Analysts See $0.58 EPS for QUALCOMM Incorporated (QCOM)

June 13, 2018 - By Jason Grubb

QUALCOMM Incorporated (NASDAQ:QCOM) LogoInvestors sentiment decreased to 0.78 in 2018 Q1. Its down 0.05, from 0.83 in 2017Q4. It worsened, as 104 investors sold QUALCOMM Incorporated shares while 500 reduced holdings. 100 funds opened positions while 370 raised stakes. 1.11 billion shares or 0.11% less from 1.11 billion shares in 2017Q4 were reported.
Buckingham Asset Mgmt Ltd Liability has invested 0.13% in QUALCOMM Incorporated (NASDAQ:QCOM). Palladium Partners Ltd stated it has 6,280 shares or 0.03% of all its holdings. Country Club Na has 0.03% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 5,086 shares. Profund Advsr Ltd Liability has 1% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Fmr Ltd Com holds 0.43% or 64.71M shares. Texas-based Motco has invested 0.01% in QUALCOMM Incorporated (NASDAQ:QCOM). Amp Cap Invsts Ltd has 720,221 shares. Moreover, Fragasso Gru has 0.35% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Assetmark holds 0.07% or 113,446 shares. Ubs Asset Mgmt Americas holds 0% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 5.22M shares. Sumitomo Mitsui owns 0.3% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 4.28 million shares. Texas Permanent School Fund reported 382,495 shares. Amica Mutual Ins, Rhode Island-based fund reported 48,862 shares. Regal Inv Advisors Ltd Com, Michigan-based fund reported 4,768 shares. Magnetar Limited Co reported 24,540 shares.

Since January 9, 2018, it had 0 insider buys, and 9 sales for $7.68 million activity. On Monday, January 29 the insider ROGERS ALEXANDER H sold $48,627. AMON CRISTIANO R sold 16,082 shares worth $852,989. Rosenberg Donald J also sold $618,603 worth of QUALCOMM Incorporated (NASDAQ:QCOM) shares. $3.14 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by THOMPSON JAMES H.

Analysts expect QUALCOMM Incorporated (NASDAQ:QCOM) to report $0.58 EPS on July, 18.They anticipate $0.12 EPS change or 17.14 % from last quarter’s $0.7 EPS. QCOM’s profit would be $859.92 million giving it 25.53 P/E if the $0.58 EPS is correct. After having $0.67 EPS previously, QUALCOMM Incorporated’s analysts see -13.43 % EPS growth. The stock decreased 0.95% or $0.57 during the last trading session, reaching $59.22. About 6.96 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since June 14, 2017 and is uptrending. It has underperformed by 9.99% the S&P500.

QUALCOMM Incorporated (NASDAQ:QCOM) Ratings Coverage

Among 17 analysts covering Qualcomm (NASDAQ:QCOM), 8 have Buy rating, 1 Sell and 8 Hold. Therefore 47% are positive. Qualcomm had 35 analyst reports since January 16, 2018 according to SRatingsIntel. The company was maintained on Thursday, February 1 by KeyBanc Capital Markets. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by Canaccord Genuity on Tuesday, March 13. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, April 25. On Tuesday, February 13 the stock rating was maintained by Charter Equity with “Hold”. The company was maintained on Thursday, April 26 by UBS. The stock has “Underweight” rating by Morgan Stanley on Monday, March 19. Citigroup maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, April 26. Citigroup has “Hold” rating and $5600 target. The rating was maintained by Canaccord Genuity on Wednesday, May 16 with “Buy”. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, April 26 report. The firm has “Hold” rating by Deutsche Bank given on Thursday, March 15.

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 $87.80 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: Globenewswire.com which released: “Hagens Berman Alerts Investors in Qualcomm Incorporated (NASDAQ: QCOM) to the August 7, 2018 Securities Class …” on June 13, 2018, also Fool.com with their article: “Better Buy: Qualcomm Inc. vs. Corning Inc.” published on June 12, 2018, Nasdaq.com published: “Microsoft Corporation and Cloud Kings Become Chip Giants” on June 13, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: “NXP Semiconductors -1.8% after Senate pushback on ZTE ban lift” published on June 12, 2018 as well as Seekingalpha.com‘s news article titled: “Qualcomm not exiting data centers” with publication date: June 13, 2018.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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