Published: Sat, January 13, 2018
Business | By Tara Barton

QUALCOMM, Inc. (QCOM) Shares Sold by Rand Wealth LLC

The firm owned 245,728 shares of the wireless technology company's stock after buying an additional 3,158 shares during the quarter. The institutional investor held 88,514 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $4.59M, down from 96,664 at the end of the previous reported quarter. Qualcomm Inc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $97.30B market cap company.

The stock increased 0.26% or $0.17 during the last trading session, reaching $65.43.

Traders bought shares of QUALCOMM, Inc.

Samlyn Capital LLC purchased a new position in QUALCOMM Incorporated (NASDAQ:QCOM) during the third quarter, Holdings Channel reports. It has underperformed by 7.39% the S&P500.

Logan Capital Management Inc increased its stake in General Mtrs Corp (GM) by 3.76% based on its latest 2017Q3 regulatory filing with the SEC. Forbes J M & Co Llp bought 85,882 shares as the company's stock declined 6.04% while stock markets rallied. The hedge fund run by Ted Kang held 258,400 shares of the health care company at the end of 2017Q3, valued at $48.13 million, down from 311,800 at the end of the previous reported quarter. Logan Capital Management Inc who had been investing in General Mtrs Corp for a number of months, seems to be bullish on the $62.77B market cap company. The stock increased 2.14% or $5.41 during the last trading session, reaching $258.32. (NYSE:JPM). Greenwich Wealth Mngmt Ltd Liability owns 11,865 shares.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 1st. It has outperformed by 37.37% the S&P500.

Investors sentiment increased to 1.17 in 2017 Q3. The wireless technology company reported $1.19 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.18 by $0.01.

In other QUALCOMM news, EVP Alexander H. Rogers sold 874 shares of QUALCOMM stock in a transaction that occurred on Monday, November 27th. 125 funds opened positions while 635 raised stakes. 139.79 million shares or 2.40% less from 143.22 million shares in 2017Q2 were reported. Company insiders own 0.24% of the company's stock. Smithfield Com owns 665 shares or 0% of their U.S. portfolio. About 13.05M shares traded or 0.91% up from the average. Sentinel Asset Management holds 872,078 shares. Great West Life Assurance Can has 560,995 shares for 0.11% of their portfolio. 13,300 are held by Icon Advisers Incorporated. Altrinsic Global Advsr Limited reported 456,933 shares. Hallmark Cap Incorporated has 0.27% invested in AT&T Inc. Maltese Lc stated it has 1.35% of its portfolio in Comerica Incorporated (NYSE:CMA).

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US stock indexes on Friday closed out what has been a stellar start to a calendar year for equity trading. Core CPI increased 1.8 percent in the 12 months through December, picking up from 1.7 percent in November.

Elizabeth Park Capital Advisors Ltd, which manages about $166.10M and $257.67M US Long portfolio, upped its stake in Macatawa Bk Corp (NASDAQ:MCBC) by 277,764 shares to 530,454 shares, valued at $5.44 million in 2017Q3, according to the filing. It also reduced its holding in Mastercard Incorporated (NYSE:MA) by 5,547 shares in the quarter, leaving it with 45,618 shares, and cut its stake in Johnson & Johnson (NYSE:JNJ).

Analysts await Comerica Incorporated (NYSE:CMA) to report earnings on January, 16 before the open. During the same period in the previous year, the company posted $1.28 EPS. QCOM's profit will be $1.14 billion for 21.24 P/E if the $0.77 EPS becomes a reality.

Since August 20, 2017, it had 0 insider purchases, and 5 selling transactions for $3.11 million activity. Docter Jan L had sold 2,500 shares worth $4.69 million. Guilfoile Peter William sold $203,508 worth of Comerica Incorporated (NYSE:CMA) on Monday, August 28.

Among 7 analysts covering Gerdau (NYSE:GGB), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 76% are positive. The rating was maintained by BMO Capital Markets on Thursday, July 13 with "Buy". Finally, Vetr raised QUALCOMM from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a research note on Monday, November 27th. As per Tuesday, January 10, the company rating was initiated by Citigroup. Royal Bank of Canada boosted their target price on shares of QUALCOMM from $70.00 to $77.00 and gave the company an "outperform" rating in a report on Tuesday, November 14th. Brean Capital has "Buy" rating and $72 target. The stock has "Buy" rating by Canaccord Genuity on Wednesday, October 12. The firm earned "Outperform" rating on Saturday, September 5 by Oppenheimer. The stock has "Neutral" rating by Nomura on Wednesday, February 24. The business's revenue was down 3.5% on a year-over-year basis. sell-side analysts anticipate that QUALCOMM, Inc. will post 3.07 earnings per share for the current fiscal year. Morgan Stanley downgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, November 10 to "Equal-Weight" rating. Therefore 42% are positive. Qualcomm Inc. had 122 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has "Buy" rating by Argus Research given on Thursday, September 29. The rating was downgraded by Instinet to "Neutral" on Monday, January 23. The company was maintained on Friday, September 29 by RBC Capital Markets. The rating was maintained by Cowen & Co on Tuesday, July 18 with "Hold". BMO Capital Markets has "Market Perform" rating and $23 target. The firm has "Buy" rating by Needham given on Wednesday, June 21. The rating was maintained by Stifel Nicolaus on Thursday, August 24 with "Buy". Stifel Nicolaus maintained it with "Buy" rating and $6500 target in Wednesday, June 28 report.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.13, from 0.98 in 2017Q2.

Several large investors have recently modified their holdings of QCOM. The stock of Invacare Corporation (NYSE:IVC) earned "Buy" rating by KeyBanc Capital Markets on Tuesday, September 26. (NASDAQ:ALGN). Vantage Advsrs Ltd Liability Corporation owns 200 shares. Hartford Invest Management Co stated it has 0.37% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). New York-based Blackrock has invested 0.29% in QUALCOMM Incorporated (NASDAQ:QCOM). Causeway Capital Mgmt Limited Liability reported 3.76M shares stake. Montag And Caldwell Lc reported 0.01% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Nelson Van Denburg And Campbell Wealth Grp Lc invested 0.02% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Management has 319,800 shares for 0.16% of their portfolio. Miles Cap Inc stated it has 0.61% in QUALCOMM Incorporated (NASDAQ:QCOM). Ls Investment Llc holds 0% or 1,263 shares. Partnervest Advisory Services Lc, a California-based fund reported 16,867 shares. Monroe Fincl Bank And Tru Mi owns 300 shares.

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