Qualcomm (QCOM) Market Valuation Declined While Rnc Capital Management Has Boosted Position by $742,080; Capital Research Global Investors Holding in Markel (MKL) Decreased as Share Value Rose

April 21, 2018 - By Michael Collier

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Rnc Capital Management Llc increased its stake in Qualcomm Inc (QCOM) by 1.77% based on its latest 2017Q4 regulatory filing with the SEC. Rnc Capital Management Llc bought 11,595 shares as the company’s stock declined 15.28% with the market. The institutional investor held 668,424 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $42.79 million, up from 656,829 at the end of the previous reported quarter. Rnc Capital Management Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $76.15 billion market cap company. The stock decreased 2.15% or $1.13 during the last trading session, reaching $51.44. About 10.81M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 21, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Capital Research Global Investors decreased its stake in Markel Corp (MKL) by 17.63% based on its latest 2017Q4 regulatory filing with the SEC. Capital Research Global Investors sold 60,016 shares as the company’s stock rose 1.98% while stock markets declined. The institutional investor held 280,325 shares of the property-casualty insurers company at the end of 2017Q4, valued at $319.33M, down from 340,341 at the end of the previous reported quarter. Capital Research Global Investors who had been investing in Markel Corp for a number of months, seems to be less bullish one the $16.03 billion market cap company. The stock decreased 0.18% or $2.09 during the last trading session, reaching $1153.08. About 16,662 shares traded. Markel Corporation (NYSE:MKL) has risen 20.36% since April 21, 2017 and is uptrending. It has outperformed by 8.81% the S&P500.

Since October 27, 2017, it had 0 insider buys, and 6 sales for $6.14 million activity. Shares for $2.81M were sold by GROB MATTHEW S. 1,180 shares were sold by ROGERS ALEXANDER H, worth $78,989 on Tuesday, February 27.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 2 Sell and 19 Hold. Therefore 43% are positive. Qualcomm Inc. had 145 analyst reports since July 23, 2015 according to SRatingsIntel. As per Wednesday, April 4, the company rating was maintained by RBC Capital Markets. The stock has “Mkt Perform” rating by Charter Equity on Tuesday, January 24. On Thursday, July 20 the stock rating was maintained by Raymond James with “Hold”. The firm earned “Buy” rating on Monday, November 6 by UBS. The stock has “Equal-Weight” rating by Barclays Capital on Monday, March 28. On Wednesday, December 14 the stock rating was downgraded by JP Morgan to “Neutral”. Pacific Crest initiated it with “Overweight” rating and $64 target in Friday, December 4 report. The firm earned “Buy” rating on Monday, January 29 by RBC Capital Markets. Canaccord Genuity maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Wednesday, October 12. Canaccord Genuity has “Buy” rating and $75 target. The stock has “Outperform” rating by Cowen & Co on Wednesday, December 16.

Rnc Capital Management Llc, which manages about $4.08 billion and $1.44 billion US Long portfolio, decreased its stake in Schlumberger Ltd (NYSE:SLB) by 117,991 shares to 419,187 shares, valued at $28.25M in 2017Q4, according to the filing. It also reduced its holding in General Electric Company (NYSE:GE) by 30,497 shares in the quarter, leaving it with 35,128 shares, and cut its stake in Applied Materials Inc (NASDAQ:AMAT).

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.02, from 0.85 in 2017Q3. It is negative, 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. Kbc Nv reported 0.43% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Castleark Mngmt Limited Liability Co invested in 6,950 shares or 0.01% of the stock. Security National Bank Of Sioux City Iowa Ia reported 9,878 shares or 0.57% of all its holdings. Cutler Inv Counsel Ltd Liability Company stated it has 109,329 shares. Tctc Holdg Ltd Liability holds 0.85% in QUALCOMM Incorporated (NASDAQ:QCOM) or 252,386 shares. Shelton Mgmt holds 196,817 shares. Hanson Mcclain invested 0% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Parus Fin (Uk) reported 1.62% stake. Cap Advsrs Ok accumulated 198,032 shares. Pettee Invsts Inc stated it has 3,721 shares or 0.14% of all its holdings. Sector Pension Board holds 164,320 shares. Moreover, First City Mgmt has 0.78% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Hall Laurie J Trustee reported 0.33% in QUALCOMM Incorporated (NASDAQ:QCOM). Washington-based Saturna has invested 1.62% in QUALCOMM Incorporated (NASDAQ:QCOM). Financial has invested 0.01% in QUALCOMM Incorporated (NASDAQ:QCOM).

