Nationwide Fund Advisors Lowers Stake in QUALCOMM, Inc. (QCOM)

Mae Love
January 13, 2018

The firm owned 245,728 shares of the wireless technology company's stock after buying an additional 3,158 shares during the quarter. The hedge fund run by Ted Kang held 258,400 shares of the health care company at the end of 2017Q3, valued at $48.13 million, down from 311,800 at the end of the previous reported quarter. Evercore Trust Company who had been investing in Acxiom Corp for a number of months, seems to be less bullish one the $2.23 billion market cap company. Manufacturers Life Insur The accumulated 1.64M shares or 0.1% of the stock. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company's stock valued at $160,000 after buying an additional 842 shares during the last quarter. Clifford Swan Investment Counsel LLC now owns 261,257 shares of the wireless technology company's stock valued at $14,980,000 after acquiring an additional 1,851 shares during the last quarter.

The Stock has Weekly volatility of 0.87% and monthly volatility of 1.11%. About 11.25M shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since January 12, 2017 and is uptrending. It has underperformed by 7.39% the S&P500. (NYSE:JPM) has risen 33.74% since January 12, 2017 and is uptrending. Its up 0.17, from 1.25 in 2017Q2. It increased, as 77 investors sold T shares while 609 reduced holdings. Pictet Asset Mgmt Ltd, a United Kingdom-based fund reported 347,882 shares. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. (NASDAQ:ALGN) for 259,906 shares. Insight 2811 Incorporated has 16,355 shares for 0.63% of their portfolio. Holderness Investments Co invested in 0.23% or 8,684 shares. Levy Harkins & accumulated 4.7% or 275,400 shares. Louisiana State Employees Retirement Sys invested in 92,200 shares. (NASDAQ:ALGN). Vantage Advsrs Ltd Liability Corporation owns 200 shares. Moreover, Cleararc has 0.93% invested in AT&T Inc. (NASDAQ:ALGN) for 2,450 shares. Cullinan Incorporated owns 238,395 shares for 0.95% of their portfolio. 3,054 were reported by Northwestern Mutual Wealth Mngmt. Bb&T Securities Limited Liability Com, a Virginia-based fund reported 523,182 shares. Cantab Ltd Liability Partnership holds 0.16% or 6,026 shares. Fred Alger Mgmt Inc reported 0.01% stake.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 4 Sell and 11 Hold. Therefore 34% are positive. Brean Capital maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, July 23. BMO Capital Markets maintained Acxiom Corporation (NASDAQ:ACXM) rating on Friday, February 5. The stock has "Buy" rating by Piper Jaffray on Monday, October 16. The firm has "Buy" rating by Needham given on Wednesday, June 21. As per Monday, September 21, the company rating was maintained by Oppenheimer. (NASDAQ:ALGN) on Tuesday, November 28 with "Buy" rating. Wells Fargo initiated the stock with "Buy" rating in Tuesday, September 26 report. Finally, Vetr raised QUALCOMM from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a research note on Monday, November 27th. The stock has "Outperform" rating by Credit Suisse on Wednesday, July 20. The company was maintained on Thursday, November 2 by Stifel Nicolaus. (NASDAQ:BIDU) rating on Tuesday, October 31. The rating was maintained by Goldman Sachs with "Buy" on Thursday, July 21. The firm has "Hold" rating by Stifel Nicolaus given on Wednesday, November 29. (NASDAQ:ALGN) to report earnings on January, 30. They expect $0.77 EPS, down 27.36% or $0.29 from last year's $1.06 per share. QCOM's profit will be $1.14 billion for 21.24 P/E if the $0.77 EPS becomes a reality. The wireless technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.22. It also reduced its holding in Mastercard Incorporated (NYSE:MA) by 5,547 shares in the quarter, leaving it with 45,618 shares, and cut its stake in Johnson & Johnson (NYSE:JNJ). Also, the number of investment professionals holding Qualcomm Inc in their top 10 holdings decreased from 36 to 23 for a decrease of 13.

Among 2 analysts covering Invacare Corporation (NYSE:IVC), 2 have Buy rating, 0 Sell and 0 Hold.

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Ratings analysis reveals 42% of Qualcomm Inc.'s analysts are positive. Baidu had 56 analyst reports since July 28, 2015 according to SRatingsIntel. Nomura downgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, January 23 to "Neutral" rating. Stephens maintained the shares of IVC in report on Wednesday, April 5 with "Equal Weight" rating. Mizuho has "Buy" rating and $65.0 target. RBC Capital Markets upgraded the shares of QCOM in report on Wednesday, November 8 to "Outperform" rating. Rosenblatt upgraded the shares of QCOM in report on Thursday, January 12 to "Buy" rating. Cowen & Co has "Outperform" rating and $74 target. The stock has "Hold" rating by RBC Capital Markets on Friday, July 14. The company has market cap of $470.26 million.

Since August 20, 2017, it had 0 buys, and 5 selling transactions for $3.11 million activity. Over the last quarter, insiders have sold 72,989 shares of company stock worth $4,678,794.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.13, from 0.98 in 2017Q2. "(QCOM) Shares Sold by Rand Wealth LLC" was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune. 89 funds opened positions while 397 raised stakes. Moreover, Wafra Inv Advisory Group Ny has 0.82% invested in QUALCOMM Incorporated (NASDAQ:QCOM).

Analysts await Acxiom Corporation (NASDAQ:ACXM) to report earnings on January, 30. Df Dent & accumulated 0.51% or 382,740 shares. Round Table Svcs Limited Liability Company invested 0.07% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). New Jersey-based Supplemental Annuity Collective Trust Of Nj has invested 0.51% in QUALCOMM Incorporated (NASDAQ:QCOM). Maverick Limited has invested 2.93% in QUALCOMM Incorporated (NASDAQ:QCOM). Rmsincerbeaux Capital Mngmt Lc invested in 61,350 shares or 3.06% of the stock. Welch And Forbes Ltd holds 0.27% or 194,399 shares. Dillon Associate reported 0.65% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Orrstown Fin, Pennsylvania-based fund reported 705 shares. Washington invested in 360 shares.

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