As Tesla (TSLA) Valuation Declined, Ctc Trimmed Stake; As Qualcomm (QCOM) Shares Declined, Holder Security National Bank Of Sioux City Iowa Has Trimmed Its Holding

May 22, 2018 - By Marguerite Chambers

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Security National Bank Of Sioux City Iowa decreased its stake in Qualcomm Inc (QCOM) by 50.62% based on its latest 2017Q4 regulatory filing with the SEC. Security National Bank Of Sioux City Iowa sold 10,128 shares as the company’s stock declined 15.28% with the market. The institutional investor held 9,878 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $632,000, down from 20,006 at the end of the previous reported quarter. Security National Bank Of Sioux City Iowa who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $85.09 billion market cap company. The stock decreased 0.55% or $0.32 during the last trading session, reaching $57.39. About 3.68M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since May 22, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Ctc Llc decreased its stake in Tesla Inc (TSLA) by 53.79% based on its latest 2017Q4 regulatory filing with the SEC. Ctc Llc sold 38,414 shares as the company’s stock declined 14.15% with the market. The institutional investor held 33,002 shares of the capital goods company at the end of 2017Q4, valued at $10.28 million, down from 71,416 at the end of the previous reported quarter. Ctc Llc who had been investing in Tesla Inc for a number of months, seems to be less bullish one the $46.97B market cap company. The stock decreased 2.77% or $7.885 during the last trading session, reaching $276.605. About 4.75M shares traded. Tesla, Inc. (NASDAQ:TSLA) has risen 3.32% since May 22, 2017 and is uptrending. It has underperformed by 8.23% the S&P500.

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.02, from 0.85 in 2017Q3. It fall, as 89 investors sold QCOM shares while 518 reduced holdings. 160 funds opened positions while 346 raised stakes. 1.11 billion shares or 0.73% more from 1.10 billion shares in 2017Q3 were reported. 1.18M are owned by Waddell & Reed Fincl. Pitcairn Co holds 0.13% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 19,735 shares. Jag Capital Management Ltd Liability Corporation stated it has 0.25% in QUALCOMM Incorporated (NASDAQ:QCOM). Invest Partners Limited Oh Adv holds 3,482 shares or 0.17% of its portfolio. 186,313 were reported by Amalgamated Savings Bank. State Of Tennessee Treasury Department reported 0.3% stake. Birch Hill Invest Advisors Limited Com reported 3,600 shares. Bridges Investment Management reported 0.5% stake. Cue Financial has invested 0.19% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Pub Sector Pension Investment Board owns 164,320 shares or 0.07% of their US portfolio. Check Mngmt Ca has invested 3.56% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Westpac Corporation has 117,428 shares for 0.17% of their portfolio. Mason Mgmt Lc stated it has 1.22% in QUALCOMM Incorporated (NASDAQ:QCOM). Hedeker Wealth Limited Liability Corp holds 25,269 shares or 1.26% of its portfolio. 37,505 were accumulated by Fort Limited Partnership.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on July, 18. They expect $0.58 EPS, down 17.14% or $0.12 from last year’s $0.7 per share. QCOM’s profit will be $859.92 million for 24.74 P/E if the $0.58 EPS becomes a reality. After $0.67 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -13.43% negative EPS growth.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Investorplace.com which released: “Speculators Are Piling into Qualcomm, Inc. Stock for Two Big Reasons” on May 14, 2018, also Seekingalpha.com with their article: “Beijing Approves Microchip Deal, Boding Well For Qualcomm-NXP” published on May 17, 2018, Nasdaq.com published: “Qualcomm Is Reportedly Giving Up on Server Chips” on May 10, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: “Tech stocks move as US, China work towards ZTE agreement” published on May 22, 2018 as well as Fool.com‘s news article titled: “Samsung Is Making Its Move Against Qualcomm” with publication date: May 21, 2018.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 2 Sell and 20 Hold. Therefore 41% are positive. Qualcomm Inc. had 156 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating by UBS given on Monday, November 6. Morgan Stanley upgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, July 27 to “Overweight” rating. Susquehanna upgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Wednesday, January 13 to “Positive” rating. The firm earned “Hold” rating on Thursday, July 20 by Nomura. Nomura upgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, October 31 to “Buy” rating. Canaccord Genuity maintained the stock with “Buy” rating in Monday, June 26 report. On Thursday, January 26 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Monday, March 28, the company rating was downgraded by Barclays Capital. Susquehanna maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, April 26. Susquehanna has “Buy” rating and $6200 target. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Hold” rating given on Wednesday, July 19 by Bernstein.

