Trump blocks Singapore-based Broadcom's bid to buy Qualcomm

Trump blocks Singapore-based Broadcom's bid to buy Qualcomm

Check Capital Management Inc sold 7,106 shares as Qualcomm (QCOM)'s stock rose 2.14%.

At the end of 12/31/2017 reporting period, 722 institutional holders increased their position in QUALCOMM Incorporated (NASDAQ:QCOM) by some 106,515,528 shares, 792 decreased positions by 89,655,158 and 124 held positions by 969,038,698. The company has market cap of $337.53 million. The stock increased 0.38% or $0.12 during the last trading session, reaching $32.85. About 8.45M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since March 12, 2017 and is uptrending. It has underperformed by 8.11% the S&P500.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on April, 18. Pnc Financial Gru invested in 0.15% or 1.78M shares. QCOM's profit will be $814.20M for 28.65 P/E if the $0.55 EPS becomes a reality. Reit (NYSE:DLR) by 11,381 shares to 14,127 shares, valued at $1.67 million in 2017Q3, according to the filing.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.04, from 0.92 in 2017Q2. The insider now directly owns 11,116 shares worth $700,641. 459.24 million shares or 2.33% less from 470.19 million shares in 2017Q2 were reported. Salient Trust Lta stated it has 12,075 shares or 0.07% of all its holdings. Tru Of Toledo Na Oh holds 1,494 shares. Texas Permanent School Fund invested in 0.29% or 281,721 shares. Fmr Ltd Liability holds 0.33% of its portfolio in CVS Health Corporation (NYSE:CVS) for 34.05 million shares. Beech Hill Advsrs Inc holds 2.99% or 5,890 shares in its portfolio. First Eagle Inv Ltd Liability Company has invested 0.01% in Pfizer Inc. (NYSE:AIG). Beech Hill holds 1.86% or 57,465 shares in its portfolio. Tirschwell & Loewy has 134,667 shares. Wright Investors Serv Inc reported 63,409 shares. California Employees Retirement System holds 0% or 19,000 shares. Jolley Asset Ltd Liability holds 0.04% of its portfolio in Raytheon Company (NYSE:RTN) for 300 shares. Corporate insiders own 0.17% of the company's stock.


Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 6 Sell and 9 Hold. Therefore 55% are positive. Northland Capital upgraded the stock to "Outperform" rating in Friday, September 15 report. 5,000 are held by Hodges Mgmt Inc. Vetr raised QUALCOMM from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research report on Monday, November 27th. Oppenheimer has "Outperform" rating and $19 target. The firm earned "Buy" rating on Monday, June 26 by Canaccord Genuity. The rating was maintained by Jefferies on Wednesday, August 30 with "Buy". The firm has "Mkt Perform" rating given on Tuesday, January 24 by Charter Equity. The stock has "Overweight" rating by Barclays Capital on Tuesday, November 29. ValuEngine raised QUALCOMM from a "hold" rating to a "buy" rating in a research report on Friday, February 2nd. ROGERS ALEXANDER H sold $48,627 worth of stock or 713 shares. $2.25 million worth of Raytheon Company (NYSE:RTN) shares were sold by O'Brien Anthony F. The insider Kennedy Thomas A sold $9.67M. $1.09 million worth of The Western Union Company (NYSE:WU) shares were sold by Farah Jean Claude. Shares for $2.77 million were sold by WAJSGRAS DAVID C on Tuesday, February 13.

Investors sentiment decreased to 0.88 in Q3 2017. Its up 0.10, from 1 in 2017Q2. It fall, as 83 investors sold QCOM shares while 490 reduced holdings. Talks grew more contentious a few weeks later when Broadcom lowered its buyout offer for Qualcomm to approximately $117 billion, making "an inadequate offer even worse".

But Trump's order put a clear hold on that strategy. Element Ltd Liability Corporation holds 0.09% of its portfolio in Cellular Biomedicine Group, Inc. Wilbanks Smith And Thomas Asset Mngmt Ltd Company has invested 0.28% in QUALCOMM Incorporated (NASDAQ:QCOM). Bennicas & Associate Incorporated holds 13,625 shares. Lpl Limited Com invested 0.06% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Jpmorgan Chase stated it has 0.09% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Bokf Na has 0.13% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Insight Cap Rech & Mgmt Inc reported 3,912 shares. Badgley Phelps & Bell Inc reported 0.53% stake. Dowling Yahnke Limited Co holds 162,448 shares or 0.85% of its portfolio. Td Asset Management Inc bought 2.53 million shares as the company's stock declined 3.45% while stock markets rallied.

QUALCOMM's revenue for the quarter was up 1.7% compared to the same quarter last year. research analysts anticipate that QUALCOMM, Inc. will post 2.8 EPS for the current year.

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