EPS for QUALCOMM Incorporated (QCOM) Expected At $0.58

June 16, 2018 - By Adrian Mccoy

QUALCOMM Incorporated (NASDAQ:QCOM) LogoInvestors sentiment decreased to 0.78 in Q1 2018. Its down 0.05, from 0.83 in 2017Q4. It dropped, as 104 investors sold QUALCOMM Incorporated shares while 500 reduced holdings. 100 funds opened positions while 370 raised stakes. 1.11 billion shares or 0.11% less from 1.11 billion shares in 2017Q4 were reported.
Howe Rusling invested in 718 shares or 0.01% of the stock. Commerzbank Aktiengesellschaft Fi holds 341,340 shares or 0.21% of its portfolio. 1St Source Bank & Trust holds 0.24% or 51,219 shares. Barton Inv Management holds 89,046 shares or 1.12% of its portfolio. 23,401 are owned by Wilbanks Smith Thomas Asset Management Limited Liability Corporation. Private Trust Na invested in 0.18% or 15,262 shares. Moreover, Roanoke Asset Management Corp Ny has 1.28% invested in QUALCOMM Incorporated (NASDAQ:QCOM). 9,239 are owned by Rfg Advisory Grp Inc Ltd Co. Putnam Investments Ltd Liability has invested 0.14% in QUALCOMM Incorporated (NASDAQ:QCOM). Rafferty Asset Management Lc accumulated 720,956 shares. Jasper Ridge Partners L P holds 0.01% or 4,400 shares. Fragasso Gp reported 25,556 shares or 0.35% of all its holdings. Barrett Asset Ltd Liability Company reported 0% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Finemark Bancorporation reported 0.08% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Salem Inv Counselors holds 0.74% or 121,049 shares.

Since January 9, 2018, it had 0 insider buys, and 9 sales for $7.68 million activity. AMON CRISTIANO R also sold $852,989 worth of QUALCOMM Incorporated (NASDAQ:QCOM) on Tuesday, May 8. 663 shares valued at $37,519 were sold by ROGERS ALEXANDER H on Tuesday, March 27. 43,000 QUALCOMM Incorporated (NASDAQ:QCOM) shares with value of $2.81M were sold by GROB MATTHEW S. THOMPSON JAMES H had sold 50,126 shares worth $3.14 million.

Analysts expect QUALCOMM Incorporated (NASDAQ:QCOM) to report $0.58 EPS on July, 18.They anticipate $0.12 EPS change or 17.14 % from last quarter’s $0.7 EPS. QCOM’s profit would be $859.92M giving it 25.80 P/E if the $0.58 EPS is correct. After having $0.67 EPS previously, QUALCOMM Incorporated’s analysts see -13.43 % EPS growth. The stock increased 0.67% or $0.4 during the last trading session, reaching $59.86. About 9.26 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since June 16, 2017 and is uptrending. It has underperformed by 9.99% the S&P500.

QUALCOMM Incorporated (NASDAQ:QCOM) Ratings Coverage

Among 17 analysts covering Qualcomm (NASDAQ:QCOM), 8 have Buy rating, 1 Sell and 8 Hold. Therefore 47% are positive. Qualcomm had 35 analyst reports since January 16, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, January 16 by Susquehanna. The company was maintained on Thursday, April 26 by UBS. RBC Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, May 10. RBC Capital Markets has “Buy” rating and $7000 target. Canaccord Genuity maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Tuesday, March 13 with “Buy” rating. Susquehanna maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, March 26 with “Buy” rating. The company was maintained on Monday, April 23 by RBC Capital Markets. The rating was maintained by Canaccord Genuity with “Buy” on Wednesday, April 25. BMO Capital Markets maintained it with “Hold” rating and $5500 target in Wednesday, April 25 report. The firm has “Buy” rating given on Wednesday, May 16 by Canaccord Genuity. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Hold” rating given on Monday, February 5 by Stifel Nicolaus.

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 $88.75 billion. The firm operates through three divisions: Qualcomm CDMA Technologies ; Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). It currently has negative earnings. 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.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Nasdaq.com which released: “Microsoft Corporation and Cloud Kings Become Chip Giants” on June 13, 2018, also Streetinsider.com with their article: “Qualcomm’s (QCOM) NXP (NXPI) Deal is Said to be Approved by Chinese Regulators – Bloomberg (Earlier)” published on June 15, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of QUALCOMM Incorporated of a Class Action …” on June 15, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: “NXP Semiconductors -1.8% after Senate pushback on ZTE ban lift” published on June 12, 2018 as well as Seekingalpha.com‘s news article titled: “NXP +8.3% on report China has OK’d Qualcomm deal” with publication date: June 14, 2018.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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