Price Target Analysis of QUALCOMM Incorporated (NASDAQ:QCOM)

Marco Green
February 10, 2018

T-Mobile US Inc.'s (TMUS) quarterly profit jumped almost sevenfold as the No. 3 USA wireless carrier recorded a $2.2 billion gain from recent changes in USA tax laws, but Wall Street analysts raised questions about the company's growth. The institutional investor held 91,160 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $4.73M, up from 5,360 at the end of the previous reported quarter. About 29.01M shares traded or 43.91% up from the average. Harsco Corporation (NYSE:HSC) has risen 133.61% since February 9, 2017 and is uptrending. It has underperformed by 21.16% the S&P500.

Fukoku Mutual Life Insurance Company increased its stake in Qualcomm Inc (QCOM) by 1600.75% based on its latest 2017Q3 regulatory filing with the SEC. Bridges Investment Management Inc acquired 34,989 shares as Qualcomm Inc Com (QCOM)'s stock rose 2.14%. About 13.45 million shares traded or 22.83% up from the average. Robertson Opportunity Capital Llc who had been investing in Nu Skin Enterprises Inc for a number of months, seems to be bullish on the $3.45 billion market cap company.

The stock increased 0.77% or $0.31 during the last trading session, reaching $40.7. About 561,476 shares traded. With these types of results to display analysts, are more optimistic than before, leading 9 of analysts who cover QUALCOMM Incorporated (NASDAQ:QCOM) advice their clients to include it in their buy candidate list. It has outperformed by 10.05% the S&P500. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company. Therefore 44% are positive. Vulcan Materials Company had 38 analyst reports since August 6, 2015 according to SRatingsIntel. Loop Capital maintained the shares of MU in report on Thursday, September 21 with "Buy" rating. The firm has "Hold" rating by Societe Generale given on Tuesday, September 12. BTIG Research downgraded the shares of ABMD in report on Monday, October 16 to "Neutral" rating. The company was upgraded on Wednesday, November 8 by RBC Capital Markets. The firm has "Buy" rating given on Thursday, June 2 by Goldman Sachs. (NASDAQ:ABMD) earned "Buy" rating by Stephens on Friday, February 2. The firm has "Buy" rating by RBC Capital Markets given on Wednesday, June 7. The company's stock had a trading volume of 12,479,066 shares, compared to its average volume of 11,014,779. Endurance Wealth Management Inc invested 3.31% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM).

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.13, from 0.98 in 2017Q2. It is negative, as 58 investors sold DHR shares while 367 reduced holdings.

Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Gru Pcl reported 8.12 million shares stake. Gofen And Glossberg Ltd Il invested in 0.01% or 8,899 shares. Texas Permanent School Fund stated it has 0.19% in Danaher Corporation (NYSE:DHR). Nationwide Fund Advsr invested in 1.30M shares or 0.26% of the stock. Caledonia (Private) Pty invested in 4.93% or 1.41M shares. Quantitative Systematic Strategies Ltd Liability holds 24,099 shares. The New York-based Meyer Handelman Company has invested 0.71% in QUALCOMM Incorporated (NASDAQ:QCOM). Caisse De Depot Et Placement Du Quebec stated it has 2.70M shares or 0.45% of all its holdings. Virtus Investment Advisers Incorporated stated it has 102,183 shares or 1.65% of all its holdings. Nordea Inv Mgmt Ab invested 0.03% of its portfolio in Danaher Corporation (NYSE:DHR). Moreover, State Of Tennessee Treasury Department has 0.02% invested in Vulcan Materials Company (NYSE:VMC) for 35,961 shares. Insiders own 0.17% of the company's stock. Tyrus Cap Sam reported 23,250 shares.

Since August 20, 2017, it had 0 buys, and 6 sales for $3.16 million activity. Its down 0.09, from 1.01 in 2017Q2. Conning Inc. raised its position in QUALCOMM by 16.4% during the third quarter.

Mirae Asset Global Investments decreased Exxon Mobil Corp (NYSE:XOM) stake by 6,292 shares to 113,905 valued at $9.34 million in 2017Q3. Altavista Wealth Mngmt holds 0.27% or 10,950 shares in its portfolio. Pictet Cie (Europe) Sa invested in 0.17% or 10,709 shares. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.57 per share. Caxton Assoc LP holds 0.33% of its portfolio in Marriott International, Inc. (NASDAQ:FB) for 2,025 shares. Cibc Asset Mngmt has invested 0.06% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Rbo & Co Ltd Liability Corp owns 63,445 shares. Bryn Mawr Tru Communications has 0.37% invested in QUALCOMM Incorporated (NASDAQ:QCOM). (NASDAQ:ABMD) for 119 shares. Donaldson Cap Management Limited Liability invested in 32,728 shares. Winslow Evans Crocker reported 82,470 shares. (NASDAQ:MU). James Invest Rech Inc has invested 0.09% in Micron Technology, Inc. Great Lakes Advsr Ltd Liability Com reported 0.03% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Kcm Advisors Ltd Liability Company owns 6,138 shares for 0.03% of their portfolio. (NASDAQ:QCOM) opened at $62.42 on Friday. During the same period in the prior year, the business earned $1.19 earnings per share. During the same quarter in the previous year, the company posted $1.19 EPS. equities analysts forecast that QUALCOMM, Inc. will post 2.8 EPS for the current year. Northland Securities restated a "buy" rating and set a $75.00 price objective on shares of QUALCOMM in a report on Thursday, February 1st. Therefore 80% are positive. Nvidia Corporation had 176 analyst reports since August 3, 2015 according to SRatingsIntel. The company now has an average rating of Hold and a consensus price target of $68.25. The stock of Nu Skin Enterprises, Inc. On Monday, September 18 the insider COXE TENCH sold $9.48 million. RBC Capital Markets maintained the stock with "Outperform" rating in Wednesday, November 4 report. The rating was maintained by Cowen & Co with "Buy" on Friday, October 27. The company was maintained on Tuesday, January 3 by Barclays Capital. The rating was maintained by Maxim Group with "Buy" on Tuesday, December 15. On Monday, July 31 the stock rating was downgraded by BMO Capital Markets to "Market Perform". Mizuho maintained the shares of NVDA in report on Tuesday, December 20 with "Buy" rating. The firm has "Sell" rating by Zacks given on Thursday, August 13.

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