Sentiment for Qualcomm Inc (NASDAQ:QCOM)
Qualcomm Inc (NASDAQ:QCOM) institutional sentiment decreased to 0.98 in Q2 2017. Its down -0.05, from 1.03 in 2017Q1. The ratio is negative, as 558 institutional investors increased or opened new holdings, while 570 sold and decreased their holdings in Qualcomm Inc. The institutional investors in our partner’s database now have: 1.11 billion shares, up from 1.11 billion shares in 2017Q1. Also, the number of institutional investors holding Qualcomm Inc in their top 10 holdings decreased from 50 to 36 for a decrease of 14. Sold All: 89 Reduced: 481 Increased: 451 New Position: 107.
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access . The company has market cap of $76.39 billion. The Firm is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM) standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications. It has a 19.81 P/E ratio. The Company’s divisions include QCT (Qualcomm CDMA Technologies), QTL (Qualcomm Technology Licensing) and QSI (Qualcomm Strategic Initiatives).
About 2.08M shares traded. QUALCOMM, Inc. (NASDAQ:QCOM) has risen 9.31% since November 1, 2016 and is uptrending. It has underperformed by 7.39% the S&P500.
Qualcomm Inc De holds 70.51% of its portfolio in QUALCOMM, Inc. for 752,547 shares. Penn Davis Mcfarland Inc owns 502,446 shares or 8.23% of their US portfolio. Moreover, Private Asset Management Inc has 6.57% invested in the company for 736,973 shares. The Missouri-based Wedgewood Partners Inc has invested 5.54% in the stock. Guinness Atkinson Asset Management Inc, a California-based fund reported 154,130 shares.#img1#
Since January 1, 0001, it had 1 insider buy, and 4 sales for $1.73 million activity.
QUALCOMM, Inc. (NASDAQ:QCOM) Ratings Coverage
Ratings analysis reveals 37% of Qualcomm Inc.’s analysts are positive. Out of 35 Wall Street analysts rating Qualcomm Inc., 13 give it “Buy”, 1 “Sell” rating, while 21 recommend “Hold”. The lowest target is $47 while the high is $75. The stock’s average target of $63.68 is 23.05% above today’s ($51.75) share price. QCOM was included in 106 notes of analysts from July 23, 2015. On Monday, October 3 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was initiated on Tuesday, May 17 by CLSA. JP Morgan initiated the stock with “Neutral” rating in Tuesday, September 8 report. The rating was maintained by Oppenheimer with “Outperform” on Thursday, July 23. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 23. The firm has “Outperform” rating by Cowen & Co given on Thursday, July 21. The firm has “Hold” rating by BMO Capital Markets given on Monday, July 10. RBC Capital Markets maintained QUALCOMM, Inc. (NASDAQ:QCOM) on Monday, November 23 with “Outperform” rating. Stifel Nicolaus maintained it with “Buy” rating and $59 target in Thursday, November 19 report. The company was maintained on Friday, August 14 by Canaccord Genuity.
More notable recent QUALCOMM, Inc. (NASDAQ:QCOM) news were published by: Reuters.com which released: “Apple could drop Qualcomm components in next year’s iPhones, iPads: sources” on October 31, 2017, also Reuters.com with their article: “REFILE-RPT-UPDATE 1-Apple could drop Qualcomm components in next year’s …” published on October 31, 2017, Investorplace.com published: “Is Qualcomm, Inc. Stock a Buy Before Earnings?” on October 30, 2017. More interesting news about QUALCOMM, Inc. (NASDAQ:QCOM) were released by: Fool.com and their article: “Is Qualcomm Inc. Stock a Buy?” published on October 17, 2017 as well as Reuters.com‘s news article titled: “Taiwan fines Qualcomm $774 million for antitrust violations” with publication date: October 11, 2017.
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