Qualcomm (QCOM) Shareholder Bartlett & Co Decreased Its Position as Valuation Rose; As Marvell Technology Group LTD (MRVL) Stock Rose, Holder Zweig-Dimenna Associates Has Boosted Its Position

Marvell Technology Group Ltd. (NASDAQ:MRVL) Logo

Zweig-Dimenna Associates Llc increased its stake in Marvell Technology Group Ltd (MRVL) by 55.33% based on its latest 2019Q1 regulatory filing with the SEC. Zweig-Dimenna Associates Llc bought 150,585 shares as the company’s stock rose 19.75% with the market. The hedge fund held 422,767 shares of the semiconductors company at the end of 2019Q1, valued at $8.41M, up from 272,182 at the end of the previous reported quarter. Zweig-Dimenna Associates Llc who had been investing in Marvell Technology Group Ltd for a number of months, seems to be bullish on the $16.79B market cap company. The stock increased 2.05% or $0.51 during the last trading session, reaching $25.4. About 5.47 million shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 5.34% since July 14, 2018 and is uptrending. It has outperformed by 0.91% the S&P500. Some Historical MRVL News: 27/03/2018 – Marvell Announces Integration of Industry’s First Secure Automotive Ethernet Switch into NVIDIA DRIVE Pegasus Platform for Leve; 25/05/2018 – San Jose Bus Jrn: Exclusive: Here’s the privacy-protecting cloud storage idea Marvell’s co-founder is about to unveil; 19/03/2018 – Cavium™ Technologies Power End-to-End NVMe over Fabrics Solutions; 09/03/2018 – MARVELL TECHNOLOGY GROUP LTD MRVL.O : MORGAN STANLEY RAISES TARGET PRICE TO $23 FROM $22; 24/05/2018 – MARVELL: CFIUS FOUND NO UNRESOLVED NATL SECURITY CONCERNS; 20/03/2018 – ColorChip Joins Open Compute Project with Platinum Membership and Announces 200G QSFP56 FR4 Beta Transceiver Demonstration in Collaboration with Marvell; 09/03/2018 – Marvell Tech Short-Interest Ratio Rises 60% to 7 Days; 08/03/2018 – MARVELL TECH 4Q NET REV. $615M, EST. $611.0M; 08/03/2018 – Marvell Technology 4Q EPS 10c; 11/04/2018 – Heavy options activity in Anadarko Petroleum and Marvell Technology, according to traders Jon and Pete Najarian

Bartlett & Co decreased its stake in Qualcomm Inc (QCOM) by 64.87% based on its latest 2019Q1 regulatory filing with the SEC. Bartlett & Co sold 278,381 shares as the company’s stock rose 67.20% with the market. The institutional investor held 150,740 shares of the radio and television broadcasting and communications equipment company at the end of 2019Q1, valued at $8.60M, down from 429,121 at the end of the previous reported quarter. Bartlett & Co who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $91.06B market cap company. The stock increased 1.61% or $1.19 during the last trading session, reaching $74.9. About 7.08M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 52.03% since July 14, 2018 and is uptrending. It has outperformed by 47.60% the S&P500. Some Historical QCOM News: 05/03/2018 – QUALCOMM CEO IS SAID TO HAVE RECEIVED 2ND FEWEST VOTES SO FAR; 09/03/2018 – Republican lawmakers backed a U.S. panel’s decision to delay Qualcomm’s shareholder meeting to allow for a more extensive review of Broadcom’s takeover bid; 06/03/2018 – NEW YORK/LONDON (Financial Times) — A secretive US national security committee has issued an unusual public warning against Broadcom’s proposed $142bn hostile takeover of San Diego-based Qualcomm, saying that a deal might lead to China overtaking the US in critical 5G technology; 27/03/2018 – Australian Gov: WIPO PUBLISHES PATENT OF QUALCOMM FOR “METHOD AND APPARATUS FOR ENABLEMENT OF LOCATION DATA SOURCES DURING; 15/03/2018 – With One Battle Over, a Bigger One Looms for Qualcomm: Apple; 13/03/2018 – Democratic Leader Chuck Schumer said the Trump administration made the right call blocking Broadcom’s bid to buy Qualcomm; 18/04/2018 – QUALCOMM OFFERED AFFECTED EMPLOYEES SUPPORTIVE SEVERANCE PLANS; 12/03/2018 – Broadcom Says It Strongly Disagrees That Proposed Qualcomm Deal Raises Any National Security Concerns; 13/03/2018 – Even With Takeover Bid Blocked, Qualcomm `Is in a Tight Spot’; 15/03/2018 – REFILE-Former Qualcomm chairman Jacobs seeking funds to buy out the chipmaker -FT

