Qualcomm INC (QCOM) Shareholder Cadence Capital Management LLC Decreased Stake

April 17, 2018 - By Richard Doty

QUALCOMM Incorporated (NASDAQ:QCOM) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 0.83. That’s change of 0.02, from 2017Q3’s 0.85. 89 investors sold all, 518 reduced holdings as QCOM ratio worsened. 346 grew positions while 160 funds acquired positions. Funds hold 1.11 billion shares thus 0.73% more from 2017Q3’s 1.10 billion shares. Omni Partners Ltd Liability Partnership stated it has 5,203 shs. Lombard Odier Asset Mngmt (Usa) holds 50,000 shs or 0.25% of its capital. Tudor Inv Et Al accumulated 0.08% or 48,124 shs. Capstone Investment Advsrs Ltd Liability holds 0.09% or 50,009 shs. Mariner Wealth Advsr Ltd Com owns 33,504 shs for 0.08% of their capital. United Cap Fin Advisers Llc owns 586,163 shs. Us-based Ancora Advisors Lc has invested 0.18% in QUALCOMM Incorporated (NASDAQ:QCOM). Comerica Bank & Trust owns 394,490 shs or 0.18% of their US capital. The Georgia-based Voya Inv Ltd Company has invested 0.09% in QUALCOMM Incorporated (NASDAQ:QCOM). Ccm Investment Advisers Ltd Com holds 0.16% of its capital in QUALCOMM Incorporated (NASDAQ:QCOM) for 13,355 shs. Odey Asset Mngmt Grp invested in 32,000 shs. Stratos Wealth Ltd holds 161,144 shs or 0.46% of its capital. Fifth Third Natl Bank has invested 0.34% in QUALCOMM Incorporated (NASDAQ:QCOM). Pointstate Limited Partnership invested in 824,800 shs or 0.51% of the stock. Old Dominion Cap Mgmt reported 0.79% stake.

QCOM registered $6.14 million net activity with 0 insider purchases and 6 insider sales since October 27, 2017. Another trade for 50,126 shs valued at $3.14M was sold by THOMPSON JAMES H. On Tuesday, January 9 GROB MATTHEW S sold $2.81M worth of QUALCOMM Incorporated (NASDAQ:QCOM).

In 2017Q4 Securities and Exchange filling is reported Cadence Capital Management Llc’s holdings in Qualcomm Inc (QCOM) which was reduced by 22.92%. The company’s stock declined 15.28% with the market as Cadence Capital Management Llc sold 58,565 shares. The radio and television broadcasting and communications equipment company at the end of 2017Q4 was priced at $12.61M. It’s down from 255,475 at the end of the previous reported quarter. Now it had 196,910 shares held by the institutional investor . For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on April, 18. 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 $814.19M for 24.90 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

Total analysts of 20 have positions in Qualcomm Inc (NASDAQ:QCOM) as follows: 10 rated it a “Buy”, 1 with “Sell” and 9 with “Hold”. The positive are 50%. The firm has $315.0 highest while $53 is the lowest [Target]. The average target $83.35 is 52.18% above the last ($54.77) price. Since October 30, 2017 according to StockzIntelligence Inc Qualcomm Inc has 38 analyst reports. On Tuesday, January 16 the company was upgraded by Nomura. On Monday, March 26 the rating was maintained by Susquehanna with “Buy”. The stock rating was maintained by RBC Capital Markets with “Buy” on Wednesday, April 4. The stock rating was maintained by Stifel Nicolaus with “Buy” on Thursday, November 2. On Monday, February 5 the stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Hold” rating given by Stifel Nicolaus. On Monday, January 29 the stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by RBC Capital Markets. On Thursday, November 2 the rating was maintained by Bernstein with “Hold”. The company rating was downgraded by Standpoint Research on Monday, November 6. In Wednesday, November 1 report Canaccord Genuity maintained it with “Buy” rating and $70.0 target. On Friday, April 13 the stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given by RBC Capital Markets.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Investors Chart

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