As Qualcomm INC (QCOM) Shares Declined, Axa Decreased by $31.40 Million Its Stake

April 20, 2018 - By Tracy Fowler

QUALCOMM Incorporated (NASDAQ:QCOM) Corporate LogoBig Money Sentiment decreased to 0.83 in Q4 2017. It has change of 0.02, from 2017Q3’s 0.85. The ratio turned negative due to QCOM positioning: 89 sold and 518 reduced. 160 funds acquired positions and 346 increased positions. Investors holded 1.10 billion in 2017Q3 but now own 1.11 billion shares or 0.73% more. Virginia Retirement Et Al invested in 262,500 shs or 0.2% of the stock. Wealthtrust has 0.01% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Parnassus Ca reported 8.31 million shs stake. Greatmark Investment Partners, a Georgia-based fund reported 124,794 shs. Hussman Strategic Advsrs, a Maryland-based fund reported 2,000 shs. Inv Mgmt Of Virginia Ltd Liability Co invested 1.35% in QUALCOMM Incorporated (NASDAQ:QCOM). Farmers Tru, Ohio-based fund reported 4,712 shs. Compton Cap Mngmt Inc Ri stated it has 0.63% in QUALCOMM Incorporated (NASDAQ:QCOM). Cambridge Advsr has 11,265 shs. Zacks Mgmt holds 0.72% in QUALCOMM Incorporated (NASDAQ:QCOM) or 516,979 shs. Pennsylvania-based Orrstown Serv has invested 0.04% in QUALCOMM Incorporated (NASDAQ:QCOM). 864,344 are held by Gateway Inv Advisers Limited Company. Teacher Retirement Systems Of Texas invested in 0.17% or 407,348 shs. Jnba Fincl Advisors accumulated 16,117 shs. Van Cleef Asset Managementinc accumulated 8,400 shs.

QCOM had 6 sales and 0 insider buys since October 27, 2017. This’s net activity of $6.14 million. 50,126 shs were sold by THOMPSON JAMES H, worth $3.14M. On Tuesday, January 9 $2.81 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by GROB MATTHEW S.

In Qualcomm Inc (QCOM) was reduced the holdings owned by Axa. The reduction is 14.08% according to 2017Q4 SEC filling. The company’s stock sank 15.28% while Axa sold 490,697 shares. The institutional investor is holding 2.99 million shares, compared to the 3.48 million from the previous quarter. And the announced value of the radio and television broadcasting and communications equipment company is $191.65M for the 2017Q4. $77.54 billion is the MC of Qualcomm Inc. QCOM touched $52.38 during the last trading session after $0.19 change.QUALCOMM Incorporated has volume of 1.96 million shares. Since April 20, 2017 QCOM has declined 3.21% and is downtrending. QCOM underperformed the S&P500 by 14.76%.

According to a filing Axa rose its stake in Taiwan Semiconductor Mfg Ltd (NYSE:TSM) by 206,952 shares to 850,437 shares, valued at $33.72M in 2017Q4. The fund operates about $25.47B US Long portfolio. For a total of 545,223 shares it increased its holding in Invitation Homes Inc by 168,414 shares in the quarter, and has risen its stake in Amdocs Ltd (NASDAQ:DOX).

On April, 25 QUALCOMM Incorporated (NASDAQ:QCOM)’s earnings release is expected by WallStreet, as reported by Faxor. This year’s earnings per share analyst estimate is expected to be $0.55. That is 54.17 % down compareed to $1.2 earnings per share for last year. In case of $0.55 earnings per share QCOM’s profit could hit $814.20 million. -35.29 % negative EPS growth is what Wall Street’s forecasts after $0.85 reported EPS last quarter.

QUALCOMM Incorporated (NASDAQ:QCOM) Ratings Coverage

Total analysts of 20 have positions in Qualcomm Inc (NASDAQ:QCOM) as follows: 10 rated it a “Buy”, 1 with “Sell” and 9 with “Hold”. The positive are 50%. The firm has $315.0 highest while $53 is the lowest price target. The average target $80.76 is 54.18% above the last ($52.38) price. Since October 30, 2017 according to StockzIntelligence Inc Qualcomm Inc has 41 analyst reports. On Tuesday, February 13 Charter Equity maintained QUALCOMM Incorporated (NASDAQ:QCOM) with “Hold” rating. On Tuesday, October 31 the stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given by Mizuho. In Thursday, March 15 report Deutsche Bank maintained it with “Hold” rating and $60 target. On Thursday, February 1 the firm has “Overweight” rating by KeyBanc Capital Markets given. The company rating was maintained by Susquehanna on Tuesday, January 16. On Thursday, April 19 the stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by Canaccord Genuity. In Monday, January 29 report RBC Capital Markets maintained it with “Buy” rating and $80.0 target. On Wednesday, November 8 the stock has “Outperform” rating by Raymond James. The stock rating was maintained by Mizuho with “Buy” on Wednesday, January 17. On Thursday, November 2 Stifel Nicolaus maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating. Stifel Nicolaus has “Buy” rating and $65.0 target.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Investors Chart

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