EPS for QUALCOMM, Inc. (QCOM) Expected At $0.69

October 13, 2017 - By Henry Gaston

 EPS for QUALCOMM, Inc. (QCOM) Expected At $0.69
Investors sentiment decreased to 0.98 in 2017 Q2. Its down 0.05, from 1.03 in 2017Q1. It fall, 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.
Reliance Communication Of Delaware holds 0.09% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM) for 10,504 shares. M&R Mngmt Inc reported 82,483 shares stake. St Germain D J Company reported 289,354 shares or 2.14% of all its holdings. Kimelman & Baird Lc has 14,549 shares. 1832 Asset Management Ltd Partnership holds 162,216 shares. Convergence Prns Limited Co invested in 28,420 shares or 0.23% of the stock. Peak Asset Mgmt Ltd has 14,165 shares for 0.29% of their portfolio. Amer Assets Investment Mgmt Ltd Liability has 35,000 shares. Peapack Gladstone Financial Corporation has 0% invested in QUALCOMM, Inc. (NASDAQ:QCOM). New Mexico-based New Mexico Educational Retirement Board has invested 0.35% in QUALCOMM, Inc. (NASDAQ:QCOM). Fincl Bank Of America De reported 20.20 million shares. 1.50 million are owned by First Eagle Ltd Liability Company. Patten Patten Tn has invested 0.32% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM). Sterneck Capital Mgmt Ltd holds 1.78% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM) for 54,035 shares. Boston Common Asset Mngmt Ltd Co accumulated 8,677 shares or 0.06% of the stock.

Since May 11, 2017, it had 1 insider purchase, and 4 sales for $1.73 million activity. ABERLE DEREK K sold 22,251 shares worth $1.28M. Another trade for 10,701 shares valued at $588,767 was sold by Rosenberg Donald J. 9,000 shares valued at $491,286 were bought by LIVERMORE ANN M on Thursday, May 11. ROGERS ALEXANDER H sold $26,922 worth of stock.

Analysts expect QUALCOMM, Inc. (NASDAQ:QCOM) to report $0.69 EPS on November, 1 after the close.They anticipate $0.48 EPS change or 41.03 % from last quarter’s $1.17 EPS. QCOM’s profit would be $1.02 billion giving it 19.14 P/E if the $0.69 EPS is correct. After having $0.70 EPS previously, QUALCOMM, Inc.’s analysts see -1.43 % 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 rating was upgraded by Northland Capital on Friday, September 15 to “Outperform”. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 21. On Tuesday, August 22 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The firm earned “Hold” rating on Monday, June 19 by Deutsche Bank. Northland Capital maintained QUALCOMM, Inc. (NASDAQ:QCOM) rating on Thursday, November 5. Northland Capital has “Market Perform” rating and $62.50 target. The firm earned “Buy” rating on Monday, October 31 by Nomura. The rating was maintained by Brean Capital on Thursday, July 23 with “Buy”. JP Morgan upgraded the stock to “Overweight” rating in Monday, May 22 report. Stifel Nicolaus maintained it with “Buy” rating and $6500 target in Friday, May 26 report. The rating was maintained by Susquehanna with “Buy” on Thursday, June 15.

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: Seekingalpha.com which released: “Qualcomm’s Other Long-Term Headwind” on September 26, 2017, also Seekingalpha.com with their article: “Buy Qualcomm Before Apple Starts Paying Royalties Again” published on October 05, 2017, Seekingalpha.com published: “Qualcomm: More Declines Ahead” on September 21, 2017. More interesting news about QUALCOMM, Inc. (NASDAQ:QCOM) were released by: Bloomberg.com and their article: “Qualcomm Fined Record $773 Million in Taiwan Antitrust Probe” published on October 11, 2017 as well as Fool.com‘s news article titled: “Is This Qualcomm, Inc. Snapdragon 845 Performance Leak Legit?” with publication date: October 04, 2017.

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