Published: Sat, May 12, 2018
Markets | By Otis Pena

Macquarie Trims Qualcomm (QCOM) Target Price to $55.00


Eaton Vance Management sold 355,968 shares as the company's stock declined 15.28% with the market. The institutional investor held 5.96M shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $381.47 million, down from 6.31M at the end of the previous reported quarter. The relative volume of the stock is 0.98, while its market cap is $81.47 Billion. The stock increased 0.60% or $0.33 during the last trading session, reaching $55.3. About 5.94M shares traded. Cap Advsr Ok owns 0.74% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 198,032 shs.

Independent Order Of Foresters decreased its stake in Ventas Inc. The stock has a market capitalization of $78.83 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 1.71 and a beta of 1.47. Rhumbline Advisers now owns 2,691,527 shares of the wireless technology company's stock worth $139,529,000 after purchasing an additional 30,070 shares during the period. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.

QUALCOMM Incorporated on 3/30/2018 reported its EPS as $0.83 with the analysts projecting the EPS of the stock as $0.81.

VERISANTE TECHNOLOGY INC ORDINARY SHARE (OTCMKTS:VRSEF) had an increase of 23.96% in short interest. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: "Qualcomm: Path To Higher Profits" published on May 02, 2018 as well as Seekingalpha.com's news article titled: "Qualcomm: Why It's A Bargain Right Now" with publication date: May 03, 2018. It has underperformed by 11.55% the S&P500. Therefore 50% are positive.

Alpha Cubed Investments Llc increased Qualcomm Inc (QCOM) stake by 12.58% reported in 2017Q4 SEC filing. The firm has "Overweight" rating by Capital One given on Monday, October 30. The firm has "Hold" rating by SunTrust given on Friday, February 9. BidaskClub cut Qualcomm from a "sell" rating to a "strong sell" rating in a research report on Thursday, March 22nd. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned "Hold" rating by Oppenheimer on Wednesday, July 19. The rating was maintained by RBC Capital Markets with "Buy" on Monday, February 19. The stock has "Hold" rating by Bernstein on Monday, November 13. Royal Bank of Canada reiterated a buy rating and set a $75.00 price objective on shares of Qualcomm in a research report on Tuesday, April 24th. The rating was maintained by RBC Capital Markets on Wednesday, April 4 with "Buy". Corporate insiders own 0.17% of the company's stock.

Big Money Sentiment decreased to 0.83 in Q4 2017. It's down -0.30, from 1.52 in 2017Q3. 160 funds acquired stakes and 346 increased stakes. Comparatively, INPX's free cash flow per share was +2.17. 6,844 are held by Trust Com Of Toledo Na Oh. Hm Payson And Com accumulated 481,003 shares. Nomura Asset Co owns 254,426 shares for 0.18% of their portfolio.

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Eaton Vance Management, which manages about $88.88 billion and $41.30 billion US Long portfolio, upped its stake in Barracuda Networks Inc (NYSE:CUDA) by 435,024 shares to 670,089 shares, valued at $18.43 million in 2017Q4, according to the filing. Twin Securities holds 0.2% or 21,032 shs in its capital. Malaga Cove Lc invested in 3,736 shares. Amica Mutual Ins invested in 0.09% or 14,969 shares. Atlantic Tru Group Ltd Llc accumulated 0% or 14,321 shares. $618,603 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by Rosenberg Donald J on Tuesday, May 8. (NYSE:VTR) for 343,945 shares.

Just, if not more, important than the growth rate is the quality of that growth. Stifel Financial Corp now owns 2,872,490 shares of the wireless technology company's stock valued at $148,873,000 after purchasing an additional 2,834,525 shares in the last quarter.

Since January 9, 2018, it had 0 insider purchases, and 8 insider sales for $7.62 million activity.

Baystate Wealth Limited Liability Com has 0.01% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 844 shares. GROB MATTHEW S had sold 43,000 shares worth $2.81 million on Tuesday, January 9. The shares were sold at an average price of $62.66, for a total value of $3,140,895.16.

The Dow Jones Industrial Average rose 196.75 points, or 0.8 percent, to 24,739.29, the S&P 500 gained 25.25 points, or 0.94 percent, to 2,723.04, and the Nasdaq Composite added 65.07 points, or 0.89 percent, to 7,404.98. Now it has a market worth of $81.47B.

When we look at the Analyst Recommendations of the stock, the company has 2.3 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Since November 13, 2017 according to StockzIntelligence Inc Qualcomm Inc has 36 analyst reports. ValuEngine upgraded shares of QUALCOMM from a "hold" rating to a "buy" rating in a research note on Friday, February 2nd. On Thursday, April 19 the stock of QUALCOMM Incorporated (NASDAQ:QCOM) has "Buy" rating given by Canaccord Genuity. Cowen & Co maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, July 23.

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