QUALCOMM Incorporated (QCOM) Stake Lessened by Public Sector Pension investment Board

Olive Hawkins
December 8, 2017

The Donald Smith & Company Inc holds 3.14 million shares with $42.23 million value, down from 3.21M last quarter. Hengehold Capital Management Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $96.01 billion market cap company. The stock increased 0.45% or $0.29 during the last trading session, reaching $64.98. About 1.24 million shares traded. QUALCOMM's revenue for the quarter was down 3.5% compared to the same quarter last year. analysts anticipate that QUALCOMM Incorporated will post 3.07 EPS for the current fiscal year. It has underperformed by 7.39% the S&P500. Northeast Financial Consultants Inc sold 65,499 shares as the company's stock declined 3.45% while stock markets rallied. The institutional investor held 91,800 shares of the health care company at the end of 2017Q2, valued at $1.07 million, up from 27,000 at the end of the previous reported quarter. Qualcomm Inc now has $95.79B valuation. The stock decreased 0.21% or $0.075 during the last trading session, reaching $35.485. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since December 7, 2016 and is uptrending. It has underperformed by 28.59% the S&P500. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Bloomberg.com and their article: "Broadcom Delays Higher Qualcomm Bid Until Next Year" published on November 30, 2017 as well as Reuters.com's news article titled: "Qualcomm files new patent infringement complaints against Apple" with publication date: November 30, 2017. (NASDAQ:QCOM), 15 have Buy rating, 1 Sell and 20 Hold. Therefore 42% are positive. Qualcomm Inc. had 122 analyst reports since July 23, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with "Outperform" rating in Friday, July 31 report.

QUALCOMM (NASDAQ:QCOM) was upgraded by investment analysts at Vetr from a "hold" rating to a "buy" rating in a report released on Monday, November 27th. QCOM traded on a high for the day of 65.68 with a corresponding low of 64.36. The firm has "Buy" rating given on Wednesday, June 28 by Stifel Nicolaus. The firm earned "Overweight" rating on Thursday, December 17 by JP Morgan. Cowen & Co maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Wednesday, December 16 with "Outperform" rating. On Friday, July 1 the stock rating was downgraded by Evercore to "Hold". The stock has "Overweight" rating by JP Morgan on Monday, May 22. UBS decreased their target price on shares of QUALCOMM from $58.00 to $53.00 and set a "buy" rating for the company in a research note on Monday, November 6th.

QUALCOMM earned a news sentiment score of 0.23 on Accern's scale. Its down 0.05, from 1.03 in 2017Q1.

A number of other hedge funds and other institutional investors also recently modified their holdings of QCOM. Kwmg Limited Liability Corp has invested 0.55% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). 84,533 are held by Personal Capital Advsrs.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 1st. Investors of record on Wednesday, November 29th will be paid a dividend of $0.57 per share. Schnieders Mngmt Limited Liability holds 4,945 shares. New England Rech And Mgmt invested in 0.25% or 4,608 shares. Arrow Finance Corp holds 240 shares or 0% of its portfolio.

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TRADEMARK VIOLATION NOTICE: "Northern Trust Corp Increases Holdings in QUALCOMM Incorporated (QCOM)" was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. Strs Ohio holds 0.27% or 1.11 million shares in its portfolio. Meeder Asset Management has invested 0.07% in QUALCOMM Incorporated (NASDAQ:QCOM). Comerica Comml Bank stated it has 416,447 shares. Foyston Gordon Payne Incorporated accumulated 12,275 shares.

More notable recent Pfizer Inc. Lumentum Hldgs Inc Com was reduced too. "Stock on Your Watchlist" published on November 17, 2017, Moodys.com published: "Moody's assigns A1 to Pfizer's new sterling notes; stable outlook" on December 07, 2017. New Gold Inc. (NYSEMKT:NGD) was raised too. (NYSE:PFE) were released by: Businesswire.com and their article: "Pfizer Inc". New Jersey Better Educational Savings Tru has 6,000 shares. Therefore 20% are positive. Abbvie Inc had 69 analyst reports since July 21, 2015 according to SRatingsIntel. Bank of America maintained Kindred Healthcare, Inc. Deutsche Bank has "Buy" rating and $43 target. The stock of AbbVie Inc. (NYSE:PFE) has "Buy" rating given on Thursday, April 7 by Jefferies. (NYSE:KND) on Monday, March 7 with "Outperform" rating. Argus Research downgraded Pfizer Inc. The stock now has an average rating of "Hold" and an average price target of $66.02. The ex-dividend date of this dividend is Tuesday, November 28th. Argus Research has "Buy" rating and $73 target. Northland Capital maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Wednesday, September 6. (NYSE:ABBV) rating on Tuesday, February 23.

Among 10 analysts covering Kindred Healthcare Inc. (NYSE:PFE) to report earnings on January, 30. During the same period in the previous year, the business posted $1.28 earnings per share. PFE's profit will be $3.28 billion for 16.13 P/E if the $0.55 EPS becomes a reality. Northern Capital Management Llc sold 12,375 shares as Qualcomm Inc.

Investors sentiment decreased to 0.94 in 2017 Q2. Its up 0.01, from 0.99 in 2017Q1. Hanson Mcclain invested in 396 shares. 138 funds opened positions while 500 raised stakes.

Northern Capital Management Llc decreased Qualcomm Inc. Forte Limited Liability Adv invested 0.23% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Sumitomo Mitsui Asset Mgmt, a Japan-based fund reported 150,505 shares. (NYSE:PFE) for 581,847 shares. Loudon Investment Ltd Liability invested in 1.9% or 34,554 shares. (NYSE:ABBV). Moreover, Utd Fire Group Incorporated has 5.79% invested in AbbVie Inc. (NYSE:PFE) for 103,461 shares. Franklin Street Nc accumulated 0.11% or 11,151 shares. Dynamic Advsrs Solutions Lc reported 141,613 shares. Cetera reported 0.24% in AbbVie Inc. (NYSE:PFE). Stifel Fin Corporation owns 7.32 million shares for 0.91% of their portfolio. Finally, Farmers Trust Co. boosted its holdings in shares of QUALCOMM by 0.9% in the second quarter.

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