Twitter (TWTR) Stake Maintained by Granite Point Capital Management Lp; Lederer & Associates Investment Counsel Position in Qualcomm (QCOM) Has Raised as Market Valuation Declined

June 13, 2018 - By Maria Brooks

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Warren Lammert increased its stake in Twitter Inc (TWTR) by 46.5% based on its latest 2018Q1 regulatory filing with the SEC. Granite Point Capital Management Lp bought 18,600 shares as the company’s stock rose 4.57% while stock markets declined. The hedge fund run by Warren Lammert held 58,600 shares of the technology company at the end of 2018Q1, valued at $1.70M, up from 40,000 at the end of the previous reported quarter. Granite Point Capital Management Lp who had been investing in Twitter Inc for a number of months, seems to be bullish on the $32.92B market cap company. The stock increased 0.95% or $0.41 during the last trading session, reaching $43.9. About 18.34 million shares traded. Twitter, Inc. (NYSE:TWTR) has risen 87.35% since June 13, 2017 and is uptrending. It has outperformed by 74.78% the S&P500. Some Historical TWTR News: 24/05/2018 – ♫ Reuters Insider – Canada’s Trudeau fights Trump auto import probe; 09/05/2018 – ♫ Reuters Insider – Pompeo returns from N. Korea with U.S. detainees; 21/05/2018 – Qualcomm Introduces Industry’s First 5G NR Solution for Small Cells and Remote Radio Heads; 30/05/2018 – Penske Truck Leasing Expands Into North Houston; 30/05/2018 – ♫ Reuters Insider – Martin Sorrell makes comeback after short hiatus; 24/04/2018 – Western Precooling Selects Zest Labs to Optimize Receiving Process Efficiency; 07/03/2018 – Good day to be @jack – both $SQ and $TWTR making highs today; 20/03/2018 – T, TWTR: Opening arguments in AT&T v Time Warner delayed by 1 day cuz of snow expected in DC area – ! $T $TWTR; 09/05/2018 – ♫ Reuters Insider – Trading at Noon: Walmart buys controlling stake in India’s Flipkart for $16 billion; 21/05/2018 – ♫ Reuters Insider – DC reels as Trump rages over Mueller probe

Lederer & Associates Investment Counsel increased its stake in Qualcomm Inc (QCOM) by 80.19% based on its latest 2018Q1 regulatory filing with the SEC. Lederer & Associates Investment Counsel bought 9,625 shares as the company’s stock declined 10.48% with the market. The institutional investor held 21,628 shares of the radio and television broadcasting and communications equipment company at the end of 2018Q1, valued at $1.20 million, up from 12,003 at the end of the previous reported quarter. Lederer & Associates Investment Counsel who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $88.91 billion market cap company. The stock increased 0.30% or $0.18 during the last trading session, reaching $59.97. About 2.30 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since June 13, 2017 and is uptrending. It has underperformed by 9.99% the S&P500. Some Historical QCOM News: 06/03/2018 – Broadcom to Qualcomm: We’re coming for you; 09/03/2018 – QUALCOMM EXTENDS CASH TENDER OFFER FOR ALL OUTSTANDING SHRS OF; 19/04/2018 – Qualcomm to refile China application to get NXP deal cleared; 07/03/2018 – New York Post: Broadcom insists it won’t slash Qualcomm’s spending on 5G; 26/04/2018 – QUALCOMM CEO MAKING COMMENTS ON CNBC; 12/03/2018 – AVGO, QCOM: Trump issues order to block $AVGO takeover of $QCOM. – ! $AVGO $QCOM; 09/03/2018 – Qualcomm Replaces Jacobs as Executive Chairman With Independent; 28/05/2018 – IBT: Qualcomm To Meet China Regulators In Push To Clear $44 Billion NXP deal: Sources; 13/03/2018 – Singapore News: [CNA] Broadcom to end bid for Qualcomm, keeps plan to move to US; 14/05/2018 – Bloomberg News reports the Chinese Ministry of Commerce has been asked to hasten the deal’s review as well as Qualcomm’s plans to protect local companies

Granite Point Capital Management Lp, which manages about $1.03 billion US Long portfolio, decreased its stake in Health Ins Innovations Inc (NASDAQ:HIIQ) by 25,500 shares to 25,000 shares, valued at $723,000 in 2018Q1, according to the filing. It also reduced its holding in Alphabet Inc by 600 shares in the quarter, leaving it with 2,400 shares, and cut its stake in Spdr S&P 500 Etf Trust (Put) (SPY).

