Qualcomm (NASDAQ:QCOM) Sees Significant Growth in Short Interest

Marco Green
April 29, 2018

Peak Asset Management Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $74.71 billion market cap company. Dimensional Fund Advisors LP now owns 11,218,088 shares of the wireless technology company's stock valued at $581,538,000 after buying an additional 1,964,525 shares in the last quarter. About 7.67M shares traded. 10 has invested 3.15% of its capital in QUALCOMM Incorporated (NASDAQ:QCOM). It has underperformed by 14.76% the S&P500.

Pictet & Cie Europe Sa decreased its stake in Amazon Com Inc (AMZN) by 4.08% based on its latest 2017Q4 regulatory filing with the SEC. United Bank sold 35,042 shares as the company's stock declined 15.28% with the market. The institutional investor held 190,279 shares of the medical and dental instruments company at the end of 2017Q4, valued at $44.79 million, up from 182,979 at the end of the previous reported quarter. The stock decreased 1.26% or $0.67 during the last trading session, reaching $52.44. About 3.35 million shares traded or 14.05% up from the average. InfraREIT, Inc. (NYSE:REIT) has 0.00% since April 28, 2017 and is. It has outperformed by 52.20% the S&P500.

Pictet & Cie Europe Sa, which manages about $707.20M US Long portfolio, upped its stake in Procter And Gamble Co (NYSE:PG) by 37,420 shares to 169,303 shares, valued at $15.56M in 2017Q4, according to the filing.

Capital Guardian Trust Company decreased Nasdaq Inc (NASDAQ:NDAQ) stake by 4,000 shares to 213,700 valued at $16.42M in 2017Q4.

Since November 17, 2017, it had 0 buys, and 1 sale for $292,234 activity. Olsavsky Brian T sold $3.42 million worth of stock. $380,665 worth of Splunk Inc. (NASDAQ:AMZN) shares. WILKE JEFFREY A sold $387,475 worth of stock or 250 shares. GROB MATTHEW S also sold $2.81 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) shares. On Tuesday, April 3 STEIN LEONARD R sold $833,101 worth of Splunk Inc. Stifel Nicolaus has "Buy" rating and $35 target. Therefore 100% are positive. Liberty Interactive had 33 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of On Deck Capital, Inc. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has "Outperform" rating given on Friday, February 12 by Cowen & Co. The firm has "Buy" rating given on Tuesday, April 24 by CFRA. The company was maintained on Friday, August 14 by Canaccord Genuity. The firm earned "Buy" rating on Friday, January 5 by Citigroup. The rating was maintained by RBC Capital Markets on Sunday, November 5 with "Buy". The rating was upgraded by Northland Capital to "Outperform" on Friday, September 15. Its down 0.02, from 0.85 in 2017Q3. Capital International Investors grew its holdings in shares of Qualcomm by 41.8% in the 3rd quarter. 147 funds opened positions while 416 raised stakes. Veritas Asset Management LLP lifted its stake in Qualcomm by 68.4% in the 3rd quarter. During the same quarter in the prior year, the firm earned $1.34 earnings per share. equities research analysts forecast that Qualcomm will post 2.8 earnings per share for the current fiscal year. Mig Lc has 26,000 shares for 4.09% of their portfolio. Fukoku Mutual Life Insurance Com accumulated 5,960 shares. Pension Ser reported 1.27 million shares. Moors And Cabot Incorporated accumulated 13,034 shares or 0.14% of the stock. (NASDAQ:SPLK). Eventide Asset Management Ltd Company owns 331,000 shares for 1.43% of their portfolio. Lincoln National Corp has 6,953 shares for 0.01% of their portfolio. (NASDAQ:SPLK). Suntrust Banks reported 7,777 shares. (NASDAQ:SPLK) to report earnings on May, 24. Alpha Cubed Invs Ltd Llc reported 59,813 shares stake.

Since January 9, 2018, it had 0 insider buys, and 5 sales for $6.12 million activity. ROGERS ALEXANDER H sold $37,519 worth of stock or 663 shs. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company's stock. Therefore 10% are positive. Qualcomm Inc. had 150 analyst reports since July 23, 2015 according to SRatingsIntel. (NASDAQ:SPLK) has "Outperform" rating given on Monday, August 31 by Wedbush. The stock has "Buy" rating by Cowen & Co on Wednesday, January 31. The rating was maintained by RBC Capital Markets with "Buy" on Monday, February 19. The firm earned "Hold" rating on Wednesday, November 1 by BMO Capital Markets. On Monday, February 5 the stock rating was maintained by Stifel Nicolaus with "Hold". The rating was maintained by Bernstein with "Hold" on Thursday, November 2. The company was maintained on Tuesday, January 16 by Canaccord Genuity. The rating was maintained by Topeka Capital Markets with "Hold" on Thursday, July 23. (NASDAQ:QCOM), 16 have Buy rating, 2 Sell and 19 Hold.

Investors of record on Wednesday, May 30th will be issued a dividend of $0.62 per share. Its up 0.02, from 0.73 in 2017Q3.

Several other institutional investors have also bought and sold shares of the stock.

A number of hedge funds have recently made changes to their positions in QCOM. Altavista Wealth Management holds 10,950 shares or 0.3% of its portfolio. Mitchell Mcleod Pugh & Williams Incorporated accumulated 0.31% or 6,984 shares. British Columbia Invest Mngmt Corp has invested 0.32% in QUALCOMM Incorporated (NASDAQ:QCOM). River Road Asset Ltd Liability Company invested in 1.06% or 875,732 shares. Tradewinds Cap Mgmt Limited Liability Corp has invested 0.04% in QUALCOMM Incorporated (NASDAQ:QCOM). Wellington Management Grp Limited Liability Partnership invested in 0.65% or 46.21M shares. Pub Sector Pension Investment Board owns 164,320 shares. Davis Capital Partners Llc who had been investing in Wells Fargo & Co. Old West Invest Lc stated it has 0.82% in Sears Holdings Corporation (NASDAQ:SHLD). Cannell Peter B & Communication stated it has 2.14% in QUALCOMM Incorporated (NASDAQ:QCOM). Argent Company has invested 0.58% in QUALCOMM Incorporated (NASDAQ:QCOM). Pnc Finance Serv Gru reported 1.48M shares. Gam Ag holds 0.03% or 12,989 shares in its portfolio. 400 were reported by Cap Advsrs Ltd Limited Liability Company.

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