As Qualcomm (Call) (QCOM) Share Price Rose, Peak Asset Management Cut Its Holding by $703,250; As Autozone (AZO) Stock Value Declined, Shareholder Glenmede Trust Company Na Raised Position

February 17, 2018 - By Marie Mckinney

Peak Asset Management Llc decreased its stake in Qualcomm Inc (Call) (QCOM) by 99.29% based on its latest 2017Q3 regulatory filing with the SEC. Peak Asset Management Llc sold 14,065 shares as the company’s stock rose 2.14% with the market. The hedge fund held 100 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $5,000, down from 14,165 at the end of the previous reported quarter. Peak Asset Management Llc who had been investing in Qualcomm Inc (Call) for a number of months, seems to be less bullish one the $96.00 billion market cap company. The stock decreased 0.66% or $0.43 during the last trading session, reaching $64.85. About 11.76M shares traded or 8.09% up from the average. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since February 17, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Glenmede Trust Company Na increased its stake in Autozone Inc (AZO) by 37.02% based on its latest 2017Q3 regulatory filing with the SEC. Glenmede Trust Company Na bought 890 shares as the company’s stock declined 9.10% while stock markets rallied. The institutional investor held 3,294 shares of the consumer services company at the end of 2017Q3, valued at $1.96 million, up from 2,404 at the end of the previous reported quarter. Glenmede Trust Company Na who had been investing in Autozone Inc for a number of months, seems to be bullish on the $19.53B market cap company. The stock decreased 1.46% or $10.55 during the last trading session, reaching $714.05. About 360,652 shares traded. AutoZone, Inc. (NYSE:AZO) has declined 10.95% since February 17, 2017 and is downtrending. It has underperformed by 27.65% the S&P500.

Since August 20, 2017, it had 0 insider purchases, and 5 selling transactions for $2.92 million activity. $245,919 worth of stock was sold by STERLING MICHELLE M on Sunday, August 20. Another trade for 43,000 shares valued at $2.81M was made by GROB MATTHEW S on Tuesday, January 9.

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. JP Morgan upgraded the stock to “Overweight” rating in Thursday, December 17 report. On Thursday, November 5 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was downgraded by Wells Fargo to “Hold” on Monday, November 6. Mizuho maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, July 21 with “Neutral” rating. The rating was maintained by Charter Equity with “Hold” on Tuesday, February 13. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Underperform” rating by CLSA on Monday, January 23. RBC Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Friday, September 29 with “Hold” rating. The firm has “Buy” rating by Nomura given on Monday, October 31. The rating was maintained by Mizuho with “Neutral” on Thursday, November 5. The rating was maintained by Argus Research with “Buy” on Thursday, January 14.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.13, from 0.98 in 2017Q2. It is negative, 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. Susquehanna Int Gp Llp has 4.25 million shares. Country Tru Bank holds 356,224 shares or 0.84% of its portfolio. West Coast Financial Limited Liability Corporation has 0.06% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 4,251 shares. Marco Limited Liability Co accumulated 217,546 shares. Cls Invests Limited Com, Nebraska-based fund reported 62 shares. New York State Teachers Retirement Systems invested 0.31% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Excalibur has 12,577 shares for 0.55% of their portfolio. Amer Bankshares, Texas-based fund reported 3,637 shares. Cap Intll Ca stated it has 0.06% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Voya Management Limited Com holds 0.17% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 1.50 million shares. Accuvest Global has invested 0% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Bridges Inv Management holds 77,607 shares. Miller Howard Invests New York owns 1.18M shares. First Long Island Investors Ltd stated it has 292,238 shares. Schroder Mgmt Grp holds 0.41% or 4.57 million shares.

Glenmede Trust Company Na, which manages about $22.82 billion US Long portfolio, decreased its stake in Coresite Realty Corp (NYSE:COR) by 4,719 shares to 4,741 shares, valued at $530,000 in 2017Q3, according to the filing. It also reduced its holding in Axis Capital Holdings Ltd (NYSE:AXS) by 20,310 shares in the quarter, leaving it with 809 shares, and cut its stake in Oxford Inds Inc Com (NYSE:OXM).

Since September 28, 2017, it had 0 insider purchases, and 6 insider sales for $14.41 million activity. $7.82 million worth of AutoZone, Inc. (NYSE:AZO) was sold by Graves William W. The insider MCKENNA WILLIAM ANDREW sold 3,000 shares worth $1.75M. Shares for $2.05M were sold by Smith Richard Craig on Thursday, January 4. Daniele Philip B. sold $577,472 worth of AutoZone, Inc. (NYSE:AZO) on Friday, January 12.

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