Northstar Asset Management Has Increased Qualcomm (QCOM) Stake by $419,200; As Five9 (FIVN) Stock Rose, Driehaus Capital Management Lowered Its Holding

April 17, 2018 - By reb123z

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Northstar Asset Management Llc increased its stake in Qualcomm Inc (QCOM) by 23.6% based on its latest 2017Q4 regulatory filing with the SEC. Northstar Asset Management Llc bought 6,550 shares as the company’s stock declined 15.28% with the market. The institutional investor held 34,307 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $2.20M, up from 27,757 at the end of the previous reported quarter. Northstar Asset Management Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $82.08B market cap company. The stock increased 1.23% or $0.6761 during the last trading session, reaching $55.4461. About 2.05 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 17, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Richard Driehaus decreased its stake in Five9 Inc (FIVN) by 38.26% based on its latest 2017Q4 regulatory filing with the SEC. Driehaus Capital Management Llc sold 314,791 shares as the company’s stock rose 23.38% while stock markets declined. The hedge fund run by Richard Driehaus held 508,047 shares of the technology company at the end of 2017Q4, valued at $12.64 million, down from 822,838 at the end of the previous reported quarter. Driehaus Capital Management Llc who had been investing in Five9 Inc for a number of months, seems to be less bullish one the $1.68 billion market cap company. The stock increased 2.32% or $0.66 during the last trading session, reaching $29.09. About 46,876 shares traded. Five9, Inc. (NASDAQ:FIVN) has risen 62.41% since April 17, 2017 and is uptrending. It has outperformed by 50.86% the S&P500.

Analysts await Five9, Inc. (NASDAQ:FIVN) to report earnings on May, 2. They expect $-0.06 earnings per share, 0.00% or $0.00 from last year’s $-0.06 per share. After $-0.01 actual earnings per share reported by Five9, Inc. for the previous quarter, Wall Street now forecasts 500.00% negative EPS growth.

Driehaus Capital Management Llc, which manages about $12.71B and $2.64 billion US Long portfolio, upped its stake in Gms Inc by 84,604 shares to 286,885 shares, valued at $10.80M in 2017Q4, according to the filing. It also increased its holding in Intuitive Surgical Inc (NASDAQ:ISRG) by 2,446 shares in the quarter, for a total of 3,800 shares, and has risen its stake in Zayo Group Holdings Inc (NYSE:ZAYO).

Among 11 analysts covering Five9 Inc (NASDAQ:FIVN), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Five9 Inc had 36 analyst reports since October 9, 2015 according to SRatingsIntel. The stock of Five9, Inc. (NASDAQ:FIVN) earned “Overweight” rating by Pacific Crest on Friday, March 17. The stock has “Buy” rating by Northland Capital on Thursday, November 9. The rating was maintained by Canaccord Genuity with “Buy” on Wednesday, November 8. The stock has “Buy” rating by Canaccord Genuity on Tuesday, July 11. As per Tuesday, September 20, the company rating was downgraded by Bank of America. KeyBanc Capital Markets maintained Five9, Inc. (NASDAQ:FIVN) rating on Thursday, November 9. KeyBanc Capital Markets has “Overweight” rating and $29 target. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, January 8. Needham maintained the shares of FIVN in report on Wednesday, September 27 with “Buy” rating. The firm has “Buy” rating by KeyBanc Capital Markets given on Friday, October 27. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, November 9.

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.02, from 0.85 in 2017Q3. It dived, 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. Moreover, Reilly Financial Advsrs Llc has 0.09% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 10,277 shares. Guardian Life Of America reported 4,785 shares. New York-based Lazard Asset Mgmt Lc has invested 0.17% in QUALCOMM Incorporated (NASDAQ:QCOM). Moreover, Df Dent Com has 0.61% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 379,646 shares. Fort Washington Invest Advsrs Oh holds 0.13% in QUALCOMM Incorporated (NASDAQ:QCOM) or 200,566 shares. Aimz Investment Advsrs Limited Liability Company reported 2.96% in QUALCOMM Incorporated (NASDAQ:QCOM). Principal Finance Group Incorporated owns 2.29 million shares. Eaton Vance reported 5.96 million shares. Security Bancorporation Of So Dak holds 13,130 shares or 0.91% of its portfolio. Texas-based Hilltop Hldgs has invested 0.13% in QUALCOMM Incorporated (NASDAQ:QCOM). General Amer Investors owns 301,200 shares. Riggs Asset Managment Incorporated, Pennsylvania-based fund reported 88 shares. Legal And General Group Public Ltd Com reported 7.83 million shares. 182,694 are held by Fund Management. Eagleclaw Cap Managment Limited Liability accumulated 0.77% or 23,915 shares.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 2 Sell and 19 Hold. Therefore 43% are positive. Qualcomm Inc. had 142 analyst reports since July 23, 2015 according to SRatingsIntel. Rosenblatt initiated QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, October 22. Rosenblatt has “Buy” rating and $65 target. On Tuesday, September 6 the stock rating was maintained by Mizuho with “Neutral”. The firm earned “Sector Perform” rating on Monday, October 3 by RBC Capital Markets. On Monday, July 10 the stock rating was maintained by BMO Capital Markets with “Hold”. RBC Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, November 23 with “Outperform” rating. Northland Capital maintained the shares of QCOM in report on Thursday, February 1 with “Buy” rating. The rating was maintained by Nomura with “Hold” on Thursday, July 20. The firm has “Hold” rating by Deutsche Bank given on Thursday, July 20. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Monday, October 31 by Nomura. Morgan Stanley maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, March 19 with “Underweight” rating.

Since October 27, 2017, it had 0 insider purchases, and 6 insider sales for $6.14 million activity. ROGERS ALEXANDER H sold $19,117 worth of QUALCOMM Incorporated (NASDAQ:QCOM) on Friday, October 27. GROB MATTHEW S had sold 43,000 shares worth $2.81M.

Northstar Asset Management Llc, which manages about $241.97 million US Long portfolio, decreased its stake in Mondelez International (NASDAQ:MDLZ) by 12,600 shares to 34,778 shares, valued at $1.49M in 2017Q4, according to the filing.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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