Petersen Flynn & Dinsmore INC Trimmed Its Stake in Qualcomm INC (QCOM) as Share Price Declined

May 26, 2018 - By Vivian Park

QUALCOMM Incorporated (NASDAQ:QCOM) LogoInvestors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It fall, 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. Livingston Grp Inc Asset (Operating As Southport Cap Management) reported 35,440 shares. The Australia-based Amp Ltd has invested 0.26% in QUALCOMM Incorporated (NASDAQ:QCOM). Virtus Investment Advisers owns 80,730 shares. Williams Jones Associates Ltd Liability Company, New York-based fund reported 15,850 shares. Rhenman & Asset reported 5,368 shares. Lloyds Gp Public Ltd invested in 0.1% or 177 shares. Boyd Watterson Asset Oh invested in 12,459 shares or 0.39% of the stock. Ww Asset Management Inc stated it has 0.27% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Btim Corp owns 21,515 shares or 0.02% of their US portfolio. 36,547 are held by Hengehold Mngmt Ltd Com. Plancorp Limited holds 0.13% or 6,231 shares in its portfolio. Wendell David Assocs owns 51,270 shares. Colrain Capital Limited Liability invested 4.94% in QUALCOMM Incorporated (NASDAQ:QCOM). Moreover, Bokf Na has 0.11% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 61,536 shares. Whittier Trust reported 0.1% stake.

Since January 9, 2018, it had 0 insider buys, and 8 selling transactions for $7.62 million activity. THOMPSON JAMES H sold $3.14 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) on Friday, March 9. Rosenberg Donald J sold $618,603 worth of stock or 11,670 shares. $852,989 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by AMON CRISTIANO R on Tuesday, May 8. Shares for $2.81M were sold by GROB MATTHEW S.

Petersen Flynn & Dinsmore Inc decreased its stake in Qualcomm Inc (QCOM) by 95.46% based on its latest 2017Q4 regulatory filing with the SEC. Petersen Flynn & Dinsmore Inc sold 116,937 shares as the company’s stock declined 15.28% with the market. The institutional investor held 5,560 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $356,000, down from 122,497 at the end of the previous reported quarter. Petersen Flynn & Dinsmore Inc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $88.90 billion market cap company. The stock increased 1.49% or $0.88 during the last trading session, reaching $59.96. About 10.09 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since May 26, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Petersen Flynn & Dinsmore Inc, which manages about $572.13M and $589.17 million US Long portfolio, upped its stake in Reliance Steel & Aluminum Co (NYSE:RS) by 43,646 shares to 186,610 shares, valued at $16.01M in 2017Q4, according to the filing.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on July, 18. They expect $0.58 earnings per share, down 17.14 % or $0.12 from last year’s $0.7 per share. QCOM’s profit will be $859.92 million for 25.84 P/E if the $0.58 EPS becomes a reality. After $0.67 actual earnings per share 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: “Bloomberg: Qualcomm will unveil AR/VR chipset next week” on May 23, 2018, also Fool.com with their article: “Samsung Is Making Its Move Against Qualcomm” published on May 21, 2018, Streetinsider.com published: “Qualcomm (QCOM) Extends Cash Tender Offer for Shares of NXP (NXPI)” on May 25, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “Is It Time to Get Greedy With NXP Semiconductors NV Stock?” published on May 25, 2018 as well as Seekingalpha.com‘s news article titled: “Qualcomm: Why It’s A Bargain Right Now” with publication date: May 03, 2018.

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 36 analyst reports since November 29, 2017 according to SRatingsIntel. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, May 16. RBC Capital Markets maintained the shares of QCOM in report on Thursday, May 10 with “Buy” rating. The firm has “Neutral” rating given on Thursday, April 26 by Macquarie Research. Stifel Nicolaus maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, April 26 with “Hold” rating. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Hold” rating by BMO Capital Markets on Wednesday, April 25. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, November 29. The stock has “Buy” rating by Susquehanna on Thursday, April 26. Stifel Nicolaus maintained it with “Hold” rating and $82.0 target in Monday, February 5 report. The stock has “Buy” rating by RBC Capital Markets on Friday, May 18. Northland Capital maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, February 1 with “Buy” rating.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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