Investors sentiment decreased to 1.23 in Q1 2018. Its down 0.14, from 1.37 in 2017Q4. It worsened, as 51 investors sold TWTR shares while 142 reduced holdings. 97 funds opened positions while 141 raised stakes. 438.53 million shares or 11.95% more from 391.71 million shares in 2017Q4 were reported. First Quadrant Lp Ca reported 101,979 shares. Whittier Tru Company Of Nevada accumulated 817 shares. Lenox Wealth Mgmt invested in 612 shares. Oppenheimer Asset Mgmt accumulated 113,242 shares. Washington-based Evergreen Capital Mngmt Ltd Limited Liability Company has invested 0.05% in Twitter, Inc. (NYSE:TWTR). Clearbridge Investments Ltd Llc invested 0.85% of its portfolio in Twitter, Inc. (NYSE:TWTR). Amalgamated Savings Bank reported 0.06% stake. Cetera Advisors Limited Liability, Colorado-based fund reported 18,696 shares. Synovus Corp stated it has 0.05% in Twitter, Inc. (NYSE:TWTR). The Japan-based Asset Management One Limited has invested 0% in Twitter, Inc. (NYSE:TWTR). Stevens Cap Mgmt LP holds 0.04% or 38,173 shares in its portfolio. Glenmede Na holds 0% or 2,130 shares. Partner Invest LP stated it has 1.53% of its portfolio in Twitter, Inc. (NYSE:TWTR). Tradewinds Cap Management Ltd owns 0.01% invested in Twitter, Inc. (NYSE:TWTR) for 600 shares. Moors Cabot Inc holds 0.07% of its portfolio in Twitter, Inc. (NYSE:TWTR) for 17,253 shares.

Among 55 analysts covering Twitter (NYSE:TWTR), 13 have Buy rating, 11 Sell and 31 Hold. Therefore 24% are positive. Twitter had 241 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies maintained Twitter, Inc. (NYSE:TWTR) rating on Thursday, September 28. Jefferies has “Hold” rating and $16.0 target. The firm has “Sell” rating by Citigroup given on Friday, February 10. RBC Capital Markets maintained Twitter, Inc. (NYSE:TWTR) rating on Monday, February 5. RBC Capital Markets has “Sell” rating and $18.0 target. The firm earned “Buy” rating on Wednesday, December 20 by Argus Research. The stock of Twitter, Inc. (NYSE:TWTR) has “Underweight” rating given on Wednesday, July 27 by Morgan Stanley. Bernstein maintained the shares of TWTR in report on Wednesday, April 27 with “Market Perform” rating. Cowen & Co maintained the stock with “Sell” rating in Friday, February 9 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, February 11. On Wednesday, April 19 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating given on Wednesday, January 20 by Axiom Capital.

More notable recent Twitter, Inc. (NYSE:TWTR) news were published by: Seekingalpha.com which released: “Analyst raises its Twitter target to 19% upside” on June 05, 2018, also Livetradingnews.com with their article: “Twitter, Inc. (NYSE:TWTR) Trading 25% Above Analysts Target Price” published on June 11, 2018, Seekingalpha.com published: “The Twitter Turn” on May 31, 2018. More interesting news about Twitter, Inc. (NYSE:TWTR) were released by: Benzinga.com and their article: “4 Reasons Why Twitter’s Stock Is Back In Favor” published on June 08, 2018 as well as Livetradingnews.com‘s news article titled: “Twitter, Inc. (NYSE:TWTR) Advances 5%” with publication date: June 13, 2018.

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 rating was maintained by Northland Capital on Thursday, November 2 with “Buy”. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Hold” rating given on Wednesday, September 6 by Northland Capital. The firm has “Hold” rating given on Thursday, April 19 by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, January 16 by Nomura. The rating was upgraded by Raymond James to “Outperform” on Wednesday, November 8. Canaccord Genuity maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, April 19 with “Buy” rating. The stock has “Hold” rating by Topeka Capital Markets on Thursday, November 5. The firm earned “Buy” rating on Friday, May 26 by Stifel Nicolaus. The stock has “Buy” rating by RBC Capital Markets on Wednesday, April 4. JP Morgan initiated QUALCOMM Incorporated (NASDAQ:QCOM) on Tuesday, September 8 with “Neutral” rating.

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. Meyer Handelman holds 0.67% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 237,200 shares. Massmutual Tru Co Fsb Adv has invested 0% in QUALCOMM Incorporated (NASDAQ:QCOM). Harvest Management Limited Co reported 0.95% stake. Anchor Cap Advisors Lc accumulated 0.05% or 26,939 shares. Stoneridge Investment Limited Co owns 0.63% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 67,457 shares. Glob X Mgmt Communications Limited Co holds 0.06% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 55,199 shares. Hudock Cap Group Lc holds 322 shares. Private Trust Na reported 15,262 shares. Moreover, Philadelphia has 0.64% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Van Eck Assoc holds 0.25% or 899,908 shares. Macnealy Hoover Inv Mngmt reported 19,501 shares stake. Burney holds 0.05% or 13,571 shares in its portfolio. Adage Cap Ptnrs Grp Limited Company reported 0.27% in QUALCOMM Incorporated (NASDAQ:QCOM). Point72 Asia (Hong Kong) Ltd, a Hong Kong-based fund reported 2,484 shares. Premier Asset Lc owns 33,820 shares.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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