Economy

Qualcomm (QCOM) Coverage Initiated by Analysts at Citigroup

Qualcomm (QCOM) Coverage Initiated by Analysts at Citigroup

The institutional investor held 448,146 shares of the finance company at the end of 2017Q4, valued at $90.41 million, down from 459,715 at the end of the previous reported quarter. P-R Herzig & Co who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $75.98B market cap company. The stock increased 3.21% or $0.4 during the last trading session, reaching $12.875. About 14,395 shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 30, 2017 and is downtrending. It has outperformed by 5.90% the S&P500. Guardian Life Insur Of America holds 4,785 shs or 0.07% of its capital.

Walter & Keenan Financial Consulting Company decreased its stake in Johnson & Johnson (JNJ) by 4.11% based on its latest 2017Q4 regulatory filing with the SEC. The company's stock declined 15.28% with the market as Aviance Capital Management Llc sold 131,666 shares. The institutional investor held 180,246 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $11.54 million, down from 356,224 at the end of the previous reported quarter.

Homrich & Berg grew its stake in QUALCOMM, Inc. Greatmark Investment Partners Inc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $75.78 billion market cap company. Also, EVP Alexander H. Rogers sold 1,180 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. On Wednesday, November 29 the stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned "Hold" rating by Stifel Nicolaus. It has underperformed by 14.76% the S&P500.

Since January 9, 2018, it had 0 buys, and 5 insider sales for $6.12 million activity. Tig Advsr Ltd holds 1.10M shares or 3.89% of its portfolio.

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Causeway Capital Management Llc, which manages about $27.14B and $9.43B US Long portfolio, upped its stake in Viacom Inc New (NASDAQ:VIAB) by 635,131 shares to 4.46M shares, valued at $137.49 million in 2017Q4, according to the filing. Nuwave Inv Mgmt reported 17,531 shares stake.

Investors of record on Wednesday, May 30th will be paid a dividend of $0.62 per share. Its up 0.04, from 0.83 in 2017Q3. 89 investors sold all, 518 reduced holdings as QUALCOMM Incorporated ratio is negative. 160 funds opened positions while 346 raised stakes. Captrust Advsrs stated it has 107,453 shares or 0.42% of all its holdings. Wellington Shields Comm Ltd reported 0.11% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Rocky Mountain Advisers Ltd has invested 0.01% in QUALCOMM Incorporated (NASDAQ:QCOM). IFM Investors Pty Ltd now owns 41,146 shares of the wireless technology company's stock valued at $2,133,000 after buying an additional 843 shares during the period. Commercial Bank Of Hawaii reported 0.11% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). 60 were reported by Covenant Multifamily Offices Limited Company. Alta Capital Mgmt owns 867,533 shares for 3.31% of their portfolio. First Allied Advisory Service Inc owns 0.26% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 103,428 shares. Capstone Fin Incorporated, Illinois-based fund reported 16,185 shs. 135,329 were accumulated by Massachusetts Fincl Svcs Ma. Morgan Stanley assumed coverage on shares of QUALCOMM in a research report on Monday, March 19th. Saba Capital Mgmt LP invested 0.21% in QUALCOMM Incorporated (NASDAQ:QCOM). Homrich Berg has 13,496 shares. Qs Ltd Liability invested 0.03% of its portfolio in Micron Technology, Inc. Natl Pension Serv invested in 0.41% or 1.27M shares. The firm's revenue for the quarter was down 13.3% on a year-over-year basis. sell-side analysts expect that Qualcomm will post 2.8 EPS for the current fiscal year. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the stock. Therefore 48% are positive. Qualcomm Inc. had 153 analyst reports since July 23, 2015 according to SRatingsIntel. Barclays Capital downgraded it to "Equal-Weight" rating and $50 target in Monday, March 28 report. BMO Capital Markets has "Hold" rating and $5400 target. As per Wednesday, September 9, the company rating was upgraded by Sandler O'Neill. As per Thursday, January 14, the company rating was maintained by Mizuho. In Monday, January 29 report RBC Capital Markets maintained it with "Buy" rating and $80.0 target. The rating was maintained by Cowen & Co on Thursday, July 21 with "Outperform". The stock has "Buy" rating by Sandler O'Neill on Wednesday, January 20. As per Monday, October 3, the company rating was maintained by RBC Capital Markets. DELISE ANTONIO L sold $1.61M worth of stock. (NYSE:SEAS). Pinnacle Assoc Limited holds 0.02% in SeaWorld Entertainment, Inc. (NASDAQ:MKTX) on Thursday, February 8. GROB MATTHEW S sold $2.81M worth of stock.

Investors sentiment increased to 1.48 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. Pillar Pacific Capital invested in 84,035 shares. 47 funds opened positions while 85 raised stakes. Amer Interest Grp invested 0% in SeaWorld Entertainment, Inc. (NASDAQ:EMCI) for 13,036 shares. Bridges Counsel Inc accumulated 18,822 shares. Advisors Asset Management has invested 0% in Micron Technology, Inc. The Minnesota-based Mairs & Pwr has invested 0.06% in EMC Insurance Group Inc. Following the completion of the sale, the executive vice president now owns 43,000 shares in the company, valued at $2,810,050. It also reduced Spx Flow Inc stake by 56,143 shares and now owns 729,409 shares. Paradigm Asset Management holds 0.05% of its portfolio in MarketAxess Holdings Inc. (NASDAQ:EMCI) for 16,850 shares. Cable Hill Partners LLC now owns 3,145 shares of the wireless technology company's stock worth $163,000 after acquiring an additional 2,923 shares during the period. Blackrock stated it has 111.28 million shares or 0.34% of all its holdings.


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