Analysts See $0.58 EPS for QUALCOMM Incorporated (QCOM)

June 14, 2018 - By Christine Ryals

QUALCOMM Incorporated (NASDAQ:QCOM) LogoInvestors sentiment decreased to 0.78 in Q1 2018. Its down 0.05, from 0.83 in 2017Q4. It fall, 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.
Savings Bank Of New York Mellon has 18.38 million shares for 0.28% of their portfolio. Rmsincerbeaux Management Ltd Liability Corp stated it has 61,350 shares. Utah Retirement stated it has 0.32% in QUALCOMM Incorporated (NASDAQ:QCOM). The Texas-based Hbk Invests Limited Partnership has invested 2.56% in QUALCOMM Incorporated (NASDAQ:QCOM). Vigilant Capital Mngmt Limited Liability Co reported 0% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Carnegie Cap Asset Mgmt Ltd Llc invested in 0.02% or 4,040 shares. Brown Advisory Securities Ltd Limited Liability Company owns 94,798 shares. Gru One Trading Limited Partnership holds 0.26% or 488,142 shares in its portfolio. Hilltop Hldg reported 5,532 shares stake. Dubuque Bank & Trust & invested in 0.05% or 5,167 shares. Amer National Insur Com Tx stated it has 0.27% in QUALCOMM Incorporated (NASDAQ:QCOM). 370,295 are held by St Germain D J. Lloyds Public Ltd owns 0.07% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 177 shares. Factory Mutual Ins Co reported 0.71% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Moors & Cabot Inc holds 34,235 shares or 0.25% of its portfolio.

Since January 9, 2018, it had 0 insider purchases, and 9 selling transactions for $7.68 million activity. AMON CRISTIANO R had sold 16,082 shares worth $852,989. The insider GROB MATTHEW S sold 43,000 shares worth $2.81M. Another trade for 50,126 shares valued at $3.14M was sold by THOMPSON JAMES H. Another trade for 11,670 shares valued at $618,603 was made by Rosenberg Donald J on Tuesday, May 8.

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 $859.92M giving it 25.63 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 increased 0.41% or $0.24 during the last trading session, reaching $59.46. About 7.26M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since June 15, 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. Stifel Nicolaus downgraded the stock to “Hold” rating in Wednesday, March 7 report. The firm earned “Buy” rating on Monday, January 29 by RBC Capital Markets. As per Wednesday, April 25, the company rating was maintained by Canaccord Genuity. As per Tuesday, February 13, the company rating was maintained by Charter Equity. The firm has “Hold” rating given on Thursday, April 19 by Stifel Nicolaus. As per Thursday, April 26, the company rating was maintained by Citigroup. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by Canaccord Genuity on Thursday, April 19. KeyBanc Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, February 1 with “Overweight” rating. Mizuho maintained the shares of QCOM in report on Wednesday, January 17 with “Buy” rating. The rating was maintained by Susquehanna with “Buy” on Monday, March 26.

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 $88.16 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: Nasdaq.com which released: “Qualcomm Isn’t Quitting the Server Business After All” on June 14, 2018, also Seekingalpha.com with their article: “NXP +8.3% on report China has OK’d Qualcomm deal” published on June 14, 2018, Seekingalpha.com published: “Qualcomm not exiting data centers” on June 13, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “Factors of Influence in 2018, Key Indicators and Opportunity within Southwestern Energy, Johnson & Johnson, Sleep …” published on June 14, 2018 as well as Streetinsider.com‘s news article titled: “Qualcomm (QCOM) to Cut Half of jobs in Data-Center Unit, to Cut About 280 Jobs in North Carolina, California …” with publication date: June 14, 2018.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.