Analysts See $0.58 EPS for QUALCOMM Incorporated (QCOM)

June 14, 2018 - By Stephen Andrade

QUALCOMM Incorporated (NASDAQ:QCOM) LogoInvestors sentiment decreased to 0.78 in 2018 Q1. Its down 0.05, from 0.83 in 2017Q4. It fall, 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.
Peddock Capital Advsr Limited Liability Corporation invested in 0.01% or 321 shares. Busey holds 0.46% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 79,377 shares. Osborne Prns Capital Limited Liability Company owns 0.95% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 124,370 shares. 204,110 are held by Greylin Investment Mangement. Tortoise Investment Mngmt owns 175 shares or 0% of their US portfolio. Aperio Group Limited Liability Co holds 0.17% or 624,173 shares in its portfolio. Wesbanco Fincl Bank reported 12,475 shares. Janney Montgomery Scott Limited Liability invested in 259,817 shares or 0.14% of the stock. Deutsche Financial Bank Ag has 3.60 million shares. Snow L P holds 0.92% or 360,217 shares. Baker Avenue Asset Mgmt L P invested in 239,633 shares. Regions Financial Corporation owns 891,437 shares. Glob X Management Company Lc owns 55,199 shares. Botty Limited has 0.24% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 12,095 shares. Pure Fin Advisors reported 20,677 shares.

Since January 9, 2018, it had 0 insider purchases, and 9 sales for $7.68 million activity. GROB MATTHEW S sold $2.81 million worth of stock or 43,000 shares. $852,989 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by AMON CRISTIANO R. THOMPSON JAMES H sold 50,126 shares worth $3.14 million. 11,670 shares were sold by Rosenberg Donald J, worth $618,603.

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 7.26M 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 stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by RBC Capital Markets on Thursday, May 10. The rating was maintained by Susquehanna on Tuesday, January 16 with “Buy”. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by Cowen & Co on Wednesday, January 31. The firm earned “Underweight” rating on Monday, March 19 by Morgan Stanley. Deutsche Bank maintained the shares of QCOM in report on Thursday, March 15 with “Hold” rating. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Neutral” rating by Macquarie Research on Thursday, April 26. The stock has “Buy” rating by Susquehanna on Monday, March 26. Stifel Nicolaus maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, April 26 with “Hold” rating. Citigroup maintained it with “Hold” rating and $5600 target in Thursday, April 26 report. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by Canaccord Genuity on Thursday, April 19.

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: Seekingalpha.com which released: “NXP +8.3% on report China has OK’d Qualcomm deal” on June 14, 2018, also Nasdaq.com with their article: “Microsoft Corporation and Cloud Kings Become Chip Giants” published on June 13, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” on June 12, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Fool.com and their article: “Broadcom’s Reputation Took an Unfair Hit During Qualcomm Saga” published on June 12, 2018 as well as Globenewswire.com‘s news article titled: “Hagens Berman Alerts Investors in Qualcomm Incorporated (NASDAQ: QCOM) to the August 7, 2018 Securities Class …” with publication date: June 13, 2018.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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