Just How Positive is Northland Capital on Qualcomm Inc (NDAQ:QCOM) Following Their Upgrade?

September 17, 2017 - By Richard Conner

  Just How Positive is Northland Capital on Qualcomm Inc (NDAQ:QCOM) Following Their Upgrade?

Investors sentiment decreased to 1.01 in Q4 2016. Its down 0.07, from 1.08 in 2016Q3. It worsened, as 104 investors sold QUALCOMM, Inc. shares while 514 reduced holdings. 139 funds opened positions while 483 raised stakes. 1.12 billion shares or 0.18% less from 1.12 billion shares in 2016Q3 were reported.

Bryn Mawr Trust Co holds 0.56% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM) for 137,636 shares. Harbour Lc has invested 0.9% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM). Mariner Wealth Advsr Limited Liability Corp owns 27,057 shares or 0.08% of their US portfolio. 19,376 are held by Investec Asset North America. Peoples Fincl Corp owns 431 shares. 310 were accumulated by Point72 Asia (Hong Kong) Limited. Advantus Mgmt Inc has 148,585 shares for 0.26% of their portfolio. Td Asset Mgmt accumulated 0.18% or 1.66 million shares. Moreover, Hendershot Invs Incorporated has 1.95% invested in QUALCOMM, Inc. (NASDAQ:QCOM) for 62,432 shares. Colonial Trust owns 4,596 shares for 0.1% of their portfolio. Contrarius Invest invested in 0.07% or 15,211 shares. Hudson Valley Advsr Adv accumulated 5,844 shares. Primecap Mgmt Ca reported 1.03% stake. Monetta Financial holds 1.69% in QUALCOMM, Inc. (NASDAQ:QCOM) or 42,000 shares. Insight Cap Research & Mngmt invested 0.84% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM).

Since May 11, 2017, it had 1 buy, and 4 selling transactions for $1.73 million activity. STERLING MICHELLE M had sold 5,509 shares worth $325,654 on Saturday, May 20. $491,286 worth of stock was bought by LIVERMORE ANN M on Thursday, May 11. Rosenberg Donald J had sold 10,701 shares worth $588,767. The insider ROGERS ALEXANDER H sold $26,922.

Qualcomm Inc (NDAQ:QCOM) Stock Upgrade

It will be interesting to watch today’s trading of shares of Qualcomm Inc (NDAQ:QCOM) as Northland Capital upgraded the stock from a Market Perform to a respectable Outperform.

Investors sentiment decreased to 1.01 in Q4 2016. Its down 0.07, from 1.08 in 2016Q3. It worsened, as 104 investors sold QUALCOMM, Inc. shares while 514 reduced holdings. 139 funds opened positions while 483 raised stakes. 1.12 billion shares or 0.18% less from 1.12 billion shares in 2016Q3 were reported.

Bryn Mawr Trust Co holds 0.56% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM) for 137,636 shares. Harbour Lc has invested 0.9% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM). Mariner Wealth Advsr Limited Liability Corp owns 27,057 shares or 0.08% of their US portfolio. 19,376 are held by Investec Asset North America. Peoples Fincl Corp owns 431 shares. 310 were accumulated by Point72 Asia (Hong Kong) Limited. Advantus Mgmt Inc has 148,585 shares for 0.26% of their portfolio. Td Asset Mgmt accumulated 0.18% or 1.66 million shares. Moreover, Hendershot Invs Incorporated has 1.95% invested in QUALCOMM, Inc. (NASDAQ:QCOM) for 62,432 shares. Colonial Trust owns 4,596 shares for 0.1% of their portfolio. Contrarius Invest invested in 0.07% or 15,211 shares. Hudson Valley Advsr Adv accumulated 5,844 shares. Primecap Mgmt Ca reported 1.03% stake. Monetta Financial holds 1.69% in QUALCOMM, Inc. (NASDAQ:QCOM) or 42,000 shares. Insight Cap Research & Mngmt invested 0.84% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM).

Since May 11, 2017, it had 1 buy, and 4 selling transactions for $1.73 million activity. STERLING MICHELLE M had sold 5,509 shares worth $325,654 on Saturday, May 20. $491,286 worth of stock was bought by LIVERMORE ANN M on Thursday, May 11. Rosenberg Donald J had sold 10,701 shares worth $588,767. The insider ROGERS ALEXANDER H sold $26,922.

QUALCOMM, Inc. (NASDAQ:QCOM) Ratings Coverage

Among 7 analysts covering Qualcomm Inc. (NDAQ:QCOM), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Qualcomm Inc. has $75 highest and $60 lowest target. $67.33’s average target is 29.01% above currents $52.19 stock price. Qualcomm Inc. had 8 analyst reports since March 31, 2017 according to SRatingsIntel. Rosenblatt downgraded QUALCOMM, Inc. (NASDAQ:QCOM) on Wednesday, April 19 to “Neutral” rating. Stifel Nicolaus maintained the shares of QCOM in report on Friday, May 26 with “Buy” rating. The firm earned “Neutral” rating on Friday, March 31 by Macquarie Research. The stock of QUALCOMM, Inc. (NASDAQ:QCOM) has “Buy” rating given on Friday, April 28 by Standpoint Research. The rating was maintained by Mizuho with “Buy” on Wednesday, April 12. Canaccord Genuity maintained QUALCOMM, Inc. (NASDAQ:QCOM) rating on Thursday, April 20. Canaccord Genuity has “Buy” rating and $75 target.

The stock increased 1.38% or $0.71 on September 15, reaching $52.19. About 13.18 million shares traded or 64.13% up from the average. QUALCOMM, Inc. (NDAQ:QCOM) has risen 9.31% since September 17, 2016 and is uptrending. It has underperformed by 7.39% the S&P500.

Investors wait QUALCOMM, Inc. (NASDAQ:QCOM) to report on November, 1 after the close. its quarterly earnings Wall Street analysts expect $0.69 earnings per share, down $0.48 or 41.03 % from last year’s $1.17 same quarter earnings. This translates into $1.02B profit for QCOM giving the stock a 18.91 P/E. This is assuming the current $0.69 EPS is accurate. QUALCOMM, Inc.’s Wall Street analysts see -1.43 % negative EPS growth, taking into account the $0.70 EPS reproted in the previous quarter,

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 $77.04 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 19.98 P/E ratio. The Company’s divisions include QCT (Qualcomm CDMA Technologies), QTL (Qualcomm Technology Licensing) and QSI (Qualcomm Strategic Initiatives).

More notable recent QUALCOMM, Inc. (NASDAQ:QCOM) news were published by: Investorplace.com which released: “Believe in This Economy? Buy Qualcomm, Inc. (QCOM) Stock” on August 23, 2017, also Marketwatch.com with their article: “Opinion: Apple’s petty squabble with Qualcomm ends up hurting iPhone customers” published on September 16, 2017, Fool.com published: “Better Buy: Qualcomm, Inc. vs. Intel” on September 11, 2017. More interesting news about QUALCOMM, Inc. (NASDAQ:QCOM) were released by: Latimes.com and their article: “California Inc.: Apple, Qualcomm slug it out over patents” published on September 04, 2017 as well as Seekingalpha.com‘s news article titled: “Recent Buy: Qualcomm, Inc.” with publication date: August 19, 2017.

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