Among 5 analysts covering Markel Corporation (NYSE:MKL), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Markel Corporation had 13 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Friday, October 27 by SunTrust. On Wednesday, February 7 the stock rating was maintained by SunTrust with “Hold”. RBC Capital Markets maintained Markel Corporation (NYSE:MKL) rating on Monday, August 28. RBC Capital Markets has “Hold” rating and $1050.0 target. Boenning & Scattergood maintained Markel Corporation (NYSE:MKL) rating on Wednesday, July 26. Boenning & Scattergood has “Buy” rating and $105000 target. The rating was upgraded by William Blair on Monday, March 19 to “Buy”. The stock of Markel Corporation (NYSE:MKL) earned “Hold” rating by RBC Capital Markets on Monday, July 10. The firm has “” rating by RBC Capital Markets given on Friday, August 7. RBC Capital Markets maintained it with “Hold” rating and $1050.0 target in Monday, October 2 report. As per Thursday, July 27, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating by RBC Capital Markets given on Wednesday, February 7.

Capital Research Global Investors, which manages about $340.76B US Long portfolio, upped its stake in Equifax Inc (NYSE:EFX) by 1.54 million shares to 4.10M shares, valued at $483.77M in 2017Q4, according to the filing. It also increased its holding in Lamb Weston Holdings Inc by 3.50 million shares in the quarter, for a total of 12.09M shares, and has risen its stake in Enbridge Inc (NYSE:ENB).

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.09, from 1.17 in 2017Q3. It turned negative, as 23 investors sold MKL shares while 123 reduced holdings. 43 funds opened positions while 114 raised stakes. 10.50 million shares or 0.60% more from 10.44 million shares in 2017Q3 were reported. Bnp Paribas Asset Management Holding stated it has 0.03% in Markel Corporation (NYSE:MKL). Ironwood Inv Counsel Limited holds 1.07% or 2,538 shares in its portfolio. Moreover, Com Of Vermont has 0.05% invested in Markel Corporation (NYSE:MKL). Twin Tree Mgmt LP stated it has 0% of its portfolio in Markel Corporation (NYSE:MKL). Cetera Advisor Lc accumulated 0.01% or 257 shares. Chevy Chase Hldgs accumulated 625 shares or 0% of the stock. Paloma Prns Mngmt Com holds 0% or 202 shares. Manufacturers Life Ins Communication The owns 0% invested in Markel Corporation (NYSE:MKL) for 533 shares. Texas Yale Corporation stated it has 1,270 shares. Raymond James Tru Na invested in 502 shares or 0.04% of the stock. Invesco Limited invested in 35,118 shares. Bares Cap Mngmt Incorporated holds 127,627 shares. Robeco Institutional Asset Mngmt Bv holds 444 shares or 0% of its portfolio. Marathon Asset Limited Liability Partnership has invested 0.68% in Markel Corporation (NYSE:MKL). Amp Cap Invsts Limited holds 0.02% or 3,938 shares in its portfolio.

Analysts await Markel Corporation (NYSE:MKL) to report earnings on April, 25. They expect $8.71 earnings per share, up 208.87% or $5.89 from last year’s $2.82 per share. MKL’s profit will be $121.06 million for 33.10 P/E if the $8.71 EPS becomes a reality. After $6.64 actual earnings per share reported by Markel Corporation for the previous quarter, Wall Street now forecasts 31.17% EPS growth.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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