Integrated Advisors Network LLC has made a significant change in the structure of its investments, cutting on its Qualcomm Incorporated (QCOM, Financial). According to its most recent 13F filing with the SEC, the company cut its holdings in the technology conglomerate stock by almost half during the third quarter.
The transaction involved selling 18,641 shares while the firm retained 20,353 valued at about $3.46 million. This change occurs against the background of several institutional investors changing their portfolios with reference to QUALCOMM. Most importantly, Matrix Capital Management Company LP has established a huge new position in the first quarter, investing approximately $1.17 billion. At the same time, Massachusetts Financial Services Co. MA boosted its shareholdings by 1,778.7% in the second quarter, owning more than 3,200 thousand shares valued at about $641,224,000.Another large movement is International Assets Investment Management LLC, which has increased its stake by an extraordinary 17,357.3% at the value of $499,320,948 in 2,939,400 shares in the third quarter.
Moreover, another investor known as Maj Invest Holding A/S came to the list and bought a new stake in GILD with a share worth $229.08 million. In trading news, QUALCOMM's stock started at 176.00 in Wednesday's trading session. The company's shares have addressed a 52-week range of $106.18 to $230.63. The stock's fifty-day moving average is $169.19; its two-hundred-day moving average is $182.17. As of March 2018, Qualcomm is the market leader in semiconductors, with a market capitalization of 196.06 billion, a P/E ratio of 22.80, and a P/E/G ratio of 1.71.
