Analysts See $0.58 EPS for QUALCOMM Incorporated (QCOM)

June 13, 2018 - By Mari Anderson

QUALCOMM Incorporated (NASDAQ:QCOM) LogoInvestors sentiment decreased to 0.78 in Q1 2018. Its down 0.05, from 0.83 in 2017Q4. It dived, 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.
Brinker has 66,548 shares. Ameritas Invest Inc has invested 0.15% in QUALCOMM Incorporated (NASDAQ:QCOM). Pineno Levin And Ford Asset Mgmt Incorporated invested in 26,474 shares. Sumitomo Mitsui Asset Management Communications holds 0.08% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 102,430 shares. Moreover, Rhumbline Advisers has 0.31% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 2.71M shares. The Michigan-based Ally has invested 0.73% in QUALCOMM Incorporated (NASDAQ:QCOM). 629,619 are owned by Clearbridge Investments Ltd Limited Liability Company. Daiwa Securities Grp Inc holds 0.03% or 66,270 shares. The California-based Franklin has invested 0.01% in QUALCOMM Incorporated (NASDAQ:QCOM). Peapack Gladstone Fincl holds 206,074 shares. Burke Herbert Bank & Trust Com holds 12,191 shares. Middleton Inc Ma has 104,796 shares for 1.04% of their portfolio. Moreover, Oak Ridge Investments Ltd Liability Company has 0.07% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 22,154 shares. Cibc Bank & Trust Usa holds 0.03% or 4,180 shares. Martin Commerce Tn invested in 0.58% or 31,682 shares.

Since January 9, 2018, it had 0 insider buys, and 9 sales for $7.68 million activity. The insider THOMPSON JAMES H sold 50,126 shares worth $3.14M. Rosenberg Donald J had sold 11,670 shares worth $618,603 on Tuesday, May 8. ROGERS ALEXANDER H had sold 662 shares worth $33,597. AMON CRISTIANO R sold 16,082 shares worth $852,989.

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 rating was maintained by Stifel Nicolaus with “Hold” on Monday, February 5. The firm earned “Underweight” rating on Monday, March 19 by Morgan Stanley. The firm has “Buy” rating by RBC Capital Markets given on Monday, April 23. The firm earned “Hold” rating on Tuesday, February 13 by Charter Equity. KeyBanc Capital Markets maintained it with “Overweight” rating and $73 target in Thursday, February 1 report. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by RBC Capital Markets on Friday, April 13. The firm earned “Buy” rating on Wednesday, April 18 by Mizuho. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Monday, February 19 by RBC Capital Markets. The firm has “Hold” rating by Deutsche Bank given on Thursday, March 15. The stock has “Buy” rating by Nomura on Tuesday, January 16.

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: Nasdaq.com which released: “Microsoft Corporation and Cloud Kings Become Chip Giants” on June 13, 2018, also Seekingalpha.com with their article: “Qualcomm: China Boost” published on May 29, 2018, Seekingalpha.com published: “Qualcomm not exiting data centers” on June 13, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: “NXP Semiconductors -1.8% after Senate pushback on ZTE ban lift” published on June 12, 2018 as well as Fool.com‘s news article titled: “Broadcom’s Reputation Took an Unfair Hit During Qualcomm Saga” with publication date: June 12, 2018.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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