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QUALCOMM Incorporated (QCOM) Given New $65.00 Price Target at Instinet

12 January 2018

QUALCOMM, Inc. The stock has a market cap of $96,200.00, a P/E ratio of 39.55, a PEG ratio of 1.89 and a beta of 1.39. QCOM has diverse figures for different time frames; starting from week's performance it has positive performance of 0.11% in last five regular trading sessions. The company has an average rating of Hold and a consensus target price of $66.13.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 1st. It has underperformed by 7.39% the S&P500.

Brookside Capital Management Llc, which manages about $1.58B US Long portfolio, decreased its stake in Avexis Inc by 221,607 shares to 97,531 shares, valued at $9.43 million in 2017Q3, according to the filing. The hedge fund held 1.99M shares of the technology company at the end of 2017Q3, valued at $52.94M, up from 1.89 million at the end of the previous reported quarter. Timber Creek Capital Management Llc who had been investing in Capital One Finl Corp Com for a number of months, seems to be bullish on the $50.32 billion market cap company. The stock decreased 0.45% or $0.08 during the last trading session, reaching $17.65. About 4.34 million shares traded. 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. General Electric Company (NYSE:GE) has declined 4.46% since January 11, 2017 and is downtrending. It has underperformed by 2.89% the S&P500.

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.11, from 1.24 in 2017Q2. It improved, as 19 investors sold IDTI shares while 79 reduced holdings. 17 funds opened positions while 60 raised stakes. 5,045 were accumulated by Whittier Tru. Interocean Limited Liability Corporation, a Illinois-based fund reported 115,661 shares. San Francisco Sentry Investment Gp (Ca) accumulated 10,000 shares. Levin Cap Strategies LP owns 1.69 million shares or 1.48% of their U.S. portfolio. (NASDAQ:IDTI). Aqr Capital Management Limited Liability Corp reported 24,872 shares stake. Hall Laurie J Trustee invested in 0.01% or 570 shares. Synovus Fincl Corp has 0% invested in Citrix Systems, Inc. Utd Cap Finance Advisers Lc holds 0.25% or 572,391 shares. (NASDAQ:IDTI) for 18,714 shares. (NYSE:CF). Sumitomo Mitsui Holdings invested in 0.03% or 640,596 shares. (NASDAQ:IDTI) or 49,028 shares. Fmr Limited stated it has 0.07% of its portfolio in CF Industries Holdings, Inc. (NASDAQ:IDTI). Teachers Retirement Of The State Of Kentucky has invested 0.1% in Integrated Device Technology, Inc. (NASDAQ:IDTI). Panagora Asset reported 0% in Integrated Device Technology, Inc. Lenox Wealth Mngmt, Ohio-based fund reported 13,792 shares. 35,000 are owned by Assets Mgmt Ltd Com. Another trade for 22,778 shares valued at $682,222 was sold by Shepard David. The firm has "Hold" rating by Stifel Nicolaus given on Thursday, November 2. Canaccord Genuity maintained the stock with "Buy" rating in Friday, August 14 report. The stock of Integrated Device Technology, Inc. The firm has "Outperform" rating by Cowen & Co given on Friday, September 30. Rafferty upgraded the stock to "Buy" rating in Thursday, January 26 report. (NASDAQ:IDTI) has "Buy" rating given on Sunday, October 29 by Roth Capital. The firm has "Underweight" rating by Barclays Capital given on Tuesday, October 31. Mizuho restated a "buy" rating on shares of QUALCOMM in a research report on Friday, October 27th. Westwood Holdings Group Inc. bought a new stake in shares of QUALCOMM during the 2nd quarter worth about $114,000. QCOM's profit will be $1.14 billion for 21.22 P/E if the $0.77 EPS becomes a reality. After $0.66 actual earnings per share reported by Abbott Laboratories for the previous quarter, Wall Street now forecasts 10.61% EPS growth.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.10, from 0.98 in 2017Q2.

Several other institutional investors have also sold shares of the company. We have taken technical analysis of QUALCOMM Incorporated (QCOM)'s stock recent trading price and 3 moving average price of updated past trading days (20, 50 and 200). Regal Investment Advsr reported 0.06% in QUALCOMM Incorporated (NASDAQ:QCOM). Matthews Intl Management Ltd accumulated 5,600 shares. QCOM reported a change of -1.03% over the last week and performed 1.59% over the last month while its year to date (YTD) performance revealed an activity trend of 1.94%. Axa holds 3.48M shares. California-based Guinness Atkinson Asset Management has invested 1.69% in QUALCOMM Incorporated (NASDAQ:QCOM). Logan Mgmt Inc has 25,928 shares. Quantbot Technologies Lp has invested 0.02% in Old Republic International Corporation (NYSE:ORI).

Among 36 analysts covering Qualcomm Inc. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 52% are positive. Qualcomm Inc. had 122 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned "Market Perform" rating on Thursday, January 5 by Telsey Advisory Group. RBC Capital Markets has "Outperform" rating and $72 target. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has "Neutral" rating given on Monday, January 23 by Instinet. The rating was downgraded by Brean Capital on Thursday, June 9 to "Hold". The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has "Neutral" rating given on Wednesday, December 21 by Citigroup. The rating was maintained by Stifel Nicolaus with "Hold" on Thursday, December 14. The stock of Orbotech Ltd. (NASDAQ:ORBK) earned "Outperform" rating by RBC Capital Markets on Friday, November 6. Bank of America downgraded the stock to "Neutral" rating in Wednesday, March 15 report.

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QUALCOMM Incorporated (QCOM) Given New $65.00 Price Target at Instinet