Voya Investment Management Has Lifted Ringcentral (RNG) Holding By $19.69 Million; Qualcomm (QCOM) Sentiment Is 0.98

August 28, 2017 - By Vivian Park

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access . The company has market cap of $76.25 billion. The Firm is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM) standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications. It has a 19.78 P/E ratio. The Company’s divisions include QCT (Qualcomm CDMA Technologies), QTL (Qualcomm Technology Licensing) and QSI (Qualcomm Strategic Initiatives).

Voya Investment Management Llc increased Ringcentral Inc (RNG) stake by 4204.44% reported in 2016Q4 SEC filing. Voya Investment Management Llc acquired 984,721 shares as Ringcentral Inc (RNG)’s stock rose 34.13%. The Voya Investment Management Llc holds 1.01 million shares with $20.77M value, up from 23,421 last quarter. Ringcentral Inc now has $2.95B valuation. The stock rose 1.59% or $0.6 reaching $38.45 per share. About 153,007 shares traded. RingCentral Inc (NYSE:RNG) has risen 80.85% since August 28, 2016 and is uptrending. It has outperformed by 64.15% the S&P500.

Ratings analysis reveals 38% of Qualcomm’s analysts are positive. Out of 13 Wall Street analysts rating Qualcomm, 5 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $59.0 while the high is $75.0. The stock’s average target of $68.83 is 33.24% above today’s ($51.66) share price. QCOM was included in 13 notes of analysts from September 6, 2016. Stifel Nicolaus maintained the shares of QCOM in report on Thursday, January 26 with “Buy” rating. Canaccord Genuity maintained QUALCOMM, Inc. (NASDAQ:QCOM) on Wednesday, October 12 with “Buy” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, November 10. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, December 14. The company was maintained on Tuesday, September 6 by Mizuho. RBC Capital Markets maintained QUALCOMM, Inc. (NASDAQ:QCOM) rating on Monday, October 3. RBC Capital Markets has “Sector Perform” rating and $70.0 target. The firm has “Neutral” rating by Citigroup given on Wednesday, December 21. The rating was upgraded by Rosenblatt to “Buy” on Thursday, January 12. As per Tuesday, January 24, the company rating was downgraded by Charter Equity. The stock of QUALCOMM, Inc. (NASDAQ:QCOM) earned “Underperform” rating by CLSA on Monday, January 23.

About 2.55M shares traded. QUALCOMM, Inc. (QCOM) has risen 9.31% since August 28, 2016 and is uptrending. It has underperformed by 7.39% the S&P500.

Qualcomm Inc De holds 56.34% of its portfolio in QUALCOMM, Inc. for 831,453 shares. Penn Davis Mcfarland Inc owns 550,164 shares or 9.85% of their US portfolio. Moreover, Orbis Investment Management (U.S.) Llc has 8.05% invested in the company for 171,931 shares. The California-based Private Asset Management Inc has invested 7.86% in the stock. Parus Finance (Uk) Ltd, a United Kingdom-based fund reported 538,010 shares.

Since January 1, 0001, it had 1 insider purchase, and 4 sales for $1.73 million activity.

Among 16 analysts covering RingCentral (NYSE:RNG), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. RingCentral had 36 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, July 13, the company rating was maintained by Oppenheimer. The company was downgraded on Thursday, August 10 by Robert W. Baird. The firm has “Equal-Weight” rating given on Thursday, December 17 by Morgan Stanley. Jefferies maintained the stock with “Buy” rating in Friday, May 26 report. The stock of RingCentral Inc (NYSE:RNG) has “Buy” rating given on Wednesday, August 2 by Jefferies. As per Tuesday, June 28, the company rating was initiated by Summit Redstone Partners. The company was downgraded on Thursday, July 20 by Morgan Stanley. Raymond James upgraded the stock to “Strong Buy” rating in Friday, July 31 report. The stock of RingCentral Inc (NYSE:RNG) has “Buy” rating given on Monday, May 29 by Jefferies. The firm has “Buy” rating by Craig Hallum given on Thursday, August 3.

Voya Investment Management Llc decreased First Rep Bk San Francisco C (NYSE:FRC) stake by 3,986 shares to 57,972 valued at $5.34M in 2016Q4. It also reduced Bristol Myers Squibb Co (NYSE:BMY) stake by 29,231 shares and now owns 799,259 shares. Twenty First Centy Fox Inc (NASDAQ:FOXA) was reduced too.

Since March 1, 2017, it had 0 insider buys, and 11 selling transactions for $14.64 million activity. Shares for $102,300 were sold by Marlow John H on Tuesday, May 23. $383,063 worth of stock was sold by Michelle McKenna on Tuesday, March 7. 88,454 shares were sold by Shmunis Vladimir, worth $3.02M. On Monday, June 12 Makagon Kira sold $346,800 worth of RingCentral Inc (NYSE:RNG) or 10,000 shares. Shares for $360,700 were sold by Shah Praful on Wednesday, June 14. HOSEIN CLYDE had sold 200,000 shares worth $6.42M on Friday, April 28.