EPS for QUALCOMM, Inc. (QCOM) Expected At $0.69

October 13, 2017 - By Marie Mckinney

 EPS for QUALCOMM, Inc. (QCOM) Expected At $0.69
Investors sentiment decreased to 0.98 in Q2 2017. Its down 0.05, from 1.03 in 2017Q1. It turned negative, as 89 investors sold QUALCOMM, Inc. shares while 481 reduced holdings. 107 funds opened positions while 451 raised stakes. 1.11 billion shares or 0.00% more from 1.11 billion shares in 2017Q1 were reported.
Hgk Asset Management stated it has 0.06% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM). Motco reported 122,075 shares stake. Associated Banc has invested 0.07% in QUALCOMM, Inc. (NASDAQ:QCOM). Destination Wealth Mgmt invested 0.65% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM). Saturna holds 1.49% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM) for 813,517 shares. 68,266 were reported by Middleton Co Ma. Trust Invest Advisors stated it has 22,167 shares. Veritable Ltd Partnership reported 59,886 shares or 0.08% of all its holdings. Whittier Trust, a California-based fund reported 41,733 shares. Jackson Wealth Mgmt Lc holds 0.71% or 41,880 shares in its portfolio. 328,517 are owned by Rafferty Asset Management Limited Liability Com. Moreover, Acadian Asset Management Ltd Liability has 0% invested in QUALCOMM, Inc. (NASDAQ:QCOM) for 11,225 shares. Jennison Assoc Ltd Liability Company reported 7.20M shares. Guinness Atkinson Asset Mngmt Inc invested in 5.53% or 154,130 shares. Bangor Bank & Trust owns 28,710 shares for 0.35% of their portfolio.

Since May 11, 2017, it had 1 buying transaction, and 4 sales for $1.73 million activity. ABERLE DEREK K had sold 22,251 shares worth $1.28 million. 9,000 shares valued at $491,286 were bought by LIVERMORE ANN M on Thursday, May 11. On Tuesday, May 30 ROGERS ALEXANDER H sold $26,922 worth of QUALCOMM, Inc. (NASDAQ:QCOM) or 470 shares. 5,509 shares were sold by STERLING MICHELLE M, worth $325,654.

Investors wait QUALCOMM, Inc. (NASDAQ:QCOM) to report on November, 1 after the close. its quarterly earnings Wall Street analysts expect $0.69 earnings per share, down $0.48 or 41.03 % from last year’s $1.17 same quarter earnings. This translates into $1.02 billion profit for QCOM giving the stock a 19.14 P/E. This is assuming the current $0.69 EPS is accurate. QUALCOMM, Inc.’s Wall Street analysts see -1.43 % negative EPS growth, taking into account the $0.70 EPS reproted in the previous quarter, The stock decreased 0.34% or $0.18 during the last trading session, reaching $52.82. About 6.31M shares traded. QUALCOMM, Inc. (NASDAQ:QCOM) has risen 9.31% since October 13, 2016 and is uptrending. It has underperformed by 7.39% the S&P500.

QUALCOMM, Inc. (NASDAQ:QCOM) Ratings Coverage

Among 35 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 13 have Buy rating, 1 Sell and 21 Hold. Therefore 37% are positive. Qualcomm Inc. had 104 analyst reports since July 23, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $65.0 target in Thursday, August 24 report. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 23. The company was upgraded on Wednesday, August 19 by Vetr. As per Tuesday, August 1, the company rating was maintained by Northland Capital. BMO Capital Markets maintained QUALCOMM, Inc. (NASDAQ:QCOM) on Monday, August 21 with “Hold” rating. Stifel Nicolaus maintained QUALCOMM, Inc. (NASDAQ:QCOM) on Thursday, July 21 with “Buy” rating. The firm earned “Hold” rating on Thursday, June 9 by Brean Capital. The firm earned “Hold” rating on Thursday, August 24 by RBC Capital Markets. The stock of QUALCOMM, Inc. (NASDAQ:QCOM) earned “Buy” rating by Rosenblatt on Thursday, January 12. The rating was maintained by Mizuho on Thursday, November 5 with “Neutral”.

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access . The company has market cap of $77.97 billion. The Firm is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM) standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications. It has a 20.22 P/E ratio. The Company’s divisions include QCT (Qualcomm CDMA Technologies), QTL (Qualcomm Technology Licensing) and QSI (Qualcomm Strategic Initiatives).

More notable recent QUALCOMM, Inc. (NASDAQ:QCOM) news were published by: Fool.com which released: “Why MediaTek Is Smart to Get Out of Qualcomm, Inc.’s Way” on September 15, 2017, also Seekingalpha.com with their article: “Buy Qualcomm Before Apple Starts Paying Royalties Again” published on October 05, 2017, Benzinga.com published: “The Latest Developments Between Apple And Qualcomm” on October 13, 2017. More interesting news about QUALCOMM, Inc. (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: “Qualcomm: More Declines Ahead” published on September 21, 2017 as well as Bloomberg.com‘s news article titled: “Qualcomm Seeks China iPhone Ban, Escalating Apple Legal Fight” with publication date: October 13, 2017.

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