Published: Sat, January 13, 2018
Finance | By Loren Pratt

Prudential Financial Inc. Has $122.27 Million Holdings in QUALCOMM, Inc. (QCOM)

Over the last quarter, insiders sold 72,989 shares of company stock worth $4,678,794. The wireless technology company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.70 by $0.22. Notis-Mcconarty Edward who had been investing in Home Depot for a number of months, seems to be bullish on the $229.37 billion market cap company.

The stock increased 0.96% or $0.02 during the last trading session, reaching $2.1. About 16.95M shares traded or 10.88% up from the average. It has underperformed by 2.98% the S&P500.

Woodstock Corp decreased Qualcomm Inc (QCOM) stake by 8.43% reported in 2017Q3 SEC filing. The institutional investor held 51,900 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $2.69 million, down from 154,130 at the end of the previous reported quarter. Lombard Odier Asset Management Switzerland Sa who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the $628.94B market cap company. The stock increased 0.89% or $1.74 during the last trading session, reaching $196.42. (NYSE:C) or 3.75 million shares. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since January 13, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.02, from 1.15 in 2017Q2. Moreover, Trilogy Global Advisors Lp has 7.21% invested in the company for 2.20 million shares. Bridgeway Capital Mngmt accumulated 1.28 million shares. Blackrock holds 0.29% or 110.07 million shares in its portfolio. (NYSE:T) for 60,000 shares. Sandy Spring Bankshares holds 0.52% or 104,391 shares. (NYSE:C) for 17,661 shares. (NASDAQ:AMZN). Bartlett & Com Ltd Com accumulated 0.01% or 364 shares. Mutual Of Omaha Fincl Bank Wealth Mgmt holds 128,830 shares or 2.42% of its portfolio. Sawgrass Asset Mgmt Lc reported 31,896 shares. Arrowstreet Cap Partnership holds 0.6% in Citigroup Inc. The New York-based Stone Run Capital Llc has invested 2.95% in the stock. Gulf Int Bancshares (Uk) Ltd owns 469,385 shares or 0.33% of their United States portfolio. Tiaa Cref Mngmt has 0.01% invested in PS Business Parks, Inc. Fisher Asset Mgmt Lc stated it has 0% of its portfolio in AT&T Inc.

Vanguard Group Inc decreased American Airls Group Inc (NASDAQ:AAL) stake by 1.53M shares to 28.78M valued at $1.37 billion in 2017Q3. Stephens Inc. AR raised its holdings in shares of QUALCOMM by 10.8% in the 2nd quarter. The company presently has a consensus rating of "Hold" and an average target price of $66.06. Therefore 100% are positive. SunOpta had 14 analyst reports since August 15, 2015 according to SRatingsIntel. The rating was maintained by Topeka Capital Markets on Thursday, January 28 with "Hold". On Monday, July 27 the stock rating was upgraded by Morgan Stanley to "Overweight". JP Morgan maintained, Inc. The firm has "Mkt Perform" rating given on Thursday, July 30 by FBR Capital. Robert W. Baird maintained, Inc. The rating was maintained by RBC Capital Markets on Monday, November 23 with "Outperform". The rating was downgraded by Nomura to "Neutral" on Monday, November 9. Oppenheimer maintained the stock with "Outperform" rating in Tuesday, October 6 report.

Since August 20, 2017, it had 0 insider buys, and 5 sales for $3.11 million activity.

In related news, EVP Alexander H. Rogers sold 919 shares of QUALCOMM stock in a transaction dated Wednesday, December 27th. Hollencrest Securities LLC now owns 4,356 shares of the wireless technology company's stock worth $241,000 after purchasing an additional 40 shares in the last quarter. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has "Outperform" rating given on Friday, February 12 by Cowen & Co. They expect $-0.05 earnings per share, up 37.50% or $0.03 from last year's $-0.08 per share. QCOM's profit will be $1.14B for 21.24 P/E if the $0.77 EPS becomes a reality. During the same period last year, the company earned $1.28 EPS. equities research analysts anticipate that QUALCOMM, Inc. will post 3.07 earnings per share for the current year. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 42% are positive. Cambridge Investment Research Advisors Inc.'s holdings in QUALCOMM were worth $4,900,000 at the end of the most recent reporting period. Stifel Nicolaus reissued a "buy" rating on shares of QUALCOMM in a report on Thursday, October 12th. The firm has "Buy" rating given on Wednesday, December 20 by Wells Fargo. The firm earned "Outperform" rating on Friday, April 29 by RBC Capital Markets. On Friday, July 15 the stock rating was downgraded by BMO Capital Markets to "Underperform". The firm has "Buy" rating by Canaccord Genuity given on Wednesday, November 1. The company was maintained on Thursday, July 20 by Raymond James. The Compass Capital Management Inc holds 422,910 shares with $21.92M value, up from 388,749 last quarter. Westwood Holdings Group Inc. acquired a new position in QUALCOMM during the 2nd quarter valued at about $114,000. Its down 0.13, from 0.98 in 2017Q2.

Large investors have recently bought and sold shares of the stock.

Prudential Financial Inc. raised its position in shares of QUALCOMM, Inc. Denver Invest Advsrs Ltd stated it has 0.44% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Asset reported 349,856 shares or 0.3% of all its holdings. Corporate insiders own 0.24% of the company's stock.

Shares of QUALCOMM Incorporated (NASDAQ:QCOM) opened at 52.88 on Friday. Univest Corporation Of Pennsylvania has invested 0.19% in QUALCOMM Incorporated (NASDAQ:QCOM). Cardinal Capital Mngmt reported 64,482 shares. Miles Cap has invested 0.61% in QUALCOMM Incorporated (NASDAQ:QCOM). Robecosam Ag accumulated 600 shares. Amer Co reported 2,384 shares. Macquarie Gp Ltd owns 294,785 shares. The Alberta - Canada-based Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Corporation has invested 0% in PS Business Parks, Inc.

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