$0.58 EPS Expected for QUALCOMM Incorporated (QCOM)

June 13, 2018 - By Richard Conner

QUALCOMM Incorporated (NASDAQ:QCOM) LogoInvestors sentiment decreased to 0.78 in 2018 Q1. Its down 0.05, from 0.83 in 2017Q4. It worsened, 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.
Kornitzer Cap Management Ks holds 0.45% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 476,392 shares. Baldwin Invest Mngmt Limited Liability has 0.32% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 16,008 shares. Btim Corp reported 0.02% in QUALCOMM Incorporated (NASDAQ:QCOM). Pittenger & Anderson accumulated 625 shares. Plancorp Limited Liability Com reported 6,231 shares. Sol Com invested 0.18% in QUALCOMM Incorporated (NASDAQ:QCOM). Tocqueville Asset Mgmt L P holds 544,050 shares. Community State Bank Na reported 8,946 shares. Gotham Asset Mngmt Ltd Com has 0.46% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Rowland And Investment Counsel Adv invested in 0% or 83,860 shares. Hussman Strategic Advsrs Inc reported 1,200 shares or 0.02% of all its holdings. Jpmorgan Chase Commerce has 9.17M shares. Castleark Ltd Limited Liability Company owns 0.01% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 6,950 shares. Bank Of Montreal Can reported 0.15% in QUALCOMM Incorporated (NASDAQ:QCOM). Moreover, Boys Arnold And has 0.18% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 23,840 shares.

Since January 9, 2018, it had 0 buys, and 9 selling transactions for $7.68 million activity. On Tuesday, January 9 the insider GROB MATTHEW S sold $2.81 million. 16,082 shares were sold by AMON CRISTIANO R, worth $852,989. Rosenberg Donald J had sold 11,670 shares worth $618,603. On Friday, March 9 the insider THOMPSON JAMES H sold $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 $859.92 million giving it 25.53 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 decreased 0.95% or $0.57 during the last trading session, reaching $59.22. About 6.96 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since June 14, 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 “Hold” rating on Thursday, March 15 by Deutsche Bank. The firm has “Buy” rating given on Friday, April 13 by RBC Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Monday, January 29. The stock has “Buy” rating by Canaccord Genuity on Tuesday, March 13. The rating was maintained by Northland Capital on Thursday, February 1 with “Buy”. On Wednesday, May 16 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was maintained by Susquehanna with “Buy” on Thursday, April 26. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, April 25 report. The company was maintained on Tuesday, January 16 by Susquehanna. The firm has “Neutral” rating by UBS given on Thursday, April 26.

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 $87.80 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: Seekingalpha.com which released: “NXP Semiconductors -1.8% after Senate pushback on ZTE ban lift” on June 12, 2018, also Seekingalpha.com with their article: “Qualcomm: China Boost” published on May 29, 2018, Globenewswire.com published: “Hagens Berman Alerts Investors in Qualcomm Incorporated (NASDAQ: QCOM) to the August 7, 2018 Securities Class …” on June 13, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Fool.com and their article: “Broadcom’s Reputation Took an Unfair Hit During Qualcomm Saga” published on June 12, 2018 as well as Fool.com‘s news article titled: “Better Buy: Qualcomm Inc. vs. Corning Inc.” with publication date: June 12, 2018.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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