QUALCOMM Incorporated (QCOM) Analysts See $0.69 EPS

October 14, 2018 - By Winifred Garcia

QUALCOMM Incorporated (NASDAQ:QCOM) LogoInvestors sentiment increased to 0.94 in Q2 2018. Its up 0.16, from 0.78 in 2018Q1. It improved, as 71 investors sold QUALCOMM Incorporated shares while 446 reduced holdings. 110 funds opened positions while 376 raised stakes. 1.10 billion shares or 0.53% less from 1.11 billion shares in 2018Q1 were reported.
Hyman Charles D holds 0.05% or 7,956 shares in its portfolio. Robeco Institutional Asset Bv holds 0.05% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 172,017 shares. 5,463 were accumulated by Ashfield Prns Ltd. First Long Island Lc has 2.04% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Mirador Cap Ltd Partnership holds 0.79% or 25,939 shares in its portfolio. State Of Tennessee Treasury Department owns 519,988 shares. Geode Limited Co holds 0.29% or 17.04M shares. Segall Bryant Hamill Lc holds 0.12% or 136,021 shares. Capital Interest Limited Ca reported 120,273 shares. California-based Wetherby Asset Management has invested 0.16% in QUALCOMM Incorporated (NASDAQ:QCOM). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt holds 0.01% or 24,900 shares in its portfolio. Landscape Cap Limited Co stated it has 0.05% in QUALCOMM Incorporated (NASDAQ:QCOM). Amer Assets Invest Lc reported 24,500 shares. Services Automobile Association holds 131,116 shares or 0.03% of its portfolio. Estabrook Capital Management reported 2,185 shares.

Since April 27, 2018, it had 0 insider buys, and 6 selling transactions for $1.70 million activity. $618,603 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by Rosenberg Donald J on Tuesday, May 8. 16,082 shares valued at $852,989 were sold by AMON CRISTIANO R on Tuesday, May 8.

Analysts expect QUALCOMM Incorporated (NASDAQ:QCOM) to report $0.69 EPS on November, 7.They anticipate $0.13 EPS change or 15.85 % from last quarter’s $0.82 EPS. QCOM’s profit would be $1.01B giving it 23.29 P/E if the $0.69 EPS is correct. After having $0.91 EPS previously, QUALCOMM Incorporated’s analysts see -24.18 % EPS growth. It closed at $64.29 lastly. It is up 40.96% since October 14, 2017 and is uptrending. It has outperformed by 25.34% the S&P500.

QUALCOMM Incorporated (NASDAQ:QCOM) Ratings Coverage

Among 13 analysts covering Qualcomm Inc (NASDAQ:QCOM), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Qualcomm Inc had 25 analyst reports since April 18, 2018 according to SRatingsIntel. On Monday, August 20 the stock rating was upgraded by Rosenblatt to “Buy”. The rating was maintained by Canaccord Genuity with “Buy” on Wednesday, April 25. Susquehanna maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, April 26 with “Buy” rating. Stifel Nicolaus maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, July 26. Stifel Nicolaus has “Hold” rating and $58 target. Stifel Nicolaus maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, April 26. Stifel Nicolaus has “Hold” rating and $54 target. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, April 19 report. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by Mizuho on Wednesday, April 18. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Outperform” rating given on Monday, August 6 by Cowen & Co. Nomura maintained the shares of QCOM in report on Tuesday, September 4 with “Buy” rating. UBS maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, April 26. UBS has “Neutral” rating and $53 target.

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 $94.45 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: Fool.com which released: “6 Reasons Qualcomm’s CEO Didn’t Deserve a Raise” on September 27, 2018, also Fool.com with their article: “Qualcomm’s Fingerprint Scanner Business May Have Scored a Significant Win” published on October 04, 2018, Seekingalpha.com published: “Is This High-Yield Tech Blue Chip A Value Trap? 6 Things Investors Need To Know” on October 11, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: 247Wallst.com and their article: “The 6 Most Shorted Nasdaq Stocks” published on October 10, 2018 as well as Seekingalpha.com‘s news article titled: “Bloomberg: Qualcomm plans to give CEO a raise” with publication date: September 19, 2018.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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