Fukoku Mutual Life Insurance Company Has Cut Its Qualcomm INC (QCOM) Stake by $5.45 Million; Stock Declined

May 16, 2018 - By Gary Horn

QUALCOMM Incorporated (NASDAQ:QCOM) LogoInvestors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It dived, 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. Edge Wealth Mngmt Llc accumulated 1,336 shares. Maplelane Capital Lc reported 1.89% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Legal General Gru Public Ltd Company owns 7.83 million shares. Barton Investment invested in 1.65% or 117,568 shares. Pacad reported 4,795 shares. Suntrust Banks Inc reported 198,020 shares or 0.07% of all its holdings. The North Carolina-based Cardinal Capital has invested 1.26% in QUALCOMM Incorporated (NASDAQ:QCOM). New Hampshire-based Ledyard National Bank & Trust has invested 0.08% in QUALCOMM Incorporated (NASDAQ:QCOM). Dimensional Fund Lp has invested 0.32% in QUALCOMM Incorporated (NASDAQ:QCOM). Sii Invests Wi has invested 0.08% in QUALCOMM Incorporated (NASDAQ:QCOM). Central Bancorporation Tru Com, a Kentucky-based fund reported 2,759 shares. Commonwealth Of Pennsylvania School Empls Retrmt stated it has 310,432 shares or 0.27% of all its holdings. California State Teachers Retirement Systems has 0.35% invested in QUALCOMM Incorporated (NASDAQ:QCOM). 13,652 are held by Tanaka Cap Mngmt Inc. First Foundation Advsr reported 249,774 shares.

Since January 9, 2018, it had 0 insider buys, and 8 selling transactions for $7.62 million activity. AMON CRISTIANO R sold 16,082 shares worth $852,989. 1,180 QUALCOMM Incorporated (NASDAQ:QCOM) shares with value of $78,989 were sold by ROGERS ALEXANDER H. Rosenberg Donald J sold $618,603 worth of stock or 11,670 shares. 50,126 shares were sold by THOMPSON JAMES H, worth $3.14 million.

Fukoku Mutual Life Insurance Company decreased its stake in Qualcomm Inc (QCOM) by 93.46% based on its latest 2017Q4 regulatory filing with the SEC. Fukoku Mutual Life Insurance Company sold 85,200 shares as the company’s stock declined 15.28% with the market. The institutional investor held 5,960 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $382,000, down from 91,160 at the end of the previous reported quarter. Fukoku Mutual Life Insurance Company who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $83.83 billion market cap company. The stock increased 1.62% or $0.9 during the last trading session, reaching $56.54. About 2.38M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since May 16, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on July, 18. They expect $0.58 EPS, down 17.14 % or $0.12 from last year’s $0.7 per share. QCOM’s profit will be $859.92 million for 24.37 P/E if the $0.58 EPS becomes a reality. After $0.67 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -13.43 % negative EPS growth.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Seekingalpha.com which released: “Qualcomm: Why It’s A Bargain Right Now” on May 03, 2018, also 247Wallst.com with their article: “US Promises Help for ZTE; China Reopens Qualcomm-NXP Merger Deliberations” published on May 15, 2018, Nasdaq.com published: “Get a Grip on 5G Technology Before You Buy These Stocks” on May 15, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “Why NXP Semiconductors NV Stock Is Soaring Today” published on May 15, 2018 as well as Nasdaq.com‘s news article titled: “Qualcomm Is Reportedly Giving Up on Server Chips” with publication date: May 10, 2018.

QUALCOMM Incorporated (NASDAQ:QCOM) Ratings Coverage

Among 17 analysts covering Qualcomm Inc (NASDAQ:QCOM), 9 have Buy rating, 1 Sell and 7 Hold. Therefore 53% are positive. Qualcomm Inc had 34 analyst reports since November 20, 2017 according to SRatingsIntel. Northland Capital maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, February 1 with “Buy” rating. The firm has “Buy” rating given on Wednesday, April 18 by Mizuho. The firm has “Buy” rating given on Wednesday, January 31 by Cowen & Co. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Overweight” rating given on Thursday, February 1 by KeyBanc Capital Markets. The firm has “Buy” rating by RBC Capital Markets given on Monday, February 19. Susquehanna maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, March 26 with “Buy” rating. The firm has “Hold” rating by BMO Capital Markets given on Monday, November 20. RBC Capital Markets maintained it with “Buy” rating and $7500 target in Monday, April 23 report. The firm has “Buy” rating by RBC Capital Markets given on Thursday, May 10. RBC Capital Markets maintained it with “Buy” rating and $8000 target in Wednesday, April 4 report.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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