Redwood Capital Management Has Upped Qualcomm (QCOM) Position by $2.04 Million; Market Valuation Rose; As Schlumberger LTD (SLB) Stock Value Declined, First Fiduciary Investment Counsel Has Raised Position

February 15, 2018 - By Dolores Ford

First Fiduciary Investment Counsel Inc increased its stake in Schlumberger Ltd (SLB) by 56.53% based on its latest 2017Q3 regulatory filing with the SEC. First Fiduciary Investment Counsel Inc bought 87,873 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 243,312 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $16.97M, up from 155,439 at the end of the previous reported quarter. First Fiduciary Investment Counsel Inc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $91.16 billion market cap company. The stock decreased 0.08% or $0.05 during the last trading session, reaching $65.87. About 13.03M shares traded or 36.73% up from the average. Schlumberger Limited (NYSE:SLB) has declined 3.30% since February 15, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Jonathan Kolatch increased its stake in Qualcomm Inc (QCOM) by 11.35% based on its latest 2017Q3 regulatory filing with the SEC. Redwood Capital Management Llc bought 40,000 shares as the company’s stock rose 2.14% with the market. The hedge fund run by Jonathan Kolatch held 392,430 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $20.34 million, up from 352,430 at the end of the previous reported quarter. Redwood Capital Management Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $98.58 billion market cap company. The stock increased 1.35% or $0.89 during the last trading session, reaching $66.59. About 10.37 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since February 15, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 1 Sell and 19 Hold. Therefore 44% are positive. Qualcomm Inc. had 132 analyst reports since July 23, 2015 according to SRatingsIntel. Canaccord Genuity maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Wednesday, October 12. Canaccord Genuity has “Buy” rating and $75 target. The firm has “Overweight” rating by Pacific Crest given on Friday, December 4. On Thursday, June 9 the stock rating was downgraded by Brean Capital to “Hold”. The firm has “Buy” rating by Canaccord Genuity given on Friday, August 14. Charter Equity downgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Tuesday, January 24 to “Mkt Perform” rating. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Neutral” rating given on Thursday, November 5 by Mizuho. As per Thursday, August 24, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating given on Monday, July 10 by BMO Capital Markets. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, November 19. The company was maintained on Thursday, June 15 by Susquehanna.

Redwood Capital Management Llc, which manages about $7.54 billion and $978.31 million US Long portfolio, decreased its stake in Bank Amer Corp (NYSE:BAC) by 200,000 shares to 1.09 million shares, valued at $27.56 million in 2017Q3, according to the filing.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.13, from 0.98 in 2017Q2. It dropped, 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. Old Second National Bank & Trust Of Aurora reported 31,856 shares. First Fin Retail Bank holds 0.09% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 10,486 shares. Hemenway Tru Lc stated it has 11,112 shares. Employees Retirement Systems Of Texas has invested 0.32% in QUALCOMM Incorporated (NASDAQ:QCOM). Employees Retirement Association Of Colorado accumulated 262,592 shares. Monetary Management has 15,975 shares for 0.35% of their portfolio. Goldman Sachs Gp Inc Inc stated it has 9.24M shares. Pacific Global holds 0.22% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 18,726 shares. Ims Capital reported 31,769 shares stake. Sandy Spring Bancorp reported 0.52% in QUALCOMM Incorporated (NASDAQ:QCOM). Moreover, Waddell Reed has 0.05% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Moody State Bank Tru Division, a Texas-based fund reported 15,585 shares. Dowling And Yahnke Llc owns 162,448 shares. Fulton Bank Na invested in 0.11% or 28,094 shares. Prelude Cap Management Ltd Llc owns 35,045 shares.

Since August 20, 2017, it had 0 buys, and 6 selling transactions for $3.16 million activity. Shares for $19,117 were sold by ROGERS ALEXANDER H on Friday, October 27. STERLING MICHELLE M had sold 4,740 shares worth $245,919 on Sunday, August 20.

Since October 24, 2017, it had 0 insider purchases, and 3 selling transactions for $8.09 million activity. $219,205 worth of stock was sold by SANDVOLD TORE I on Tuesday, October 24. AYAT SIMON sold $5.91M worth of stock or 75,000 shares.

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