Investors sentiment increased to 1.21 in 2019 Q1. Its up 0.28, from 0.93 in 2018Q4. It is positive, as 37 investors sold MRVL shares while 97 reduced holdings. 48 funds opened positions while 114 raised stakes. 647.93 million shares or 6.17% more from 610.28 million shares in 2018Q4 were reported. Fisher Asset Mngmt Ltd Limited Liability Company invested in 1.88 million shares or 0.04% of the stock. World Asset Mngmt stated it has 29,467 shares. Plante Moran Advsrs Ltd Limited Liability Company holds 0% or 165 shares in its portfolio. 480,516 are held by Crosslink Cap. Penn Mngmt Company Incorporated stated it has 0.35% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Bankshares Of Ny Mellon Corp has invested 0.04% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Washington Management stated it has 16,000 shares. Eaton Vance, a Massachusetts-based fund reported 179,568 shares. Macquarie Gru, Australia-based fund reported 79,100 shares. Balyasny Asset Lc, a Illinois-based fund reported 818,994 shares. Baystate Wealth Ltd Liability Company has 70 shares for 0% of their portfolio. Advisory Svcs Network Ltd Co reported 1,817 shares. Caisse De Depot Et Placement Du Quebec owns 18,200 shares. Epoch Ptnrs stated it has 11.10M shares or 0.96% of all its holdings. Adage Cap Ptnrs invested 0.12% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL).

More notable recent Marvell Technology Group Ltd. (NASDAQ:MRVL) news were published by: Nasdaq.com which released: “Notable Wednesday Option Activity: IDCC, MRVL, WEX – Nasdaq” on April 17, 2019, also Nasdaq.com with their article: “Marvell (MRVL) Q3 Earnings & Revenues Outpace Estimates – Nasdaq” published on December 05, 2018, Livetradingnews.com published: “The Street’s Key Stock Analysts Research Reports – Live Trading News” on June 20, 2019. More interesting news about Marvell Technology Group Ltd. (NASDAQ:MRVL) were released by: Seekingalpha.com and their article: “Marvell up slightly as revenues top high estimates – Seeking Alpha” published on May 30, 2019 as well as Seekingalpha.com‘s news article titled: “Marvell: Continued Re-Positioning Through M&A – Seeking Alpha” with publication date: June 03, 2019.

Zweig-Dimenna Associates Llc, which manages about $1.59 billion and $898.78 million US Long portfolio, decreased its stake in New Oriental Ed & Tech Grp I (NYSE:EDU) by 4,000 shares to 64,000 shares, valued at $5.77M in 2019Q1, according to the filing. It also reduced its holding in Netflix Inc (NASDAQ:NFLX) by 13,905 shares in the quarter, leaving it with 71,394 shares, and cut its stake in Xilinx Inc (NASDAQ:XLNX).

Bartlett & Co, which manages about $3.31 billion and $2.61 billion US Long portfolio, upped its stake in United Parcel Service Inc. (NYSE:UPS) by 5,160 shares to 42,278 shares, valued at $4.72 million in 2019Q1, according to the filing. It also increased its holding in Jpmorgan Chase & Co (NYSE:JPM) by 132,552 shares in the quarter, for a total of 226,438 shares, and has risen its stake in American Tower Reit Inc (NYSE:AMT).

Since February 11, 2019, it had 0 buys, and 2 insider sales for $4.06 million activity.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Nasdaq.com which released: “Qualcomm (QCOM) 2nd Quarter Earnings: What to Expect – Nasdaq” on May 01, 2019, also Seekingalpha.com with their article: “Qualcomm asks appeals court to pause antitrust ruling’s impact – Seeking Alpha” published on July 09, 2019, Seekingalpha.com published: “NVDA, AMD among premarket gainers – Seeking Alpha” on July 01, 2019. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Realmoney.Thestreet.com and their article: “Qualcomm Shares Some More About its 5G RF Chip Progress – TheStreet.com” published on June 22, 2019 as well as Nasdaq.com‘s news article titled: “Qualcomm Wins EU Connected Car Battle, 5G Standard on the Way – Nasdaq” with publication date: July 05, 2019.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on July, 24. They expect $0.62 EPS, down 31.87% or $0.29 from last year’s $0.91 per share. QCOM’s profit will be $753.73M for 30.20 P/E if the $0.62 EPS becomes a reality. After $0.61 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts 1.64% EPS growth.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.