Momentum Stock May Face Headwinds: QUALCOMM Incorporated (NASDAQ:QCOM)

The ratio is better, as 4 active investment managers increased and started new holdings, while 5 cut down and sold equity positions in Federal National Mortgage Association Fannie Mae. $1.28 million worth of QUALCOMM, Inc.

Among institutions that increased their positions, 77 were new positions.

QUALCOMM Incorporated (NASDAQ:QCOM) had its price target increased by Citigroup Inc. from $55.00 to $57.00 in a research report issued on Friday, November 3rd.

COPYRIGHT VIOLATION NOTICE: "BRYN MAWR TRUST Co Has $7.42 Million Stake in QUALCOMM Incorporated (QCOM)" was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. The institutional investor held 358,098 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q2, valued at $19.77M, up from 345,726 at the end of the previous reported quarter. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM Inc. and related companies with MarketBeat.com's FREE daily email newsletter. Insiders own 0.24% of the company's stock. About 10 shares traded.

QUALCOMM Incorporated (NASDAQ:QCOM) has a 20-day RSI of 74.21%.

Federal National Mortgage Association is a government-sponsored enterprise chartered by Congress. The firm now has a "market perform" rating on the wireless technology company's stock. The Firm serves as a source of liquidity for purchases of homes and financing of multifamily rental housing, as well as for refinancing existing mortgages. QUALCOMM's quarterly revenue was down 3.5% compared to the same quarter last year. analysts anticipate that QUALCOMM Incorporated will post 3.07 earnings per share for the current fiscal year. It operates through two divisions: Single-Family and Multifamily.

The stock increased 1.44% or $0.013 on November 17, reaching $0.901. It has underperformed by 1.24% the S&P500. (NASDAQ:QCOM). Neuberger Berman Grp Ltd Com owns 929,934 shares or 0.07% of their U.S. portfolio. Synovus Fincl owns 39,252 shares for 0.04% of their portfolio. Rodgers Brothers has invested 0.16% in QUALCOMM, Inc. The Colorado-based Advisors Asset Management Inc. has invested 0.03% in the stock. Magellan Asset Mgmt reported 600 shares or 0% of all its holdings. Moreover, Barclays Public Ltd Company has 0.12% invested in QUALCOMM, Inc. Cincinnati Insur owns 427,500 shares.

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Among 36 analysts covering Qualcomm Inc. Mizuho maintained the shares of QCOM in report on Tuesday, September 6 with "Neutral" rating. During last 3 month period, -0.59% of total institutional ownership has changed in the company shares. Insiders have sold 21,097 shares of company stock valued at $1,266,138 in the last quarter. Swiss Natl Bank has invested 0.01% of its portfolio in MB Financial Inc (NASDAQ:MBFI). It is negative, as 89 investors sold QCOM shares while 481 reduced holdings. The legal version of this news story can be viewed at https://weekherald.com/2017/11/20/new-york-state-common-retirement-fund-has-232-63-million-stake-in-qualcomm-incorporated-qcom.html. Wealthtrust stated it has 0.04% in QUALCOMM, Inc. (NASDAQ:QCOM) for 14,400 shares. Cadence Capital Limited Liability Company accumulated 188,289 shares or 0.72% of the stock. Carl Domino Inc grew its position in QUALCOMM by 0.8% during the first quarter.

EVP & President, QTL, Rogers Alexander H, sold 357 common shares of QUALCOMM Incorporated (QCOM) in the open market. Burt Wealth stated it has 208 shares or 0.01% of all its holdings. 278,041 were accumulated by Suntrust Banks Incorporated. Bancorporation Va reported 64,846 shares stake. Atlas Browninc reported 5,953 shares. Tortoise Mgmt Ltd Liability Company holds 105 shares. Schroder Investment Management Group now owns 6,562,412 shares of the wireless technology company's stock valued at $375,369,000 after acquiring an additional 1,544,792 shares during the last quarter. That's a potential -4.12 decrease relative to where QUALCOMM Incorporated (NASDAQ:QCOM) has been trading recently.

Several analysts have released their opinion on QUALCOMM Incorporated (NASDAQ:QCOM), with 6 analysts believing it is a strong buy. At March 31, 2016, its total estimated proved reserves were approximately 2.051 million barrels of oil equivalent of which 53% was oil and natural gas liquids and 47% was natural gas.

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Analysts have given a mean recommendation of 2.40 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 32% are positive. Qualcomm Inc. had 120 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Ford Motor Company (NYSE:F) earned "Buy" rating by RBC Capital Markets on Sunday, August 13. Canaccord Genuity maintained it with "Buy" rating and $70 target in Thursday, July 21 report. The firm earned "Sector Perform" rating on Monday, October 3 by RBC Capital Markets. JP Morgan upgraded the stock to "Overweight" rating in Monday, May 22 report. Topeka Capital Markets maintained the shares of QCOM in report on Wednesday, December 16 with "Hold" rating. On Thursday, November 2 the stock rating was maintained by Bernstein with "Hold". The firm has "Hold" rating given on Wednesday, July 19 by BMO Capital Markets. Cantor Fitzgerald has "Buy" rating and $700 target.

Since May 20, 2017, it had 0 insider buys, and 2 selling transactions for $1.31 million activity. STERLING MICHELLE M had sold 5,509 shares worth $325,654. (NYSE:WEX) stake by 7,455 shares to 19,910 valued at $2.08 million in 2017Q2.

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