First Foundation Advisors Stake in Qualcomm (QCOM) Has Increased as Share Price Rose; Mogy Joel R Investment Counsel Position in Medtronic Plc (MDT) Lowered by $770,000 as Share Value Rose

February 19, 2018 - By Hazel Jackson

Mogy Joel R Investment Counsel Inc decreased its stake in Medtronic Plc (MDT) by 47.57% based on its latest 2017Q3 regulatory filing with the SEC. Mogy Joel R Investment Counsel Inc sold 10,000 shares as the company’s stock rose 5.51% with the market. The institutional investor held 11,020 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $857,000, down from 21,020 at the end of the previous reported quarter. Mogy Joel R Investment Counsel Inc who had been investing in Medtronic Plc for a number of months, seems to be less bullish one the $112.76B market cap company. The stock increased 0.45% or $0.37 during the last trading session, reaching $83.31. About 6.86 million shares traded or 28.05% up from the average. Medtronic plc (NYSE:MDT) has risen 4.04% since February 19, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

First Foundation Advisors increased its stake in Qualcomm Inc (QCOM) by 14.37% based on its latest 2017Q3 regulatory filing with the SEC. First Foundation Advisors bought 37,489 shares as the company’s stock rose 2.14% with the market. The hedge fund held 298,361 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $15.47 million, up from 260,872 at the end of the previous reported quarter. First Foundation Advisors who had been investing in Qualcomm Inc for a number of months, seems to be bullish on 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 8.50% up from the average. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since February 19, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

First Foundation Advisors, which manages about $3.20B and $1.76B US Long portfolio, decreased its stake in Citigroup Inc (NYSE:C) by 27,646 shares to 7,109 shares, valued at $517,000 in 2017Q3, according to the filing. It also reduced its holding in Blackrock Taxable Municipal Bo (NYSE:BBN) by 23,813 shares in the quarter, leaving it with 100,162 shares, and cut its stake in Activision Blizzard Inc (NASDAQ:ATVI).

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. The stock has “Hold” rating by BMO Capital Markets on Monday, July 10. The stock has “Sector Perform” rating by RBC Capital Markets on Monday, October 3. The stock has “Hold” rating by RBC Capital Markets on Thursday, August 24. Mizuho maintained the shares of QCOM in report on Wednesday, January 17 with “Buy” rating. The rating was maintained by Canaccord Genuity on Monday, November 13 with “Buy”. The company was initiated on Tuesday, September 8 by JP Morgan. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, February 1. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Hold” rating given on Thursday, July 20 by Deutsche Bank. Topeka Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, January 28 with “Hold” rating. Canaccord Genuity maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, June 26 with “Buy” rating.

Since August 20, 2017, it had 0 buys, and 5 selling transactions for $2.92 million activity. $18,361 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by ROGERS ALEXANDER H. On Tuesday, January 9 GROB MATTHEW S sold $2.81M worth of QUALCOMM Incorporated (NASDAQ:QCOM) or 43,000 shares.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.13, from 0.98 in 2017Q2. It turned 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. Nomura Holdings accumulated 255,212 shares. Jasper Ridge LP invested in 4,400 shares or 0.01% of the stock. Great Lakes Advsr Ltd Liability holds 0.03% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 27,333 shares. Ray Gerald L And Assoc has 0.5% invested in QUALCOMM Incorporated (NASDAQ:QCOM). 50,219 are held by Segall Bryant And Hamill Limited Liability. 64,603 were accumulated by Livforsakringsbolaget Skandia Omsesidigt. 3,895 are owned by Round Table Ltd Liability. Clearbridge Limited Liability Co owns 0.03% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 628,378 shares. Sii Invests Wi owns 23,649 shares. Optimum Invest Advsrs stated it has 0.3% in QUALCOMM Incorporated (NASDAQ:QCOM). Moreover, Johnson Fin Gru has 0.22% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 31,929 shares. Bollard Group Ltd Liability invested in 1,178 shares or 0% of the stock. Raymond James Advsrs accumulated 0.1% or 315,742 shares. Raymond James Tru Na holds 0.53% or 143,070 shares. Tortoise Investment Management Limited Liability Company holds 175 shares or 0% of its portfolio.

Mogy Joel R Investment Counsel Inc, which manages about $766.81 million and $601.17 million US Long portfolio, upped its stake in Equinix Inc (NASDAQ:EQIX) by 4,882 shares to 6,707 shares, valued at $2.99 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (IJR) by 8,035 shares in the quarter, for a total of 39,508 shares, and has risen its stake in Accenture Plc Ireland (NYSE:ACN).

Among 28 analysts covering Medtronic (NYSE:MDT), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Medtronic had 79 analyst reports since August 10, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, July 18 report. UBS maintained Medtronic plc (NYSE:MDT) rating on Friday, February 17. UBS has “Buy” rating and $94 target. The firm has “Buy” rating by Needham given on Tuesday, July 18. The firm has “Buy” rating by Oppenheimer given on Tuesday, July 18. The stock has “Buy” rating by Oppenheimer on Monday, June 26. The firm has “Neutral” rating given on Tuesday, January 3 by JP Morgan. The stock of Medtronic plc (NYSE:MDT) has “Buy” rating given on Tuesday, November 21 by Needham. The stock has “Buy” rating by RBC Capital Markets on Sunday, August 20. SunTrust maintained the shares of MDT in report on Friday, November 17 with “Buy” rating. Needham maintained the stock with “Buy” rating in Monday, October 9 report.

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