Is there a Bearish outlook for QUALCOMM Incorporated (NASDAQ:QCOM) this week?

September 8, 2018 - By Ash Maslow

QUALCOMM Incorporated (NASDAQ:QCOM) LogoInvestors sentiment decreased to 0.78 in 2018 Q1. Its down 0.05, from 0.83 in 2017Q4. It dropped, 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.
Interest Group Inc holds 0.14% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 705,696 shares. Massmutual Trust Fsb Adv stated it has 3,809 shares or 0% of all its holdings. 64,523 are owned by Heritage. Fca Tx holds 0.11% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 5,010 shares. Bridgeway Mgmt Inc has 0.15% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 248,455 shares. Interocean Ltd Liability Co has invested 1.44% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Sandy Spring Fincl Bank reported 0.44% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Excalibur Mgmt holds 0.67% or 14,909 shares. 3.59 million are owned by Citigroup. Pitcairn holds 0.06% in QUALCOMM Incorporated (NASDAQ:QCOM) or 10,759 shares. 150,000 were reported by Kepos Cap L P. Ipg Investment Llc accumulated 0% or 192,106 shares. Causeway Capital Mngmt Limited Liability Co holds 1.87% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 3.15M shares. Brookstone Mngmt accumulated 86,146 shares. Zacks Investment Mgmt, Illinois-based fund reported 525,149 shares.

Since March 9, 2018, it had 0 insider buys, and 7 insider sales for $1.74 million activity. Rosenberg Donald J had sold 11,670 shares worth $618,603 on Tuesday, May 8. On Tuesday, May 8 the insider AMON CRISTIANO R sold $852,989. THOMPSON JAMES H also sold $3.14 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) on Friday, March 9.

QUALCOMM Incorporated (NASDAQ:QCOM) Ratings Coverage

Among 16 analysts covering Qualcomm Inc (NASDAQ:QCOM), 10 have Buy rating, 1 Sell and 5 Hold. Therefore 63% are positive. Qualcomm Inc has $88 highest and $53 lowest target. $67.63’s average target is -3.91% below currents $70.38 stock price. Qualcomm Inc had 30 analyst reports since March 13, 2018 according to SRatingsIntel. As per Thursday, April 26, the company rating was maintained by UBS. The firm has “Buy” rating given on Thursday, August 23 by Canaccord Genuity. As per Thursday, July 26, the company rating was maintained by Stifel Nicolaus. The company was maintained on Thursday, April 26 by Stifel Nicolaus. The firm has “Hold” rating by Citigroup given on Thursday, April 26. The company was maintained on Monday, April 23 by RBC Capital Markets. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by Susquehanna on Thursday, April 26. The rating was maintained by Canaccord Genuity on Thursday, April 19 with “Buy”. Canaccord Genuity maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Wednesday, April 25 with “Buy” rating. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Tuesday, September 4 by Nomura. Below is a list of QUALCOMM Incorporated (NASDAQ:QCOM) latest ratings and price target changes.

04/09/2018 Broker: Macquarie Research Old Rating: Neutral New Rating: Outperform Old Target: $65 New Target: $84 Upgrade
04/09/2018 Broker: Nomura Old Rating: Buy New Rating: Buy Old Target: $70 New Target: $80 Maintain
23/08/2018 Broker: Canaccord Genuity Old Rating: Buy New Rating: Buy Old Target: $81 New Target: $88 Maintain
20/08/2018 Broker: Rosenblatt Old Rating: Neutral New Rating: Buy Old Target: $56 New Target: $70 Upgrade
06/08/2018 Broker: Cowen & Co Old Rating: Market Perform New Rating: Outperform Old Target: $64 New Target: $80 Upgrade
26/07/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $54 New Target: $58 Maintain
26/07/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $65 New Target: $72 Maintain
18/05/2018 Broker: RBC Capital Markets Rating: Buy New Target: $70.0000 Maintain
16/05/2018 Broker: Canaccord Genuity Rating: Buy New Target: $75.0000 Maintain
17/05/2018 Broker: Cowen & Co Rating: Market Weight New Target: $58 Initiates Coverage On

The stock increased 0.03% or $0.02 during the last trading session, reaching $70.38. About 12.82 million shares traded or 20.67% up from the average. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since September 8, 2017 and is uptrending. It has underperformed by 9.99% the S&P500.

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 $103.40 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: “Google Sends Invites to October Event, Expect Pixel 3 Smartphones” on September 07, 2018, also Nasdaq.com with their article: “Apple Watch Sales Remain Strong Ahead of Series 4 Launch” published on September 05, 2018, Seekingalpha.com published: “Qualcomm Inc.’s (QCOM) Management on Citi 2018 Global Technology Conference – Transcript” on September 05, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: “Qualcomm: Immediate Boost” published on August 29, 2018 as well as Seekingalpha.com‘s news article titled: “Charts Are Swinging Positive For Broardcom” with publication date: September 08, 2018.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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