Analysts See $0.58 EPS for QUALCOMM Incorporated (QCOM)

June 14, 2018 - By Calvin Voll

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.
St Germain D J Inc has invested 2.59% in QUALCOMM Incorporated (NASDAQ:QCOM). Riverpark Advsrs Lc reported 3.34% stake. Peak Asset Mngmt Limited Liability Com reported 12,814 shares. Oakbrook Invs Ltd Co invested in 1.32% or 383,866 shares. Argent invested in 36,182 shares or 0.55% of the stock. Hills Bancorp And Com holds 26,839 shares or 0.45% of its portfolio. Meeder Asset Mngmt accumulated 12,243 shares. First Interstate Commercial Bank invested in 189,593 shares or 2.37% of the stock. 7,900 were accumulated by Gsa Prns Ltd Liability Partnership. Hudock Capital Gru Lc reported 322 shares. Piedmont Invest Advisors Limited holds 0.33% in QUALCOMM Incorporated (NASDAQ:QCOM) or 222,507 shares. Palladium Prtn Ltd Limited Liability Company owns 6,280 shares for 0.03% of their portfolio. Thrivent For Lutherans has 0.01% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 70,852 shares. Bangor Bancorporation holds 0.33% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 30,291 shares. 51,471 were accumulated by Somerset Trust Company.

Since January 9, 2018, it had 0 insider purchases, and 9 insider sales for $7.68 million activity. THOMPSON JAMES H sold $3.14M worth of stock or 50,126 shares. 11,670 QUALCOMM Incorporated (NASDAQ:QCOM) shares with value of $618,603 were sold by Rosenberg Donald J. Shares for $78,989 were sold by ROGERS ALEXANDER H. GROB MATTHEW S had sold 43,000 shares worth $2.81M.

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 $859.92M giving it 25.63 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 increased 0.41% or $0.24 during the last trading session, reaching $59.46. About 7.26 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since June 15, 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 firm has “Buy” rating given on Monday, April 23 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Buy” rating in Monday, February 19 report. Canaccord Genuity maintained it with “Buy” rating and $86.0 target in Tuesday, March 13 report. The firm earned “Hold” rating on Wednesday, April 25 by BMO Capital Markets. The firm has “Hold” rating by Deutsche Bank given on Thursday, March 15. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Neutral” rating by Macquarie Research on Thursday, April 26. The firm has “Hold” rating given on Thursday, April 26 by Citigroup. The rating was maintained by Mizuho on Wednesday, April 18 with “Buy”. KeyBanc Capital Markets maintained the shares of QCOM in report on Thursday, February 1 with “Overweight” rating. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, April 25 report.

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 $88.16 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: “Factors of Influence in 2018, Key Indicators and Opportunity within Southwestern Energy, Johnson & Johnson, Sleep …” on June 14, 2018, also Streetinsider.com with their article: “Qualcomm (QCOM) to Cut Half of jobs in Data-Center Unit, to Cut About 280 Jobs in North Carolina, California …” published on June 14, 2018, Nasdaq.com published: “There Still Is Plenty Upside Left for Micron Technology, Inc. Stock” on June 14, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “Microsoft Corporation and Cloud Kings Become Chip Giants” published on June 13, 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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