Qualcomm (QCOM) Holder Guinness Atkinson Asset Management Increased Stake by $1.85 Million; Resmed (RMD) Holder Capital Investment Services Of America Cut Holding by $1.58 Million

June 21, 2018 - By Michael Collier

ResMed Inc. (NYSE:RMD) Logo

Guinness Atkinson Asset Management Inc increased its stake in Qualcomm Inc (QCOM) by 180.65% based on its latest 2018Q1 regulatory filing with the SEC. Guinness Atkinson Asset Management Inc bought 33,600 shares as the company’s stock declined 10.48% with the market. The institutional investor held 52,200 shares of the radio and television broadcasting and communications equipment company at the end of 2018Q1, valued at $2.89M, up from 18,600 at the end of the previous reported quarter. Guinness Atkinson Asset Management Inc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $87.16B market cap company. The stock increased 0.15% or $0.09 during the last trading session, reaching $58.79. About 6.02M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since June 21, 2017 and is uptrending. It has underperformed by 9.99% the S&P500. Some Historical QCOM News: 06/03/2018 – Rival chipmakers Qualcomm and Broadcom are in a back-and-forth that can only be described as a soap opera Qualcomm has no interest – never has and never will – in letting Singapore-based Broadcom take over its company; 03/04/2018 – Australian Gov: WIPO PUBLISHES PATENT OF QUALCOMM FOR “MOBILE DEVICE POSITIONING USING MODULATED LIGHT SIGNALS AND COARSE; 16/05/2018 – ALLIED MINDS – UNIT, VERIZON, ERICSSON, QUALCOMM’S UNIT, SUCCESSFUL TESTING OF 4G LTE TECHNOLOGY OVER CBRS SPECTRUM IN VERIZON’S COMMERCIAL NETWORK; 15/05/2018 – SAMSUNG ELEC 005930.KS IN TALKS WITH ZTE 0763.HK , OTHER SMARTPHONE MAKERS TO SUPPLY EXYNOS CHIPS – EXEC; 18/04/2018 – Simply Telecom: Former Qualcomm chairman explores long-shot bid for U.S. chip maker; 23/03/2018 – Qualcomm Announces Preliminary Results of 2018 Annual Meeting of Stockholders; 28/05/2018 – USI Announces SOM IoT Module Products with NXP And Qualcomm Solutions; 18/04/2018 – China Commerce Ministry: Reviewing Deal Between Qualcomm, NXP Semiconductors; 06/03/2018 – U.S. Orders Qualcomm to Delay Board Meeting for Review of Broadcom Offer — 9th Update; 13/04/2018 – The HP Envy X2 is among the first new Windows 10 laptops to run on Qualcomm’s Snapdragon processor

Capital Investment Services Of America Inc decreased its stake in Resmed Inc (RMD) by 8.81% based on its latest 2018Q1 regulatory filing with the SEC. Capital Investment Services Of America Inc sold 16,135 shares as the company’s stock rose 6.97% while stock markets declined. The institutional investor held 167,026 shares of the medical and dental instruments company at the end of 2018Q1, valued at $16.45 million, down from 183,161 at the end of the previous reported quarter. Capital Investment Services Of America Inc who had been investing in Resmed Inc for a number of months, seems to be less bullish one the $15.25 billion market cap company. The stock increased 0.67% or $0.71 during the last trading session, reaching $106.81. About 388,224 shares traded. ResMed Inc. (NYSE:RMD) has risen 47.21% since June 21, 2017 and is uptrending. It has outperformed by 34.64% the S&P500. Some Historical RMD News: 26/04/2018 – ResMed 3Q Adj EPS 92c; 23/04/2018 – DJ ResMed Inc, Inst Holders, 1Q 2018 (RMD); 25/04/2018 – FBO:Veteran Aff: Veterans Affairs Contract Award – 65–CPAP/BIPAP Masks – ResMed – 36C24818Q0300; 11/05/2018 – Fisher & Paykel Healthcare Limited vs ResMed Limited | FWD Entered | 05/11/2018; 10/05/2018 – ResMed’s New QuietAir Diffuser Vent for CPAP Masks Reduces Noise by 89 Percent; 19/04/2018 – RESMED INC – AGREEMENT TERMINATES ON APRIL 17, 2023; 23/04/2018 – UBS Lifts Target Price on Resmed to US$104/Share From US$96; 29/04/2018 – ResMed Target Price Lifted 1.7% to A$12.10/Share by Macquarie; 19/04/2018 – RESMED SAYS ON APRIL 17, 2018 (‘CLOSING DATE’), CO ENTERED CERTAIN AMENDED AND RESTATED CREDIT AGREEMENT, DATED AS OF CLOSING DATE – SEC FILING; 29/04/2018 – ResMed Target Price Lifted 1.5% to A$13.80/Share by Citi

Analysts await ResMed Inc. (NYSE:RMD) to report earnings on August, 7. They expect $0.92 earnings per share, up 19.48% or $0.15 from last year’s $0.77 per share. RMD’s profit will be $131.32M for 29.02 P/E if the $0.92 EPS becomes a reality. After $0.92 actual earnings per share reported by ResMed Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since January 2, 2018, it had 0 insider purchases, and 24 insider sales for $12.20 million activity. 2,810 ResMed Inc. (NYSE:RMD) shares with value of $264,365 were sold by PENDARVIS DAVID. 2,000 ResMed Inc. (NYSE:RMD) shares with value of $197,060 were sold by Sandercock Brett. PACE GARY W sold 28,403 shares worth $2.77 million. Another trade for 4,885 shares valued at $487,083 was sold by TAYLOR RONALD R. $2.92 million worth of ResMed Inc. (NYSE:RMD) was sold by SULPIZIO RICHARD on Wednesday, May 30. 2,000 ResMed Inc. (NYSE:RMD) shares with value of $200,240 were sold by McHale Richard.

