Clearbridge LLC Trims Stake in QUALCOMM, Inc. (QCOM)

Clearbridge LLC Trims Stake in QUALCOMM, Inc. (QCOM)

Kelly Lawrence W & Associates Inc who had been investing in Qualcomm Inc. for a number of months, seems to be less bullish one the $82.50 billion market cap company. Tradewinds Capital Management LLC now owns 1,785 shares of the wireless technology company's stock worth $122,000 after buying an additional 81 shares during the last quarter. Following the completion of the sale, the executive vice president now directly owns 136,482 shares in the company, valued at approximately $8,551,962.12. THOMPSON JAMES H sold $3.14 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) on Friday, March 9. It has underperformed by 14.76% the S&P500. The institutional investor held 54,930 shares of the railroads company at the end of 2017Q4, valued at $4.53M, up from 47,744 at the end of the previous reported quarter. The short ratio in the company's stock is documented at 1.40 and the short float is around of 1.31%. The stock decreased 0.56% or $0.3125 during the last trading session, reaching $55.4175. About 6.48M shares traded or 44.91% up from the average. NXP Semiconductors N.V. (NASDAQ:NXPI) has risen 17.73% since April 15, 2017 and is uptrending. It has outperformed by 5.67% the S&P500. Vetr upgraded shares of QUALCOMM from a "hold" rating to a "buy" rating and set a $74.63 target price for the company in a research report on Friday, January 26th. The wireless technology company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.07. The low EPS estimate is $0.65, while the high EPS estimate is $0.73.

Investors sentiment decreased to 0.83 in 2017 Q4. That's change of 0.02, from 2017Q3's 0.85. It turned negative, as 89 investors sold QCOM shares while 518 reduced holdings. 160 funds amassed holdings and 346 increased holdings. Dynamic Advisors Solutions Lc holds 46,459 shares. The New York-based Stone Ridge Asset Mngmt Ltd Liability Corporation has invested 0.03% in QUALCOMM Incorporated (NASDAQ:QCOM). Mirae Asset Global Investments Limited holds 0.18% of its capital in QUALCOMM Incorporated (NASDAQ:QCOM) for 204,425 shs. Stoneridge Invest Partners Limited Liability Company owns 461,689 shares or 1.29% of their U.S. portfolio. Brookstone Capital Mngmt holds 82,211 shares. 20,664 were reported by Drw Securities Ltd Liability Com. 317,996 were accumulated by Piedmont Invest Advsr Lc. Twin Secs Inc stated it has 0.2% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Lmr Prtn Llp stated it has 0.24% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Cornerstone Incorporated holds 5,560 shares. Atwood Palmer Inc has 4,800 shares. Moreover, Patten And Patten Inc Tn has 0.32% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 49,915 shares.

QCOM registered $6.14 million net activity with 0 insider purchases and 6 insider sales since October 27, 2017. Rothschild Corp Il invested 1.26% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM).

In other QUALCOMM news, EVP Alexander H. Rogers sold 713 shares of the company's stock in a transaction that occurred on Monday, January 29th.

Ruffer LLP reduced its position in shares of QUALCOMM, Inc.

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". Therefore 43% are positive. QUALCOMM, Inc. has a 1-year low of $48.92 and a 1-year high of $69.28. QUALCOMM has an average rating of "Hold" and a consensus target price of $67.82. Susquehanna Bancshares Inc started coverage on QUALCOMM in a research report on Tuesday, December 20th. The company was downgraded on Tuesday, January 24 by Charter Equity. The firm has "Hold" rating by Credit Suisse given on Thursday, January 18. The firm has "Buy" rating given on Thursday, July 23 by Brean Capital. The company was upgraded on Monday, November 13 by Langenberg. The rating was maintained by KeyBanc Capital Markets on Thursday, February 1 with "Overweight". The rating was maintained by Morgan Stanley on Wednesday, December 13 with "Equal-Weight". The stock rating was downgraded by Stifel Nicolaus to "Hold" on Wednesday, March 7. Amica Pension Fund Board Of Trustees owns 16,575 shares or 0.22% of their USA portfolio. Therefore 55% are positive. The stock was sold at an average price of $65.68, for a total value of $763,267.28. The rating was maintained by Canaccord Genuity on Wednesday, May 31 with "Buy". Barclays Capital maintained The Descartes Systems Group Inc (NASDAQ:DSGX) rating on Friday, May 27. Canaccord Genuity has "Buy" rating and $86.0 target. Using market capitalization to show the size of a company is important because company size is a basic determinant of various characteristics in which shareholders are interested, counting risk. The rating was maintained by Northland Capital on Thursday, November 2 with "Buy". The stock has "Sector Perform" rating by RBC Capital Markets on Monday, October 3. Stifel Nicolaus maintained the shares of GE in report on Thursday, February 15 with "Hold" rating.

Btr Capital Management Inc, which manages about $543.26 million and $510.95 million US Long portfolio, decreased its stake in Kinder Morgan Inc (NYSE:KMI) by 37,026 shares to 391,172 shares, valued at $7.07M in 2017Q4, according to the filing. Connors Investor Services Inc. grew its stake in QUALCOMM by 1.6% during the second quarter.

Analysts await The Descartes Systems Group Inc (NASDAQ:DSGX) to report earnings on May, 30. They expect $0.11 earnings per share, up 22.22% or $0.02 from last year's $0.09 per share. DSGX's profit will be $8.11 million for 66.36 P/E if the $0.11 EPS becomes a reality.

Earnings per Share Details of QUALCOMM Incorporated: The EPS of QCOM is strolling at -2.45, measuring its EPS growth this year at -56.5 percent.

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