The company was maintained on Friday, January 27 by BMO Capital Markets. The stock has “Buy” rating by Canaccord Genuity on Friday, October 27. The stock has “Buy” rating by Oppenheimer on Friday, August 7.

Vertex One Asset Management Inc, which manages about $613.15M US Long portfolio, upped its stake in Transocean Ltd (NYSE:RIG) by 200,000 shares to 595,800 shares, valued at $6.41M in 2017Q3, according to the filing. It also increased its holding in Bard C R Inc (NYSE:BCR) by 8,800 shares in the quarter, for a total of 41,800 shares, and has risen its stake in Atwood Oceanics Inc (NYSE:ATW).

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on January, 25. They expect $0.86 EPS, up 3.61% or $0.03 from last year’s $0.83 per share. MSFT’s profit will be $6.63B for 26.67 P/E if the $0.86 EPS becomes a reality. After $0.84 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 2.38% EPS growth.

Since August 4, 2017, it had 0 insider purchases, and 3 sales for $513.86 million activity. Hood Amy sold $4.00 million worth of Microsoft Corporation (NASDAQ:MSFT) on Tuesday, August 29. The insider Morfit G Mason sold 7.00M shares worth $507.89M.

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