Qualcomm Inc (NASDAQ:QCOM) Stock Sentiment Worsens

Elias Hubbard
January 13, 2018

Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company's stock valued at $160,000 after buying an additional 842 shares in the last quarter. The institutional investor held 88,627 shares of the major banks company at the end of 2017Q3, valued at $8.46 million, up from 2,745 at the end of the previous reported quarter. The company has a market capitalization of $96,450.00, a price-to-earnings ratio of 39.65, a price-to-earnings-growth ratio of 1.89 and a beta of 1.39. The stock increased 2.14% or $5.41 during the last trading session, reaching $258.32. About 240,557 shares traded. "Stock Has Fallen into a Lose-Lose Situation" published on January 12, 2018, Bloomberg.com published: "Apple Sanctioned in Qualcomm FTC Case Over Withheld Evidence" on December 22, 2017. It has outperformed by 26.23% the S&P500.

Notis-Mcconarty Edward decreased its stake in Qualcomm (QCOM) by 25.89% based on its latest 2017Q3 regulatory filing with the SEC. South Texas Money Limited accumulated 0.03% or 5,808 shares. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.80 billion. The stock decreased 0.20% or $0.13 during the last trading session, reaching $65.3. About 381,845 shares traded.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 1st. It has underperformed by 7.39% the S&P500. Its down 0.31, from 1.94 in 2017Q2. 77 funds opened positions while 137 raised stakes. Veritas Asset Management Limited Liability Partnership has 13.43 million shares for 5.69% of their portfolio. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81. Hanseatic Mgmt has invested 0.09% in Comerica Incorporated (NYSE:CMA). (NASDAQ:ALGN) for 259,906 shares.

Forbes J M & Co Llp, which manages about $588.17M and $400.95 million US Long portfolio, decreased its stake in Adobe Sys Inc (NASDAQ:ADBE) by 21,226 shares to 80,641 shares, valued at $12.03M in 2017Q3, according to the filing. Jpmorgan Chase owns 202,147 shares or 0% of their USA portfolio. Nationwide Fund Advsrs has invested 0.01% in Invacare Corporation (NYSE:IVC). Manning Napier Advisors Ltd Liability Com reported 248,611 shares. (NASDAQ:ALGN) for 2,450 shares. Artisan Partners Limited Partnership now owns 9,732,445 shares of the wireless technology company's stock worth $537,426,000 after purchasing an additional 288,413 shares during the period. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.53 per share. Blackrock Inc reported 1.82M shares. Invesco holds 0.47% or 24.42M shares. Bsw Wealth Prtnrs stated it has 0.37% of its portfolio in JPMorgan Chase & Co. Therefore 60% are positive. The firm has "Hold" rating by BMO Capital Markets given on Monday, August 21. The firm has "Buy" rating given on Friday, June 23 by Northland Capital. The stock has "Neutral" rating by Nomura on Monday, November 9. The company was maintained on Thursday, September 29 by Argus Research. The stock of Gerdau S.A. (NYSE:GGB) has "Hold" rating given on Thursday, September 7 by Credit Suisse. Stifel Nicolaus maintained Align Technology, Inc. (NASDAQ:QCOM) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. Susquehanna has "Buy" rating and $6700 target. The stock of Align Technology, Inc. The firm has "Overweight" rating given on Friday, December 4 by Pacific Crest.

Analysts await Sterling Construction Company, Inc. (NASDAQ:ALGN) to report earnings on January, 30. QCOM's profit will be $1.14B for 21.20 P/E if the $0.77 EPS becomes a reality. Clifford Swan Investment Counsel LLC now owns 261,257 shares of the wireless technology company's stock valued at $14,980,000 after acquiring an additional 1,851 shares during the last quarter. It also reduced its holding in Eog Res Inc (NYSE:EOG) by 13,565 shares in the quarter, leaving it with 10,205 shares, and cut its stake in Chevron Corp New (NYSE:CVX). One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Therefore 42% are positive. QCOM was included in 122 notes of analysts from July 23, 2015. The company's quarterly revenue was down 3.5% compared to the same quarter last year. sell-side analysts forecast that QUALCOMM, Inc. will post 3.07 earnings per share for the current year. Morgan Stanley downgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, November 10 to "Equal-Weight" rating. QUALCOMM presently has an average rating of "Hold" and an average target price of $66.06. The company was maintained on Thursday, July 23 by Oppenheimer. Stifel Nicolaus reaffirmed a "buy" rating on shares of QUALCOMM in a report on Thursday, October 12th. The stock has "Outperform" rating by CLSA on Tuesday, May 17. BMO Capital Markets raised QUALCOMM from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $53.00 to $70.00 in a report on Friday, October 28th. Wells Fargo maintained Comerica Incorporated (NYSE:CMA) rating on Thursday, August 10.

Since January 1, 0001, it had 0 buys, and 5 insider sales for $3.11 million activity.

QCOM has been the topic of several recent research reports.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.13, from 0.98 in 2017Q2. It turned negative, as 83 investors sold QCOM shares while 490 reduced holdings. Middleton & Ma reported 88,300 shares stake. The New York-based Jefferies Limited Liability has invested 0.06% in QUALCOMM Incorporated (NASDAQ:QCOM). Shell Asset Mngmt Communication has invested 0.6% in QUALCOMM Incorporated (NASDAQ:QCOM). Advisors Ltd owns 0.01% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 451 shares. Moors And Cabot has 0.26% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Paloma reported 107,325 shares. Fincl Architects has invested 0.1% in QUALCOMM Incorporated (NASDAQ:QCOM). 570,144 are held by Acadian Asset Mngmt Ltd Liability. Hartford Inv Mgmt Comm holds 0.37% or 383,107 shares. Maltese Lc stated it has 1.35% of its portfolio in Comerica Incorporated (NYSE:CMA). First Personal Svcs reported 5,516 shares. Engineers Gate Manager Lp invested in 52,387 shares.

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