Analysts See $0.69 EPS for QUALCOMM, Inc. (QCOM)

October 13, 2017 - By Kurt Siggers

 Analysts See $0.69 EPS for QUALCOMM, Inc. (QCOM)
Investors sentiment decreased to 0.98 in Q2 2017. Its down 0.05, from 1.03 in 2017Q1. It is negative, as 89 investors sold QUALCOMM, Inc. shares while 481 reduced holdings. 107 funds opened positions while 451 raised stakes. 1.11 billion shares or 0.00% more from 1.11 billion shares in 2017Q1 were reported.
The New York-based Silvercrest Asset Mgmt Gru Ltd Liability Com has invested 0.02% in QUALCOMM, Inc. (NASDAQ:QCOM). Millennium Mngmt Limited invested in 0.01% or 121,378 shares. Notis invested 1.06% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM). Rampart Inv Mngmt Limited Company stated it has 0.38% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM). 1.53M are owned by Mairs & Power. Philadelphia has invested 1.36% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM). Fil stated it has 2.61 million shares. Massachusetts-based Kidder Stephen W has invested 0.96% in QUALCOMM, Inc. (NASDAQ:QCOM). Blackrock Inc invested in 0.31% or 105.81M shares. R G Niederhoffer Cap holds 2.88% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM) for 6,300 shares. Independent Portfolio Consultants stated it has 17,261 shares. Hallmark Management Incorporated owns 31,239 shares. Eagleclaw Managment Llc invested 0.87% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM). Haverford Trust holds 0.01% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM) for 10,424 shares. Parus (Uk) Ltd reported 141,632 shares.

Since May 11, 2017, it had 1 insider purchase, and 4 insider sales for $1.73 million activity. 9,000 shares valued at $491,286 were bought by LIVERMORE ANN M on Thursday, May 11. $26,922 worth of QUALCOMM, Inc. (NASDAQ:QCOM) was sold by ROGERS ALEXANDER H on Tuesday, May 30. $1.28M worth of QUALCOMM, Inc. (NASDAQ:QCOM) was sold by ABERLE DEREK K on Thursday, June 1. Rosenberg Donald J sold $588,767 worth of stock.

Wall Street await QUALCOMM, Inc. (NASDAQ:QCOM) to release earnings on November, 1 after the close. Analysts forecast EPS of $0.69, down exactly $0.48 or 41.03 % from 2014’s $1.17 EPS. The expected QCOM’s profit could reach $1.02 billion giving the stock 19.14 P/E in the case that $0.69 earnings per share is reported. After posting $0.70 EPS for the previous quarter, QUALCOMM, Inc.’s analysts now forecast -1.43 % negative EPS growth. The stock decreased 0.34% or $0.18 during the last trading session, reaching $52.82. About 6.31M shares traded. QUALCOMM, Inc. (NASDAQ:QCOM) has risen 9.31% since October 13, 2016 and is uptrending. It has underperformed by 7.39% the S&P500.

QUALCOMM, Inc. (NASDAQ:QCOM) Ratings Coverage

Among 35 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 13 have Buy rating, 1 Sell and 21 Hold. Therefore 37% are positive. Qualcomm Inc. had 104 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Thursday, January 26. RBC Capital Markets maintained QUALCOMM, Inc. (NASDAQ:QCOM) rating on Thursday, November 5. RBC Capital Markets has “Outperform” rating and $72 target. The rating was maintained by Topeka Capital Markets with “Hold” on Thursday, January 28. Canaccord Genuity maintained the shares of QCOM in report on Monday, June 26 with “Buy” rating. The stock has “Outperform” rating by Cowen & Co on Thursday, November 5. On Monday, January 23 the stock rating was downgraded by Nomura to “Neutral”. The firm earned “Hold” rating on Thursday, November 5 by Topeka Capital Markets. BMO Capital Markets downgraded the stock to “Underperform” rating in Friday, July 15 report. The stock has “Outperform” rating by Cowen & Co on Wednesday, December 16. The stock has “Hold” rating by Bernstein on Wednesday, July 19.

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 $77.97 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 20.22 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: Bloomberg.com which released: “Qualcomm Seeks China iPhone Ban, Escalating Apple Legal Fight” on October 13, 2017, also Seekingalpha.com with their article: “Qualcomm: More Declines Ahead” published on September 21, 2017, Fool.com published: “Is This Qualcomm, Inc. Snapdragon 845 Performance Leak Legit?” on October 04, 2017. More interesting news about QUALCOMM, Inc. (NASDAQ:QCOM) were released by: Benzinga.com and their article: “The Latest Developments Between Apple And Qualcomm” published on October 13, 2017 as well as Seekingalpha.com‘s news article titled: “Buy Qualcomm Before Apple Starts Paying Royalties Again” with publication date: October 05, 2017.

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