Qualcomm Inc Institutional Investor Sentiment Up in 2019 Q2

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Sentiment for Qualcomm Inc (NASDAQ:QCOM)

Qualcomm Inc (NASDAQ:QCOM) institutional sentiment increased to 0.85 in 2019 Q2. Its up 0.08, from 0.77 in 2019Q1. The ratio increased, as 453 active investment managers opened new or increased holdings, while 534 reduced and sold stakes in Qualcomm Inc. The active investment managers in our partner’s database now own: 927.97 million shares, up from 901.11 million shares in 2019Q1. Also, the number of active investment managers holding Qualcomm Inc in their top 10 holdings increased from 26 to 41 for an increase of 15. Sold All: 66 Reduced: 468 Increased: 281 New Position: 172.

QUALCOMM Incorporated develops, designs, makes, and markets digital communications services and products in China, South Korea, Taiwan, the United States, and internationally. The company has market cap of $95.47 billion. The firm operates through three divisions: Qualcomm CDMA Technologies ; Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). It has a 28.75 P/E ratio. The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies for use in voice and data communications, networking, application processing, multimedia, and global positioning system products.

The stock decreased 0.69% or $0.54 during the last trading session, reaching $78.54. About 3.41 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 17.92% since September 13, 2018 and is uptrending. It has outperformed by 17.92% the S&P500.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on November, 6. They expect $0.55 EPS, down 27.63 % or $0.21 from last year’s $0.76 per share. QCOM’s profit will be $668.57 million for 35.70 P/E if the $0.55 EPS becomes a reality. After $0.64 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -14.06 % negative EPS growth.

Holowesko Partners Ltd. holds 11.36% of its portfolio in QUALCOMM Incorporated for 1.81 million shares. Private Asset Management Inc owns 594,511 shares or 7.7% of their US portfolio. Moreover, Valueworks Llc has 7.48% invested in the company for 149,103 shares. The Texas-based Penn Davis Mcfarland Inc has invested 7.42% in the stock. Discovery Capital Management Llc Ct, a Connecticut-based fund reported 982,800 shares.

QUALCOMM Incorporated (NASDAQ:QCOM) Ratings Coverage

Ratings analysis reveals 50% of QUALCOMM’s analysts are positive. Out of 10 Wall Street analysts rating QUALCOMM, 5 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $6500 while the high is $11500. The stock’s average target of $85.70 is 9.12% above today’s ($78.54) share price. QCOM was included in 25 notes of analysts from March 22, 2019. The company was maintained on Wednesday, April 17 by Barclays Capital. The rating was downgraded by Barclays Capital on Thursday, July 18 to “Equal-Weight”. The firm earned “Neutral” rating on Thursday, May 2 by Citigroup. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Thursday, August 1 by Canaccord Genuity. The stock has “Buy” rating by Canaccord Genuity on Wednesday, April 17. Deutsche Bank downgraded QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, May 23. Deutsche Bank has “Hold” rating and $7400 target. Canaccord Genuity maintained the shares of QCOM in report on Thursday, May 2 with “Buy” rating. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Outperform” rating given on Wednesday, April 17 by Raymond James. On Thursday, May 23 the stock rating was downgraded by Mizuho to “Neutral”. The stock has “Overweight” rating by Barclays Capital on Thursday, June 6.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Nasdaq.com which released: “Qualcomm (QCOM) 2nd Quarter Earnings: What to Expect – Nasdaq” on May 01, 2019, also Bloomberg.com with their article: “Qualcomm Says Carriers Need to Get Serious About Wi-Fi – Bloomberg” published on August 27, 2019, Seekingalpha.com published: “Qualcomm: 3 Reasons To Buy Now – Seeking Alpha” on September 11, 2019. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “Qualcomm Scores Enforcement Delay in FTC Case – Nasdaq” published on August 23, 2019 as well as Nasdaq.com‘s news article titled: “Here’s Where You Buy Qualcomm Stock – Nasdaq” with publication date: July 03, 2019.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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