Destination Wealth Management Acquires 9799 Shares of QUALCOMM, Inc. (QCOM)

Marco Green
April 16, 2018

141,655 shares were sold by Stewart & Patten Co Llc as the company's stock declined 15.28% with the market. Capital International Investors now owns 21,455,439 shares of the wireless technology company's stock worth $1,112,250,000 after buying an additional 6,322,645 shares during the period. Aimz Investment Advisors Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $82.50 billion market cap company. Following the completion of the sale, the executive vice president now directly owns 136,482 shares in the company, valued at approximately $8,551,962.12. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 16, 2017 and is downtrending. It has underperformed by 14.76% the S&P500. Addenda Capital Inc sold 20,910 shares as the company's stock declined 0.36% with the market. Connors Investor Services Inc. now owns 73,995 shares of the wireless technology company's stock valued at $4,086,000 after acquiring an additional 1,195 shares in the last quarter. The firm has a market cap of $81,716.04, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 1.72 and a beta of 1.44.

Morgan Stanley (MS) ended its previous trading session at $52.98 with the Loss of -1.62%. The Descartes Systems Group Inc (NASDAQ:DSGX) has risen 22.10% since April 16, 2017 and is uptrending. It has outperformed by 6.18% the S&P500. Vetr lowered QUALCOMM from a "strong-buy" rating to a "buy" rating and set a $76.04 price objective for the a research report on Tuesday, November 22nd. The wireless technology company reported $1.19 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.18 by $0.01. QCOM's profit will be $814.19M for 25.33 P/E if the $0.55 EPS becomes a reality.

Investors sentiment decreased to 0.83 in Q4 2017. It has change of 0.02, from 2017Q3's 0.85. The ratio worsened due to QCOM positioning: 89 sold and 518 reduced. 160 funds opened positions while 346 raised stakes. They set a "neutral" rating and a $58.00 price objective for the company. Loring Wolcott & Coolidge Fiduciary Advisors Ltd Liability Partnership Ma owns 2,800 shares.

Shares of NASDAQ:QCOM traded up $0.53 during trading on Thursday, hitting $55.73. During the same quarter in the previous year, the company earned $1.19 earnings per share. Johnson Fincl Grp holds 29,554 shares. Wilbanks Smith And Thomas Asset Mngmt Ltd reported 25,953 shares. 317,996 were accumulated by Piedmont Invest Advsr Lc. Soros Fund Limited Liability Co stated it has 154,800 shs or 0.23% of all its holdings. Linscomb & Williams Inc stated it has 0.34% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Hl Svcs Llc invested in 0.08% or 62,966 shares. Birinyi holds 4,000 shares or 0.11% of its portfolio. Veritas Asset Management LLP lifted its stake in shares of QUALCOMM by 68.4% during the third quarter. Vanguard Inc accumulated 106.69 million shares. Bragg Advsrs has invested 0.44% of its capital in QUALCOMM Incorporated (NASDAQ:QCOM). In the last quarter, insiders sold 52,682 shares of company stock worth $3,306,030.

Trust Co. of Toledo NA OH boosted its holdings in QUALCOMM, Inc.

Total analysts of 20 have positions in Qualcomm Inc (NASDAQ:QCOM) as follows: 10 rated it a "Buy", 1 with "Sell" and 9 with "Hold". Therefore 63% are positive. QUALCOMM, Inc. has a 52 week low of $48.92 and a 52 week high of $69.28. The stock has an average rating of Hold and a consensus price target of $67.82.

QCOM has been the subject of several research analyst reports. The firm has "Hold" rating by Credit Suisse given on Thursday, January 18. On Wednesday, November 8 the stock has "Outperform" rating by RBC Capital Markets.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, January 31st. The company was upgraded on Monday, July 27 by Morgan Stanley. Keefe Bruyette & Woods maintained Associated Banc-Corp (NYSE:ASB) on Thursday, December 21 with "Hold" rating. As per Friday, June 23, the company rating was maintained by Northland Capital. The stock of General Electric Company (NYSE:GE) earned "Sell" rating by Deutsche Bank on Monday, September 11. On Tuesday, February 16 the stock rating was upgraded by JP Morgan to "Overweight". The shares were sold at an average price of $56.59, for a total value of $37,519.17. NXP Semiconductors NV had 66 analyst reports since August 3, 2015 according to SRatingsIntel. On Tuesday, February 13 the stock has "Hold" rating by Charter Equity. Barclays Capital maintained The Descartes Systems Group Inc (NASDAQ:DSGX) rating on Friday, May 27. As per Tuesday, September 6, the company rating was maintained by Mizuho. RBC Capital Markets maintained it with "Buy" rating and $32.0 target in Thursday, August 31 report. The rating was maintained by on Monday, October 10 with "Neutral". (NASDAQ:QCOM), 16 have Buy rating, 2 Sell and 19 Hold. Sandler O'Neill downgraded the stock to "Hold" rating in Thursday, October 6 report. The stock has been moved at 2.97 percent over the last six months and 4.38 percent during past year.

Abner Herrman & Brock Llc, which manages about $1.13 billion and $594.27M US Long portfolio, upped its stake in Wal (NYSE:WMT) by 7,677 shares to 11,105 shares, valued at $1.10 million in 2017Q4, according to the filing. Stifel Financial Corp lifted its stake in shares of QUALCOMM by 7,466.2% during the third quarter. After $0.27 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts -55.56% negative EPS growth. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. equities analysts anticipate that QUALCOMM, Inc. will post 2.8 EPS for the current year.

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