As Qualcomm INC (QCOM) Valuation Rose, Shareholder Klingenstein Fields & Co LLC Has Lowered Holding

November 15, 2017 - By Henry Gaston

Investors sentiment decreased to 0.98 in 2017 Q2. Its down 0.05, from 1.03 in 2017Q1. It is negative, as 89 investors sold QCOM 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. Ontario Teachers Pension Plan Board holds 0.03% or 44,265 shares. Schulhoff holds 0.48% or 14,330 shares. Dowling And Yahnke Ltd Liability Corporation has invested 0.96% in QUALCOMM, Inc. (NASDAQ:QCOM). Stewart And Patten Communications Ltd Liability reported 175,641 shares. Hbk Sorce Advisory Ltd Limited Liability Company accumulated 17,704 shares or 0.16% of the stock. Tortoise Inv Mgmt Ltd Liability Co invested 0% in QUALCOMM, Inc. (NASDAQ:QCOM). West Oak Cap Ltd Liability Company has 21,946 shares for 0% of their portfolio. Oakbrook Invs Lc holds 1.41% or 386,325 shares. Qci Asset Mngmt reported 350 shares or 0% of all its holdings. Moreover, Bluefin Trading Limited Liability Corporation has 0.07% invested in QUALCOMM, Inc. (NASDAQ:QCOM). Fjarde Ap reported 346,712 shares. 4,177 were accumulated by Everett Harris And Ca. 57,541 are owned by Amica Pension Fund Board Of Trustees. Investec Asset Mgmt accumulated 206,351 shares. Moneta Group Investment Advisors Ltd accumulated 4,395 shares or 0.04% of the stock.

Since May 20, 2017, it had 0 insider purchases, and 3 selling transactions for $1.63 million activity. $26,922 worth of QUALCOMM, Inc. (NASDAQ:QCOM) was sold by ROGERS ALEXANDER H on Tuesday, May 30. ABERLE DEREK K sold 22,251 shares worth $1.28 million.

Klingenstein Fields & Co Llc decreased its stake in Qualcomm Inc (QCOM) by 90.99% based on its latest 2017Q2 regulatory filing with the SEC. Klingenstein Fields & Co Llc sold 120,514 shares as the company’s stock rose 2.14% with the market. The institutional investor held 11,937 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q2, valued at $659,000, down from 132,451 at the end of the previous reported quarter. Klingenstein Fields & Co Llc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $96.71B market cap company. The stock declined 0.61% or $0.4 reaching $65.6 per share. About 82,319 shares traded. QUALCOMM, Inc. (NASDAQ:QCOM) has risen 9.31% since November 15, 2016 and is uptrending. It has underperformed by 7.39% the S&P500.

Wall Street await QUALCOMM, Inc. (NASDAQ:QCOM) to release earnings on January, 24. Analysts forecast EPS of $0.77, down exactly $0.29 or 27.36 % from 2014’s $1.06 EPS. The expected QCOM’s profit could reach $1.14 billion giving the stock 21.34 P/E in the case that $0.77 earnings per share is reported. After posting $0.82 EPS for the previous quarter, QUALCOMM, Inc.’s analysts now forecast -6.10 % negative EPS growth.

More notable recent QUALCOMM, Inc. (NASDAQ:QCOM) news were published by: Reuters.com which released: “Bargaining chip? China seen closely scrutinizing Qualcomm, Broadcom deal” on November 07, 2017, also Bloomberg.com with their article: “Qualcomm Rejects Broadcom’s Bid, Setting Up $105 Billion Proxy Fight” published on November 13, 2017, Investorplace.com published: “3 Stocks to Watch on Monday: Boeing Co (BA), QUALCOMM, Inc. (QCOM) and …” on November 13, 2017. More interesting news about QUALCOMM, Inc. (NASDAQ:QCOM) were released by: Fool.com and their article: “This Might Be the Real Reason Apple, Inc. Wants Qualcomm, Inc. Out of Its iPhones” published on November 08, 2017 as well as Reuters.com‘s news article titled: “Qualcomm signs $12 billion in China deals amid Trump visit” with publication date: November 09, 2017.

QUALCOMM, Inc. (NASDAQ:QCOM) Ratings Coverage

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 1 Sell and 19 Hold. Therefore 44% are positive. Qualcomm Inc. had 120 analyst reports since July 23, 2015 according to SRatingsIntel. JP Morgan upgraded the shares of QCOM in report on Monday, May 22 to “Overweight” rating. The stock of QUALCOMM, Inc. (NASDAQ:QCOM) has “Hold” rating given on Thursday, November 5 by Topeka Capital Markets. The firm has “Overweight” rating given on Friday, December 4 by Pacific Crest. The rating was maintained by Canaccord Genuity with “Buy” on Friday, August 14. Northland Capital maintained QUALCOMM, Inc. (NASDAQ:QCOM) rating on Friday, June 23. Northland Capital has “Buy” rating and $7500 target. RBC Capital Markets maintained QUALCOMM, Inc. (NASDAQ:QCOM) on Monday, October 3 with “Sector Perform” rating. Stifel Nicolaus maintained QUALCOMM, Inc. (NASDAQ:QCOM) on Thursday, July 23 with “Buy” rating. On Friday, September 15 the stock rating was upgraded by Northland Capital to “Outperform”. On Wednesday, July 19 the stock rating was maintained by BMO Capital Markets with “Hold”. The company was maintained on Thursday, January 28 by Topeka Capital Markets.

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