Qualcomm Inc Sentiment Worsening on Low Stock Potential

Jennison Associates LLC now owns 17,576,366 shares of the wireless technology company's stock valued at $1,203,981,000 after buying an additional 10,234,556 shares in the last quarter. The Gateway Investment Advisers Llc holds 878,404 shares with $45.54 million value, up from 851,236 last quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company's stock worth $160,000 after buying an additional 842 shares in the last quarter. The company now has an average rating of "Hold" and a consensus target price of $66.06. It has underperformed by 16.70% the S&P500.

Private Asset Management Inc decreased its stake in Qualcomm Inc (QCOM) by 94.89% based on its latest 2017Q3 regulatory filing with the SEC. Compass Capital Management Inc acquired 34,161 shares as Qualcomm Inc (QCOM)'s stock rose 2.14%. The institutional investor held 77,215 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $4.00M, up from 65,525 at the end of the previous reported quarter. Eagle Ridge Investment Management who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $96.88 billion market cap company. The stock increased 0.89% or $1.74 during the last trading session, reaching $196.42. About 4.23 million shares traded.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 1st. It has underperformed by 7.39% the S&P500.

Investors sentiment increased to 1.17 in 2017 Q3. Its down 0.10, from 1.36 in 2017Q2. Peak6 Invests Limited Partnership has 235,164 shares. 125 funds opened positions while 492 raised stakes. First Personal Fincl Svcs invested in 0.06% or 5,516 shares. Verity Asset Mngmt Incorporated reported 4,844 shares or 0.19% of all its holdings. Afam Capital Incorporated holds 0.57% or 90,798 shares in its portfolio. (NYSE:T) for 60,000 shares. Lowe Brockenbrough & reported 121,973 shares. Pittenger Anderson has 0% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Tradewinds Cap Management Lc accumulated 0.04% or 2,762 shares. Capstone Investment Advisors Netherlands B.V. acquired a new stake in shares of QUALCOMM in the second quarter valued at approximately $141,000. Td Asset Mgmt stated it has 1.06M shares. (NYSE:PSB). Amer Int, New York-based fund reported 15,671 shares. First Midwest Fincl Bank Tru Division owns 5,345 shares or 0.03% of their USA portfolio. Tiaa Cref Mngmt has 0.01% invested in PS Business Parks, Inc. Veritas Asset Management Llp, a United Kingdom-based fund reported 13.43 million shares.#img1#.

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Analysts await International Flavors & Fragrances Inc. Brean Capital has "Buy" rating and $72 target. Therefore 92% are positive. Citigroup Inc. had 108 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus reiterated a "buy" rating on shares of QUALCOMM in a research report on Thursday, October 12th. Barclays Capital maintained AT&T Inc. JP Morgan has "Overweight" rating and $1000 target. The rating was maintained by Credit Suisse on Friday, September 8 with "Outperform". The firm has "Hold" rating by Deutsche Bank given on Wednesday, October 25. Cowen and Company reaffirmed an "outperform" rating and set a $74.00 price target on shares of QUALCOMM in a research note on Saturday, October 29th.

Since August 20, 2017, it had 0 insider purchases, and 5 insider sales for $3.11 million activity. ROGERS ALEXANDER H sold $19,117 worth of stock.

In other news, EVP Michelle M. Sterling sold 7,840 shares of the business's stock in a transaction that occurred on Tuesday, November 21st. As per Monday, January 23, the company rating was downgraded by CLSA. They expect $1.12 earnings per share, up 30.23% or $0.26 from last year's $0.86 per share. PARR's profit will be $10.99 million for 19.72 P/E if the $0.24 EPS becomes a reality. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. sell-side analysts anticipate that QUALCOMM, Inc. will post 3.07 EPS for the current fiscal year. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Therefore 42% are positive. Amazon.com had 246 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Buy" rating by Canaccord Genuity given on Wednesday, November 1. On Tuesday, March 7 the stock rating was upgraded by William Blair to "Outperform". The rating was upgraded by Northland Capital to "Outperform" on Friday, September 15. Finally, Standpoint Research cut QUALCOMM from a "buy" rating to a "hold" rating in a report on Monday, November 6th. On Friday, July 15 the stock rating was downgraded by BMO Capital Markets to "Underperform". (NYSE:IFF) earned "Hold" rating by Stifel Nicolaus on Tuesday, November 8. The company was maintained on Thursday, July 20 by Raymond James. Axa holds 3.48M shares or 0.78% of its portfolio. Par Pacific Holdings, Inc.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.13, from 0.98 in 2017Q2. It turned negative, as 73 investors sold AMZN shares while 549 reduced holdings. BlackRock Fund Advisors boosted its position in shares of QUALCOMM by 16.5% in the third quarter. Madison Invest Hldgs Incorporated has invested 0.27% in QUALCOMM Incorporated (NASDAQ:QCOM). Corporate insiders own 0.24% of the company's stock. Legg Mason Asset (Japan) Company Limited invested 1.67% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Intrust Bancorp Na has 0.08% invested in QUALCOMM Incorporated (NASDAQ:QCOM). The firm earned "Neutral" rating on Friday, February 12 by Mizuho. Cardinal Capital Mngmt reported 64,482 shares. GROB MATTHEW S also sold $2.81 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) on Tuesday, January 9. Whittier Trust Co Of Nevada holds 0.16% or 33,457 shares. Following the completion of the sale, the executive vice president now owns 43,000 shares in the company, valued at $2,810,050. Macquarie Gp Ltd owns 294,785 shares. New York-based M&T Bank has invested 0.37% in QUALCOMM Incorporated (NASDAQ:QCOM).

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