Capital Investment Services Of America Inc, which manages about $640.18 million US Long portfolio, upped its stake in Ishares Floating Rate Bond Etf (FLOT) by 15,100 shares to 487,984 shares, valued at $24.85 million in 2018Q1, according to the filing. It also increased its holding in Qualcomm Inc (NASDAQ:QCOM) by 66,446 shares in the quarter, for a total of 222,653 shares, and has risen its stake in Wabtec (NYSE:WAB).

More news for ResMed Inc. (NYSE:RMD) were recently published by: Globenewswire.com, which released: “Analysis: Positioning to Benefit within The Stars Group, AMAG Pharmaceuticals, ResMed, WestRock, Briggs & Stratton …” on June 18, 2018. Streetinsider.com‘s article titled: “ResMed (RMD) to Acquire HEALTHCAREfirst” and published on May 29, 2018 is yet another important article.

Among 14 analysts covering ResMed Inc (NYSE:RMD), 3 have Buy rating, 3 Sell and 8 Hold. Therefore 21% are positive. ResMed Inc had 45 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Piper Jaffray on Wednesday, August 2 with “Hold”. The rating was upgraded by Northland Capital on Tuesday, January 23 to “Hold”. Jefferies maintained it with “Sell” rating and $5600 target in Tuesday, August 1 report. As per Wednesday, August 2, the company rating was maintained by BMO Capital Markets. As per Tuesday, October 4, the company rating was initiated by JP Morgan. Bank of America downgraded the shares of RMD in report on Wednesday, August 2 to “Hold” rating. As per Monday, September 19, the company rating was downgraded by JP Morgan. The company was maintained on Monday, October 30 by JP Morgan. The stock has “Buy” rating by Citigroup on Wednesday, August 2. The firm has “Sell” rating by Needham given on Friday, September 8.

Investors sentiment decreased to 1.2 in Q1 2018. Its down 0.31, from 1.51 in 2017Q4. It is negative, as 23 investors sold RMD shares while 123 reduced holdings. 61 funds opened positions while 114 raised stakes. 87.19 million shares or 0.43% more from 86.81 million shares in 2017Q4 were reported. Stephens Invest Mngmt Grp Limited Liability Com accumulated 357,498 shares. Utd Cap Fin Advisers Limited Liability Corp has 132,552 shares. Ibm Retirement Fund holds 3,066 shares. Copeland Cap Mngmt Lc invested 0.69% of its portfolio in ResMed Inc. (NYSE:RMD). Korea Invest Corporation reported 33,121 shares. United Automobile Association reported 0.01% stake. 16,700 were accumulated by Caisse De Depot Et Placement Du Quebec. Avalon Advisors Lc, a Texas-based fund reported 20,177 shares. Orrstown Fincl has 172 shares for 0.02% of their portfolio. Visionary Asset Mgmt Inc has invested 0.08% in ResMed Inc. (NYSE:RMD). Cleararc Capital has 0.05% invested in ResMed Inc. (NYSE:RMD) for 3,647 shares. Advisory Net Llc accumulated 30 shares. New York-based Cibc Ww Corp has invested 0.03% in ResMed Inc. (NYSE:RMD). Great West Life Assurance Com Can reported 0.02% in ResMed Inc. (NYSE:RMD). Tru Co Of Vermont has 0% invested in ResMed Inc. (NYSE:RMD) for 380 shares.

Since January 9, 2018, it had 0 insider buys, and 9 sales for $7.68 million activity. GROB MATTHEW S sold $2.81 million worth of stock or 43,000 shares. 11,670 QUALCOMM Incorporated (NASDAQ:QCOM) shares with value of $618,603 were sold by Rosenberg Donald J. $852,989 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by AMON CRISTIANO R. $3.14 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) shares were sold by THOMPSON JAMES H.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Globenewswire.com which released: “Hagens Berman Alerts Investors in Qualcomm Incorporated (NASDAQ: QCOM) to the August 7, 2018 Securities Class …” on June 13, 2018, also Nasdaq.com with their article: “9 Augmented Reality Stocks to Enhance Your Portfolio” published on June 06, 2018, Businesswire.com published: “QCOM LOSS NOTICE: Rosen Law Firm Reminds Qualcomm Incorporated Investors of Important Deadline in Class …” on June 19, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “The Technology Sector is the Most at Risk from a US-China Trade War” published on June 21, 2018 as well as Digitaljournal.com‘s news article titled: “NASDAQ:QCOM Shareholder Notice: Lawsuit Alleges Misleading Statements by QUALCOMM Incorporated” with publication date: June 20, 2018.

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. 12,864 were reported by Argent. 261,100 are held by Virginia Retirement Systems Et Al. 8,655 are held by Eagle Asset Mngmt. Insight 2811 invested 0.62% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Zurcher Kantonalbank (Zurich Cantonalbank) has 313,814 shares. Farmers Comml Bank reported 0.01% in QUALCOMM Incorporated (NASDAQ:QCOM). Reilly Limited Company, a California-based fund reported 10,341 shares. Bp Pcl invested 0.34% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Thompson Siegel Walmsley accumulated 241,185 shares or 0.16% of the stock. Keystone Financial Planning invested in 3.08% or 99,692 shares. Capital Guardian Tru reported 534,578 shares or 0.42% of all its holdings. Kistler has 0.09% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 3,873 shares. First Allied Advisory Svcs accumulated 104,188 shares. Farmers Tru invested in 0.08% or 4,619 shares. Fjarde Ap invested in 420,020 shares.

ResMed Inc. (NYSE:RMD) Institutional Positions Chart

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