Aviance Capital Management LLC Cuts Position in QUALCOMM Incorporated (QCOM)

03 December, 2017, 02:04 | Author: Terri Saunders

Lord Abbett & Company sold 383,816 shares as the company's stock rose 2.14% with the market. Wendell David Associate holds 52,188 shares. Mayo Investment Advisers Llc who had been investing in Qualcomm Inc Com for a number of months, seems to be bullish on the $96.54B market cap company. The wireless technology company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.29. Capital International Investors now owns 15,132,794 shares of the wireless technology company's stock valued at $835,633,000 after acquiring an additional 5,671,176 shares during the period.

Media stories about QUALCOMM (NASDAQ:QCOM) have trended somewhat positive on Friday, AlphaOne reports. It has underperformed by 7.39% the S&P500. Aviance Capital Management LLC's holdings in QUALCOMM were worth $6,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

In other news, EVP Matthew S. Grob sold 20,000 shares of the business's stock in a transaction on Monday, November 6th. The company's a year ago sales total was 5.99 Million. Harris Corp Del now has $17.03B valuation. The stock decreased 1.96% or $2.21 during the last trading session, reaching $110.38. Harris Corporation (NYSE:HRS) has risen 39.09% since December 2, 2016 and is uptrending. It has outperformed by 18.50% the S&P500. Jacobi Capital Management LLC increased its position in QUALCOMM by 10.8% during the first quarter. (NASDAQ:VIA). Wellington Shields Capital Mngmt owns 33,335 shares. Radian Group Ordinary (NYSE:RDN) was raised too.

QUALCOMM earned a news sentiment score of 0.25 on AlphaOne's scale.

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Whereas they predicted High and Low Earnings Estimate as $1.01 and $0.89 respectively. It turned negative, as 89 investors sold QCOM shares while 481 reduced holdings. 107 funds opened positions while 451 raised stakes. Legacy Private has 4,100 shares for 0.03% of their portfolio. The institutional investor held 211,200 shares of the television services company at the end of 2017Q2, valued at $7.09M, up from 188,700 at the end of the previous reported quarter. Amica Pension Fund Board Of Trustees reported 13,544 shares. Neville Rodie & Shaw has 3,629 shares. Optimum Advsrs holds 0.37% or 19,164 shares in its portfolio. 25,623 were accumulated by Charter Trust Co. Bluemountain Management Lc holds 0.09% or 77,106 shares in its portfolio. Tokio Marine Asset Management Ltd has 0.12% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 14,820 shares.

The stock of Qualcomm Incorporated (NASDAQ:QCOM) registered a decrease of 6.33% in short interest. Perkins Coie Trust reported 1.04% in QUALCOMM Incorporated (NASDAQ:QCOM). Csu Producer Resources holds 15,750 shares. Vident Investment Advisory Ltd Com, Georgia-based fund reported 139,708 shares. Pittenger Anderson accumulated 0% or 625 shares. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company's stock worth $145,000 after buying an additional 250 shares in the last quarter. The business's revenue for the quarter was down 3.5% on a year-over-year basis. equities research analysts anticipate that QUALCOMM will post 3.07 earnings per share for the current year. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have issued a buy rating to the company's stock. Therefore 82% are positive. Xcerra had 8 analyst reports since September 4, 2015 according to SRatingsIntel. As per Thursday, July 20, the company rating was maintained by Nomura. Canaccord Genuity boosted their target price on QUALCOMM from $76.00 to $83.00 and gave the stock a "buy" rating in a research report on Monday, November 13th. The firm has "Hold" rating by Evercore given on Friday, July 1. The company was maintained on Thursday, November 5 by Mizuho. The rating was maintained by Topeka Capital Markets with "Hold" on Thursday, November 5. The stock has "Buy" rating by Vetr on Wednesday, August 19. Finally, Stifel Nicolaus lowered shares of QUALCOMM from a "buy" rating to a "hold" rating and boosted their target price for the stock from $65.00 to $75.00 in a research report on Tuesday. The company was upgraded on Wednesday, November 8 by RBC Capital Markets.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Bloomberg.com which released: "Qualcomm Rejects Broadcom's Bid, Setting Up $105 Billion Proxy Fight" on November 13, 2017, also Fool.com with their article: "Better Buy: Qualcomm Inc vs. Texas Instruments" published on November 27, 2017, Bloomberg.com published: "Broadcom Delays Higher Qualcomm Bid Until Next Year" on November 30, 2017. During the same quarter previous year, the firm earned $1.28 earnings per share. QCOM's profit will be $1.14 billion for 21.36 P/E if the $0.77 EPS becomes a reality. North Carolina-based Piedmont Invest Ltd has invested 0.39% in QUALCOMM Incorporated (NASDAQ:QCOM). The firm owned 78,349 shares of the wireless technology company's stock after selling 128,766 shares during the quarter. When investing in a volatile security, the risk of success is increased just as much as the risk of failure. Its up 0.08, from 0.98 in 2017Q1. It fall, as 43 investors sold HRS shares while 198 reduced holdings. Fil Limited has 2.61 million shares for 0.42% of their portfolio. Conning owns 3,535 shares for 0.01% of their portfolio. Louisiana State Employees Retirement Sys stated it has 0.25% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). 30,062 are owned by Foyston Gordon And Payne. 21,946 are held by West Oak Lc.

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