Are Analysts Bullish QUALCOMM Incorporated (NASDAQ:QCOM) After Last Week?

Doug Mendoza
December 4, 2017

The First City Capital Management Inc holds 17,960 shares with $992,000 value, up from 12,360 last quarter. Shufro Rose & Co Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $96.54 billion market cap company.

Shares of QUALCOMM (NASDAQ:QCOM) traded down $0.85 during mid-day trading on Friday, reaching $65.49. Capital International Investors now owns 15,132,794 shares of the wireless technology company's stock valued at $835,633,000 after acquiring an additional 5,671,176 shares during the period.

Media stories about QUALCOMM (NASDAQ:QCOM) have trended somewhat positive on Friday, AlphaOne reports. It has underperformed by 7.39% the S&P500.

Ameriprise Financial Inc decreased Eqt Corp (EQT) stake by 71.3% reported in 2017Q2 SEC filing. Wesbanco Bank Inc sold 20,092 shares as Alibaba Group Holding Ltd (BABA)'s stock rose 22.58%. Da Davidson & Co reported 614,768 shares or 0.77% of all its holdings. Insiders sold a total of 29,427 shares of company stock worth $1,827,995 over the last ninety days. About 26.78M shares traded or 48.38% up from the average. The business's revenue was down 3.5% compared to the same quarter last year. sell-side analysts predict that QUALCOMM will post 3.07 earnings per share for the current year. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the company's stock. Therefore 100% are positive.

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Suntrust Banks Inc. grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. RBC Capital Markets maintained the stock with "Outperform" rating in Thursday, November 5 report. Sfe Invest Counsel has invested 3.01% in QUALCOMM Incorporated (NASDAQ:QCOM). The rating was downgraded by HSBC on Thursday, May 26 to "Neutral". As per Monday, July 27, the company rating was upgraded by Morgan Stanley. Rosenblatt downgraded it to "Neutral" rating and $56 target in Wednesday, April 19 report. Canaccord Genuity maintained the stock with "Buy" rating in Thursday, July 21 report. The company was maintained on Tuesday, October 31 by Mizuho. As per Monday, November 13, the company rating was maintained by Bernstein. Lincoln Natl Corp invested 0.01% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM).

Investors sentiment decreased to 0.98 in 2017 Q2. FCA Corp TX boosted its stake in shares of QUALCOMM by 0.9% during the 1st quarter. 107 funds opened positions while 451 raised stakes. Lord Abbett & Communications Limited Liability, New Jersey-based fund reported 3.25M shares. Mufg Americas Corporation invested in 116,849 shares or 0.21% of the stock. Telemus Capital Ltd Liability Company, a Michigan-based fund reported 7,784 shares. 213,000 are owned by Bp Public Ltd. Los Angeles Capital Mngmt And Equity Rech holds 0.23% in QUALCOMM Incorporated (NASDAQ:QCOM) or 662,434 shares. Ameriprise Fin accumulated 10.70 million shares. Vanguard Inc holds 0.28% or 103.48M shares in its portfolio. LLC grew its stake in shares of QUALCOMM by 0.5% in the 2nd quarter. Pekin Singer Strauss Asset Management Il accumulated 0.09% or 10,817 shares. Amalgamated Bancorporation owns 166,653 shares or 0.3% of their USA portfolio. After $0.12 actual EPS reported by EQT Corporation for the previous quarter, Wall Street now forecasts 150.00% EPS growth. Nelson Roberts Advisors Ltd Limited Liability Company invested in 1.74% or 92,910 shares. Wells Fargo And Mn invested in 0.26% or 14.53M shares. Indiana-based Kessler Inv Grp has invested 0% in QUALCOMM Incorporated (NASDAQ:QCOM). It also upped Nike Inc Class B (NYSE:NKE) stake by 8,053 shares and now owns 38,448 shares. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned "Equal-Weight" rating by Barclays Capital on Monday, March 28. Oppenheimer maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, July 23. The stock of Helmerich & Payne, Inc. The rating was downgraded by BMO Capital Markets on Friday, July 15 to "Underperform". The rating was maintained by Topeka Capital Markets with "Hold" on Wednesday, December 16. The stock has "Buy" rating by Canaccord Genuity on Wednesday, October 12. The firm earned "Buy" rating on Thursday, August 27 by TheStreet. BMO Capital Markets restated a "market perform" rating on shares of QUALCOMM in a report on Sunday, May 21st. CLSA initiated the shares of QCOM in report on Tuesday, May 17 with "Outperform" rating. The company was upgraded on Monday, August 24 by Standpoint Research. (NYSE:HP) earned "Neutral" rating by Macquarie Research on Wednesday, September 9. Stifel Nicolaus reiterated a "buy" rating on shares of QUALCOMM in a report on Thursday, October 12th.

Investors sentiment decreased to 1.08 in 2017 Q2. Its down 0.14, from 1.02 in 2017Q1. It turned negative, as 67 investors sold CTL shares while 185 reduced holdings. 1,300 are owned by Viking Fund Management Ltd Liability Com. Martin And Tn holds 0.6% or 35,220 shares in its portfolio. Brown Advisory Inc invested in 0% or 9,860 shares. Mirador Capital Prtn Lp has invested 1.51% of its portfolio in CenturyLink, Inc. (NYSE:HP) for 79,906 shares. Calamos Advsrs Limited Company holds 1.29% or 2.60 million shares in its portfolio. Assetmark Inc has invested 0% in EQT Corporation (NYSE:EQT). (NYSE:HP). Bank Of America De has 325,527 shares for 0% of their portfolio. Hollencrest Securities LLC now owns 4,356 shares of the wireless technology company's stock worth $241,000 after purchasing an additional 40 shares during the period.

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