Since January 9, 2018, it had 0 buys, and 8 insider sales for $7.62 million activity. $33,597 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by ROGERS ALEXANDER H on Friday, April 27. $3.14M worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by THOMPSON JAMES H. GROB MATTHEW S sold 43,000 shares worth $2.81M. 11,670 QUALCOMM Incorporated (NASDAQ:QCOM) shares with value of $618,603 were sold by Rosenberg Donald J.

Since December 13, 2017, it had 1 insider purchase, and 9 sales for $5.98 million activity. Shares for $147,099 were sold by Branderiz Eric. The insider FIELD JOHN DOUGLAS sold 1,000 shares worth $330,056. Another trade for 33,000 shares valued at $9.85M was made by Musk Elon on Monday, May 7.

More notable recent Tesla, Inc. (NASDAQ:TSLA) news were published by: 247Wallst.com which released: “Tesla Faces Even More Problems After Another Collision” on May 14, 2018, also Seekingalpha.com with their article: “Tesla Semi Launch: Delayed, Crew Missing” published on May 16, 2018, Seekingalpha.com published: “Expensive Model 3 preventing Tesla death” on May 22, 2018. More interesting news about Tesla, Inc. (NASDAQ:TSLA) were released by: Seekingalpha.com and their article: “Tesla And Its Institutional Investors” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Tesla: Why $35000 Is So Important” with publication date: May 21, 2018.

Investors sentiment decreased to 1.05 in Q4 2017. Its down 0.25, from 1.3 in 2017Q3. It is negative, as 105 investors sold TSLA shares while 156 reduced holdings. 69 funds opened positions while 206 raised stakes. 96.06 million shares or 3.01% more from 93.25 million shares in 2017Q3 were reported. Janney Montgomery Scott Lc invested in 0.11% or 32,941 shares. Bridgewater Associates Limited Partnership reported 0% stake. Fort Washington Inv Advsr Oh reported 0.02% in Tesla, Inc. (NASDAQ:TSLA). Barrett Asset Limited Liability Company accumulated 50 shares. Tb Alternative Assets Ltd holds 25,700 shares or 2.97% of its portfolio. Lourd Capital Limited Liability Co invested in 0.03% or 1,590 shares. Duncker Streett & Comm holds 0% in Tesla, Inc. (NASDAQ:TSLA) or 13 shares. Wetherby Asset Mgmt Incorporated has 1,993 shares. Signaturefd Limited Liability Company holds 750 shares. Telemus Cap Limited Co has invested 0.17% in Tesla, Inc. (NASDAQ:TSLA). 1,975 are held by Polaris Greystone Financial Group Inc Limited Liability. 1,635 are owned by Ahl Prns Limited Liability Partnership. Noesis Mangement invested in 697 shares or 0.08% of the stock. Prentiss Smith And Inc holds 0.02% in Tesla, Inc. (NASDAQ:TSLA) or 100 shares. 886,714 are owned by National Bank & Trust Of Mellon Corp.

Analysts await Tesla, Inc. (NASDAQ:TSLA) to report earnings on August, 1. They expect $-3.61 earnings per share, down 76.96% or $1.57 from last year’s $-2.04 per share. After $-4.19 actual earnings per share reported by Tesla, Inc. for the previous quarter, Wall Street now forecasts -13.84% EPS growth.

Ctc Llc, which manages about $61.51 billion US Long portfolio, upped its stake in Ishares Silver Trust (Put) by 4,499 shares to 12,456 shares, valued at $19.88 million in 2017Q4, according to the filing. It also increased its holding in Facebook Inc (Call) by 4,157 shares in the quarter, for a total of 43,564 shares, and has risen its stake in Spdr S&P 500 Etf Tr (Put).

Tesla, Inc. (NASDAQ:TSLA) Institutional Positions Chart

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