Business

Qualcomm Incorporated (NASDAQ:QCOM) Shorts Decreased by 6.33% After Short Covering

Qualcomm Incorporated (NASDAQ:QCOM) Shorts Decreased by 6.33% After Short Covering

Wms Ptnrs Ltd Company holds 0.08% or 12,045 shares. 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. Bluefin Trading Limited owns 11,129 shares. The stock decreased 0.96% or $0.61 during the last trading session, reaching $62.81. Wisconsin-based Oarsman Capital Inc has invested 0.53% in QUALCOMM Incorporated (NASDAQ:QCOM). With 9.60M shares average volume, it will take short sellers 2 days to cover their QCOM's short positions. Among active positions in the latest quarter, 606 holders increased their positions by a total of 74.84 million shares, 735 holders decreased the positions by a total of 78.13 million shares, and 150 holders held their positions. The company has market cap of $96.54 billion. Over the last three months, insiders have sold 29,427 shares of company stock worth $1,827,995. On average, equities analysts predict that QUALCOMM will post $4.23 earnings per share for the current year.

Shares of QUALCOMM Incorporated (QCOM) opened at $65.49 on Friday. It has underperformed by 7.39% the S&P500. Finally, UBS dropped their target price on shares of QUALCOMM from $58.00 to $53.00 and set a "buy" rating on the stock in a report on Monday, November 6th.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Fool.com which released: "So will 2018 be Qualcomm's best year yet?" on November 28, 2017, also Fool.com with their article: "Better Buy: Qualcomm Inc vs. Texas Instruments" published on November 27, 2017, Thestreet.com published: "Broadcom's Bid for Qualcomm Gives Apple Another Reason to Keep Fighting" on December 01, 2017. The rating was maintained by BMO Capital Markets on Monday, November 20 with "Hold". Oppenheimer maintained the stock with "Outperform" rating in Thursday, July 23 report. The stock of Visa Inc. The firm has "Hold" rating by Deutsche Bank given on Tuesday, March 22. Its down 0.10, from 1.03 in 2017Q1. It improved, as 44 investors sold V shares while 564 reduced holdings. 71 funds opened positions while 154 raised stakes. Neville Rodie & Shaw has 3,629 shares. Dumont Blake Inv Advsr Lc holds 3,005 shares. Northern Trust accumulated 0.04% or 1.36 million shares. The company has a market cap of $97,796.10, a price-to-earnings ratio of 17.55, a PEG ratio of 1.86 and a beta of 1.37. (NASDAQ:VIA). Wellington Shields Capital Mngmt owns 33,335 shares. Bancorpsouth Incorporated has 38,854 shares. Prudential Inc invested in 3.89M shares. Compton Management Ri holds 0.72% or 14,536 shares. Greenwich Wealth Management Lc invested in 0.07% or 7,351 shares. Kbc Group Inc Inc Nv accumulated 0.01% or 13,257 shares. (NASDAQ:VIA). Cibc Ww Markets invested in 75,963 shares. Hm Payson And reported 260,479 shares. Bridges Incorporated stated it has 0.58% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Sandler Capital Management, New York-based fund reported 12,500 shares.

Among new and sold out positions, 77 holders initiated new positions by a total of 2.96 million shares and 113 holders exited their positions by a total of 10.13 million shares. The most recent bid on the stock was registered at $66.34. The research firm, a unit of Accern, identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Triple (NYSE:GTS) was reduced too. Reveals 14% Gain In Q4 Bottom Line" published on November 16, 2017 as well as Nasdaq.com's news article titled: "Viacom Inc. The ex-dividend date of this dividend is Friday, May 26th.

Investors sentiment decreased to 0.98 in 2017 Q2. Its up 0.09, from 1.04 in 2017Q1. It is negative, as 89 investors sold QCOM shares while 481 reduced holdings. FNY Partners Fund LP increased its position in QUALCOMM by 102.0% during the second quarter. Cornerstone Capital Hldg Ltd Llc reported 286,152 shares. Park Oh reported 0.04% stake. Roof Eidam & Maycock Adv reported 8,790 shares. Charter Commerce invested in 0.17% or 25,623 shares. Csu Producer Resources holds 15,750 shares. Rodgers Brothers stated it has 0.16% in QUALCOMM Incorporated (NASDAQ:QCOM). Wealthtrust accumulated 2,068 shares.

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Rothschild Asset Management Inc increased Dean Foods Co New (NYSE:DF) stake by 46,568 shares to 1.59 million valued at $26.95 million in 2017Q2.

Among 36 analysts covering Qualcomm Inc.

Among 4 analysts covering Xcerra (NASDAQ:XCRA), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 42% are positive. Xcerra had 8 analyst reports since September 4, 2015 according to SRatingsIntel. The rating was downgraded by Bank of America on Thursday, February 11 to "Neutral". Stifel Nicolaus restated a "buy" rating on shares of QUALCOMM in a research report on Thursday, October 12th. The firm has "Hold" rating given on Monday, November 13 by Bernstein. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned "Buy" rating by Northland Capital on Friday, June 23. William Blair reaffirmed a "market perform" rating on shares of QUALCOMM in a report on Tuesday, September 5th. Cowen & Co maintained it with "Outperform" rating and $69 target in Thursday, November 5 report. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned "Buy" rating by Mizuho on Tuesday, October 31.

Lord Abbett & Company, which manages about $33.67B US Long portfolio, upped its stake in Bank Amer Corp Com (NYSE:BAC) by 1.97 million shares to 5.38 million shares, valued at $130.46 million in 2017Q2, according to the filing.


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