Analysts See $0.68 EPS for QUALCOMM, Inc. (QCOM)

July 18, 2017 - By Nellie Frank

 Analysts See $0.68 EPS for QUALCOMM, Inc. (QCOM)
Investors sentiment decreased to 1.01 in Q4 2016. Its down 0.07, from 1.08 in 2016Q3. It dived, 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.
Birch Hill Invest Advsr holds 0.02% or 3,400 shares. Verition Fund Mngmt Ltd owns 18,618 shares. Capstone Financial Advsr reported 16,101 shares or 0.48% of all its holdings. The Massachusetts-based Commonwealth Equity Services has invested 0.16% in QUALCOMM, Inc. (NASDAQ:QCOM). Davidson & Garrard owns 1.05% invested in QUALCOMM, Inc. (NASDAQ:QCOM) for 64,551 shares. 14,700 are held by Bedrijfstakpensioenfonds Voor De Media Pno. State Street reported 67.53M shares stake. Koshinski Asset Mngmt has invested 0% in QUALCOMM, Inc. (NASDAQ:QCOM). Ep Wealth Advisors owns 9,790 shares for 0.09% of their portfolio. Bp Public Ltd Company reported 0.63% in QUALCOMM, Inc. (NASDAQ:QCOM). Arrowpoint Asset Management Lc reported 0.17% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM). Court Place Advsrs Limited Com accumulated 0.72% or 21,372 shares. Lazard Asset Ltd stated it has 365,415 shares. Geode Mgmt Ltd Co invested in 0.47% or 15.51 million shares. Agran Libbie accumulated 2.54% or 160,705 shares.

Since January 30, 2017, it had 3 insider buys, and 4 selling transactions for $677,891 activity. AMON CRISTIANO R had bought 18,815 shares worth $999,596. Shares for $26,922 were sold by ROGERS ALEXANDER H. 9,000 QUALCOMM, Inc. (NASDAQ:QCOM) shares with value of $491,286 were bought by LIVERMORE ANN M. VINCIQUERRA ANTHONY J bought $53,985 worth of QUALCOMM, Inc. (NASDAQ:QCOM) on Monday, January 30. 10,701 QUALCOMM, Inc. (NASDAQ:QCOM) shares with value of $588,767 were sold by Rosenberg Donald J. ABERLE DEREK K sold $1.28M worth of stock.

Investors wait QUALCOMM, Inc. (NASDAQ:QCOM) to report on July, 19 after the close. its quarterly earnings Wall Street analysts expect $0.68 EPS, down $0.35 or 33.98 % from last year’s $1.03 same quarter earnings. This translates into $1.01 billion profit for QCOM giving the stock a 20.85 P/E. This is assuming the current $0.68 EPS is accurate. QUALCOMM, Inc.’s Wall Street analysts see -43.33 % negative EPS growth, taking into account the $1.20 EPS reproted in the previous quarter, About 607 shares traded. QUALCOMM, Inc. (NASDAQ:QCOM) has risen 9.31% since July 18, 2016 and is uptrending. It has underperformed by 7.39% the S&P500.

QUALCOMM, Inc. (NASDAQ:QCOM) Ratings Coverage

Among 32 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 13 have Buy rating, 1 Sell and 18 Hold. Therefore 41% are positive. Qualcomm Inc. had 84 analyst reports since July 23, 2015 according to SRatingsIntel. RBC Capital Markets maintained QUALCOMM, Inc. (NASDAQ:QCOM) rating on Thursday, November 5. RBC Capital Markets has “Outperform” rating and $72 target. The stock of QUALCOMM, Inc. (NASDAQ:QCOM) has “Positive” rating given on Wednesday, January 13 by Susquehanna. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, January 26. The stock has “Buy” rating by Nomura on Monday, October 31. As per Monday, May 22, the company rating was upgraded by JP Morgan. The stock of QUALCOMM, Inc. (NASDAQ:QCOM) earned “Neutral” rating by Instinet on Monday, January 23. The stock of QUALCOMM, Inc. (NASDAQ:QCOM) has “Neutral” rating given on Tuesday, September 6 by Mizuho. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, October 3 report. The company was upgraded on Monday, July 27 by Morgan Stanley. The company was upgraded on Friday, September 30 by Mizuho.

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 $84.28 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 18.78 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: “3 Big Stock Charts for Monday: Qualcomm, Inc. (QCOM), Abbott Laboratories (ABT …” on July 17, 2017, also Seekingalpha.com with their article: “Qualcomm Earnings Prediction” published on July 07, 2017, Nasdaq.com published: “Cascade Investment Advisors, Inc. Buys Qualcomm Inc, Sensata Technologies …” on July 15, 2017. More interesting news about QUALCOMM, Inc. (NASDAQ:QCOM) were released by: Fool.com and their article: “Qualcomm, Inc.: The Bear Case from a Bull” published on June 21, 2017 as well as Seekingalpha.com‘s news article titled: “Qualcomm: Large R&D Cuts Could Be Disastrous” with publication date: July 13, 2017.

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