As Qualcomm INC (QCOM) Market Value Declined, Shareholder Eaton Vance Management Decreased Its Position by $22.78 Million

April 21, 2018 - By Vivian Currie

QUALCOMM Incorporated (NASDAQ:QCOM) LogoInvestors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It worsened, as 89 investors sold QCOM shares while 518 reduced holdings. 160 funds opened positions while 346 raised stakes. 1.11 billion shares or 0.73% more from 1.10 billion shares in 2017Q3 were reported. Torch Wealth Ltd Company owns 0.26% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 6,550 shares. Rafferty Asset Management Ltd invested 0.59% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). State Of Wisconsin Invest Board owns 2.01M shares. Gulf Int Bank & Trust (Uk) Ltd owns 469,385 shares. Monetary Management Gru Inc has 0.34% invested in QUALCOMM Incorporated (NASDAQ:QCOM). America First Investment Ltd Liability, a Nebraska-based fund reported 35 shares. Millennium Limited Liability Corp stated it has 765,501 shares. The Pennsylvania-based Girard Prtnrs Ltd has invested 0.04% in QUALCOMM Incorporated (NASDAQ:QCOM). British Columbia Investment Management holds 0.32% or 711,295 shares in its portfolio. California State Teachers Retirement System owns 2.64 million shares or 0.35% of their US portfolio. Van Strum Towne Incorporated has 11,952 shares for 0.51% of their portfolio. Bragg Fin Advsr Incorporated has invested 0.44% in QUALCOMM Incorporated (NASDAQ:QCOM). Fincl Bank Of Hawaii owns 21,689 shares. M Holdg Securities reported 16,046 shares stake. Dumont Blake Invest Advsrs Limited Liability stated it has 0.2% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM).

Since October 27, 2017, it had 0 buys, and 6 sales for $6.14 million activity. On Monday, January 29 ROGERS ALEXANDER H sold $48,627 worth of QUALCOMM Incorporated (NASDAQ:QCOM) or 713 shares. Shares for $3.14 million were sold by THOMPSON JAMES H.

Eaton Vance Management decreased its stake in Qualcomm Inc (QCOM) by 5.64% based on its latest 2017Q4 regulatory filing with the SEC. 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 $381.47M, down from 6.31M at the end of the previous reported quarter. Eaton Vance Management who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $76.15 billion market cap company. The stock decreased 2.15% or $1.13 during the last trading session, reaching $51.44. About 10.81 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 21, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Eaton Vance Management, which manages about $88.88B and $41.30 billion US Long portfolio, upped its stake in Boston Properties Inc (NYSE:BXP) by 53,662 shares to 452,551 shares, valued at $58.85M in 2017Q4, according to the filing. It also increased its holding in Lpl Finl Hldgs Inc (NASDAQ:LPLA) by 106,602 shares in the quarter, for a total of 206,073 shares, and has risen its stake in International Business Machs (NYSE:IBM).

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on April, 25 after the close. They expect $0.55 earnings per share, down 54.17 % or $0.65 from last year’s $1.2 per share. QCOM’s profit will be $814.20 million for 23.38 P/E if the $0.55 EPS becomes a reality. After $0.85 actual earnings per share reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -35.29 % negative EPS growth.

QUALCOMM Incorporated (NASDAQ:QCOM) Ratings Coverage

Among 20 analysts covering Qualcomm Inc (NASDAQ:QCOM), 10 have Buy rating, 1 Sell and 9 Hold. Therefore 50% are positive. Qualcomm Inc had 41 analyst reports since October 30, 2017 according to SRatingsIntel. As per Thursday, April 19, the company rating was maintained by Stifel Nicolaus. The company was maintained on Friday, April 13 by RBC Capital Markets. As per Monday, January 29, the company rating was maintained by RBC Capital Markets. The company was maintained on Monday, November 6 by UBS. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, April 19. The stock has “Hold” rating by Wells Fargo on Monday, November 6. Mizuho maintained the shares of QCOM in report on Wednesday, April 18 with “Buy” rating. The company was maintained on Tuesday, February 13 by Charter Equity. Stifel Nicolaus maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, November 2. Stifel Nicolaus has “Buy” rating and $65.0 target. The company was maintained on Wednesday, April 4 by RBC Capital Markets.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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